Full text of Z.1 Financial Accounts of the United States : December 7, 1994

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Z.l
December 7,1994

Flow of Funds Accounts
Flows and Outstandings

Third Quarter 1994

Board of Governors of the Federal Reserve System, Washington, D.C. 20551



Flow of Funds Accounts
Third Quarter 1994
This publication presents the flow of funds accounts for 1994:Q3 and revisions to data for
1993:01 through 1994:Q2. The data incorporate figures from the national income and product
accounts (NIPA) published by the Bureau of Economic Analysis on November 30,1994. The tables that
follow include data for both flows and outstandings. Numbers for tables with flows are prefaced with an
E and those for levels tables with an L- The table of contents provides a listing of the tables.

A list of source data available for the release is on pages iv to vi. Significant revisions to data in
previous quarters include the following:
•

In the household sector (table F.100), where most asset flows are estimated
residually, the accumulation of financial assets over 1993 and the first half of
1994 is now shown to have been larger. Household sector liabilities, including
consumer credit, were pared down a bit over 1993 and 1994:Q1; but liabilities
were revised up in 1994:Q2, primarily due to new information indicating
additional home mortgage borrowing.

•

In the nonfinancial corporate business sector (table F.104), flows of assets were
changed to reflect new information contained in the Quarterly Financial Report
published by Census Bureau. In particular, trade credit in 1994:Q1 and
1994:Q2 was revised up by somewhat more than trade debt in the same
quarters. On the liability side, net issuance of bonds and equity was revised
down in the first half of 1994, based on more complete source data for those
flows.

•

Net accumulation of assets in 1994:Q2 by life insurance companies
(table F.121) was revised down, based on information provided by the American
Council of Life Insurance .

•

Estimates of the net accumulation of financial assets—particularly corporate
equities—of state and local government retirement funds (table F.124) in
1993:Q4 were revised up, based on new data from the Census Bureau.

•

Financial flows of finance companies (table F.125) from 1993:Q1 forward were
altered to reflect data published earlier in the Federal Reserve’s G.20 release.

•

Net acquisitions of financial assets by the security brokers and dealers sector
(table F.131) in 1994:Q2 were increased, as was the increase in liabilities, based
on new source data from the Securities and Exchange Commission.

•

Estimates of net issuance of state and local governments tax-exempt debt
(table F.212) were raised over 1993 and the first half of 1994, based on revised
data from primary sources.

Relation of Flows to Outstandings. Estimates of financial assets and liabilities are linked to data
on flows. However, figures on outstandings contain breaks in series that could affect analysis of
relationships over time. Specifically, outstandings in the flow of funds accounts are related to the flows
in the following way.
Outstanding t= Outstanding t-i+ Flowt+ Discrepancy t
where t is the time period.

Level-flow discrepancies or series breaks result from changes in valuation, breaks in source
data, and changes in definitions. For most series, the discrepancy is zero for nearly all time periods.
However, in a few instances, the discrepancy is nonzero for almost all time periods, or can be quite
large in a particular quarter, such as a period when there is a sharp increase or decrease in equity
prices or a major break in source data.




-ii-

The discrepancies in the outstanding-flow relationship can distort estimated rates of growth in
assets and liabilities between periods. In order to minimize these distortions, percentage changes in
assets and liabilities in flow of funds releases are calculated in the following manner:
Percentage change t= (Flow t /Outstanding t_i) * 100

Preliminary Estimates. Figures shown for the most recent quarter in these tables are based on
preliminary and incomplete information. A summary list of the principal sources of information available
when the third-quarter data were compiled follows this preface. The distinction between “available”
data and “missing” data is not between final and preliminary versions of data, but rather between those
source estimates that are fully ready when the latest quarterly estimate is compiled and those that are
not yet completed. However, the items that are shown as available are, in general, also preliminary in
the sense that many series are subject to regular quarterly or annual revision by source agencies.
Margins of Uncertainty. Flow of funds statistics, like all aggregate data, are subject to
uncertainties resulting from incompatibilities among source data, potential revisions in both financial
and nonfinancial series, and incomplete data in certain parts of the accounts. The size of these
uncertainties cannot be quantified in precise statistical terms, but allowance for them is explicitly made
throughout the accounts by the inclusion of “discrepancies” for various sectors and transaction types.
A discrepancy for a sector is the difference between its measured sources of funds and its measured
uses of funds. For a transaction category, a discrepancy is the difference between measured total
funds borrowed through the financial instrument less measured funds lent through that type of
instrument. The size of such discrepancies relative to the main asset or liability components is often
one indication of the degree of measurement difficulty with source data, especially on an annual basis.
For quarterly data, differences in seasonal adjustment in financial and nonfinancial components of the
accounts sometimes result in discrepancies that cancel in annual data.

Availability of Data. Flow of funds statistics are usually compiled and available about two
months following the last quarter reported. The Z.7 release, “Flow of Funds Summary Statistics,” is
made available as soon as a new quarter’s data have been compiled. The Z.7 provides an overview of
the major credit markets, together with developments in a few key sectors. The Z.7 is available from
the Board’s Publications Services and electronically through the Economic Bulletin Board of the
Department of Commerce. This publication—the Z.1 release, which covers the full range of the
accounts--is subject to printing and mailing delays of up to two weeks from the time the estimates are
completed. To facilitate access in the meantime, preliminary copies are distributed to Federal Reserve
Bank information offices for use by the public.
Data from the flow of funds accounts are also available on 3-1/2 inch diskettes. The diskettes
contain quarterly data beginning in 1952, organized in files that correspond to the tables published in
the Z.1 release. One diskette contains the seasonally adjusted flows, a second diskette contains
unadjusted flows, and the third diskette contains the outstandings, which are not seasonally adjusted.
In addition, the outstandings diskette contains files with the monthly debt aggregate data published in
the Board’s H.6 release (monthly data from January 1955 forward), annual data from the “Balance
Sheets for the U.S. Economy 1945-93” (C.9 release), and supplementary tables.
Subscription Information. The Federal Reserve Board charges for subscriptions to all statistical
releases. The annual price of the Z.7 Summary Statistics release is $5.00; the annual price of the Z.1
release is $25.00. Diskettes are available at $25.00 per diskette. Inquiries for releases or the diskettes
should be directed to:
Publications Services, Stop 127
Board of Governors of the Federal Reserve System
20th and Constitution Avenue, N.W.
Washington, DC 20551

(202) 452-3244

A Guide to the Flow of Funds Accounts is available. The Guide explains the principles
underlying the accounts and describes how they are constructed. The Guide may be ordered from
Publication Services for $8.50.




-iii-

Availability of Data for Preliminary Estimates for 1994:Q3
Available at time of publication

Major items missing

Preliminary estimates, seasonally adjusted,
for 1994:Q3 and annual revisions for
unadjusted flows for 1991-1993.

None,

NONFINANCIAL DATA
1. National income and product
accounts (NIPA)

FINANCIAL DATA

I
V
'

2. Household sector
(Tables F.100 and L.100)

Estimates for this sector are largely residual and derived from data for other sectors.
Availability of data is dependent on schedules for other sectors. Data for consumer credit,
which are estimated directly rather than through a residual calculation, are available for
1994:Q3.

3. Farm business
(Tables F.102 and L.102)

Mortgages, bank loans, and loans from
government-sponsored enterprises for
1994:Q3.

Data for U.S. government loans to farms since
1991 :Q4.

4. Nonfarm noncorporate business
(Tables F.103 and L.103)

Internal Revenue Service Statistics of Income
data for 1992; bank and finance company
loans, mortgage borrowing, and consumer
credit for 1994:Q3.

Sfafisfics of Income data since 1992.

5. Nonfinancial corporate business
(Tables F.104 and L.104)

Quarterly Financial Report (QFR) of the
Census Bureau through 1994:Q2. Internal
Revenue Service Statistics of Income data for
1991; securities offerings, mortgages, bank
loans, commercial paper, and other loans for
1994:Q3.

Statistics of Income data since 1991.

6. State and local governments
(Tables F.105 and L.105)

Gross security offerings and retirements,
deposits at banks, and nonmarketable U.S.
government securities issues for 1994:Q3.
Census of Government Finances data for
asset items and debt outstanding through
1992:Q2.

Other asset items since 1992:Q2.

7. U.S. government
(Tables F.106 and L.106)

Data on federal receipts and outlays from the
Monthly Treasury Statement of Receipts and
Outlays for 1994:Q3; data from the Federal
Financing Bank statement for 1994:Q3.

Data for loans outstanding since 1991 :Q4
except at the Federal Financing Bank.




8. Government-sponsored enterprises
(Tables F.107 and L.107)

Balance sheet data for FNMA, Federal Home
Loan Banks, FHLMC, SLMA, FICO, REFCORR
and FCA for 1994:Q3.

None.

9. Federally related mortgage pools
(Tables F.108 and L.108)

All data for 1994:03.

None.

10. Rest of the world
(U.S. international transactions)
(Tables F.109 and L.109)

NIPA estimates, data from bank reports of
condition, and Treasury International Capital
System data for 1994:Q3. Balance of
Payments data for 1994:02.

Balance of Payments data for 1994:03.

11. Monetary authority
(Tables F.110 and L.110)

All data for 1994:03.

None.

12. Commercial banking
(Tables F.111 and L.111)

All data for 1994:03 for domestically
chartered and foreign-related banks.

Data since 1992:04 for banks in
U.S.-affiliated areas. Data for 1994:03
bank holding companies.

13. Funding corporations
(Tables F.117 and L.117)

Estimates for this sector are largely residual and derived from data for other sectors.

14. Savings institutions
(Tables F.119 and L.119)

All data for 1994:03.

None.

15. Credit unions
(Tables F.120 and L.120)

All data for 1994:03.

None.

16. Life insurance companies
(Tables F.121 and L.121)

Asset data through 1994:02 and liability data
through 1993.

Liability data since 1993 and asset data
1994:03.

17. Other insurance companies
(Tables F.122 and L.122)

All data through 1993.

Data since 1993.

18. Private pension funds (including FERS)
(Tables F.123 and L.123)

All data for 1994:03.

None.

19. State and local government retirement
funds
(Tables F.124 and L.124)

Data through 1993:04.

Data since 1993:04.

20. Finance companies
(Tables F.125 and L.125)

All data for 1994:03.

None.

21. Mortgage companies
(Tables F.126 and L.126)

All data for 1994:02.

Data for 1994:03.

22. Mutual funds
(Tables F.127 and L.127)

All data for 1994:03.

None.




23. Closed-end funds
(Tables F.128 and L.128)

Data through 1993.

Data since 1993.

24. Real estate investment trusts
(Tables F.130 and L.130)

Data through 1993:Q4.

Data since 1993:Q4.

25. Security brokers and dealers
(Tables F.131 and L.131)

Data for firms filing FOCUS reports through
1994: Q3. Data for firms filing FOGS reports
through 1994:Q2.

Data from FOGS reports for 19S4:Q3.

26. Issuers of asset-backed securities
(ABSs)
(Tables F.132 and L.132)

All data from Trepp/PSA Information Services
and data for private mortgage pools,
consumer credit and trade credit
securitization for 1994:03.

None.

27. Bank personal trusts and estates
(Tables F.133 and L.133)

Data through 1993.

Data since 1993.

TA-

i

i




December 7, 1994

GROHTH OF NONFINANCIAL DEBT BY SECTOR (In percent)

--------------------------------------------------- Domestic sectors--------------------------------------------- Households--------------- Business-------State &
Foreign
U.S.
NonHome Consumer
Long- Short- local
and
Total
govt, federal
Total
mtgs.
credit
Total
term term
govts. Foreign domestic

Memo:
Private
finan.
assets

Annual
1986
1987
1988
1989
1990
1991
1992
1993

12.3
9.4
8.9
7.8
6.3
4.4
4.8
5.4

13.6
8 0
8.0
7.0
11.0
11.1
10.9
8.3

11.9
9.8
9.2
8.1
5.0
2.4
2.8
4.3

12.0
11.4
10.5
9.2
6.5
4.7
5.8
7.1

14.3
14.9
12.7
10.8
7.9
6.5
6.7
6.4

9.6
5.0
7.2
6.2
2.0
-1.8
0.7
7.8

12.2
7.9
8.7
6.9
3.4
-1.0
-.1
0.6

13.9
9.4
8.4
5.5
2.3
2.9
0.2
1.5

9.7
5.4
9.4
9.1
5.2
-7.1
-.5
-1.0

9.8
12.1
6.0
9.3
5.7
7.4
1.8
7.1

4.1
2.6
2.6
4.0
9.1
4.9
7.1
15.1

12.0
9.2
8.7
7.7
6.4
4.5
4.9
5.6

7.3
8.1
8.6
5.8
4.7
-1.0
0.7
-.4

Quarterly (SAAR)
1992

I
II
III
IV

5.5
4.5
4.9
3.9

11.9
12.1
10.0
8.0

3.4
1.9
3.2
2.5

6.3
3.1
6.8
6.3

8.7
3.3
8.3
5.8

-.6
-1.9
1.5
3.7

0.4
0.1
-.7
0.1

1.2
1.4
-1.1
-.7

-1.2
-2.2
0.1
1.4

3.9
3.7
3.7
-4.1

-1.3
19.0
10.1
1.2

5.4
4.8
5.1
3.9

4.1
0.4
-2.1
0.4

1993

I
II
III
IV

4.1
6.2
5.1
5.6

7.8
10.7
5.4
8.4

2.8
4.6
5.0
4.5

4.2
6.5
9.0
8.0

4.1
6.7
8.0
6.1

2.5
5.1
9.3
13.3

-.3
0.7
0.6
1.3

2.4
0.4
2.2
1.0

-5.0
1.4
-2.1
1.8

9.2
11.9
4.8
1.7

12.5
13.3
25.1
6.5

4.3
6.4
5.6
5.6

-2.9
1.5
-2.2
1.9

1994

I
II
III

5.3
4.3
4.8

6.3
3.6
3.9

4.9
4.6
5.2

7.0
7.0
8.3

5.9
4.6
6.3

8.4
13.8
13.9

3.5
3.8
4.1

0.3
2.1
1.5

9.2
6.9
8.5

1.0
-2.8
-4.9

-18.5
-.6
-1.0

4.6
4.2
4.7

9.1
6.4
3.0

-T TA -

I
I




December 7, 1994

BORROWING BY NONFINANCIAL SECTORS (Billions of dollars)

------------------------------------------------------ Domestic sectors-------------------------------------------- Households--------------- Business-------State &
Foreign
U.S.
NonHome Consumer
Long- Short- local
and
Total
govt, federal
Total
mtgs. credit
Total
term term
govts. Foreign domestic

Memo:
Private
finan.
assets

Annual flows

1986
1987
1988
1989
1990
1991
1992
1993

854.3
733.0
762.8
729.0
635.6
475.8
536.1
628.1

216.0
143.9
155.1
146.4
246.9
278.2
304.0
256.1

638.3
589.1
607.7
582.7
388.7
197.5
232.1
372.0

268.1
285.4
291.4
281.6
218.9
170.9
217.7
284.5

196.5
234.2
227.9
217.6
179.0
159.2
174.4
178.2

57.5
32.9
50.1
45.8
16.0
-15.0
5.5
62.3

315.3
228.7
274.8
233.1
123.7
-35.9
-2.0
21.9

218.2
169.2
165.8
117.5
51.9
67.5
4.6
35.1

97.0
59.5
109.0
115.6
71.9
-103.4
-6.5
-13.2

54.9
75.1
41.5
68.0
46.0
62.6
16.4
65.7

9.7
6.2
6.4
10.2
23.9
13.9
21.3
46.9

864.0
739.2
769.2
739.2
659.4
489.6
557.4
675.0

334.2
395.7
457.6
336.2
290.0
-62.8
44.4
-25.9

Quarterly flows (SAAR)

TTTA-

I

I

1992 — I
II
III
IV

618.4
505.1
564.8
456.0

331.3
347.4
294.6
242.7

287.1
157.7
270.3
213.3

238.6
121.0
261.6
249.6

228.4
87.5
222.3
159.4

-4.6
-15.0
12.0
29.6

13.3
2.2
-25.4
1.9

28.9
32.6
-26.4
-16.9

-15.6
-30.4
1.0
18.8

35.2
34.5
34.1
-38.2

-3.8
55.0
30.6
3.6

614.6
560.1
595.4
459.6

263.1
28.7
-137.6
23.3

1993 — I
II
III
IV

481.4
740.5
613.3
677.2

240.5
336.4
173.4
274.2

240.9
404.1
439.9
403.0

167.5
264.1
368.5
337.7

115.4
187.9
230.8
178.7

20.3
41.6
76.2
111.3

-11.6
26.7
24.1
48.2

55.5
8.6
52.0
24.3

-67.1
18.1
-27.9
24.0

85.0
113.2
47.3
17.1

38.9
42.8
83.1
22.9

520.3
783.3
696.4
700.2

-185.2
97.7
-140.2
124.1

1994 — I
II
III

651.2
543.4
612.3

210.6
122.9
134.1

440.6
420.5
478.1

299.4
303.6
370.5

174.3
138.9
193.5

72.7
121.9
127.1

131.4
144.7
156.4

7.6
49.3
37.1

123.8
95.4
119.3

9.9
-27.8
-48.8

-66.3
-1.9
-3.4

584.9
541.5
608.9

587.5
421.2
202.8




December 7, 1994

NONFINANCIAL DEBT OUTSTANDING BY SECTOR (Billions of dollars)

------------------------------------------------------- Domestic Sectors------------------------------------------ Households--------------- Business—- ---State &
Foreign
U.S.
NonHome Consumer
Long- Short- local
and
Total
govt. federal
Total
mtgs.
credit
term term
govts. Foreign domestic
Total

Memo:
Private
finan.
assets

Year-end outstandings
1986
1987
1988
1989
1990
1991

7817.3
8561.6
9312.6
10070.4
10712.6
11181.5

1805.9
194$,8
2104.9
2251.2
2498.1
2776.4

6011.4
6611.8
7207.7
7819.2
8214.5
8405.1

2504.5
2770.7
3073.6
3579.6
3614.3
3784.7

1573.7
1795.3
2023.1
2253.1
2455.0
2613.7

659.1
692.0
742.1
796.4
812.4
797.4

2889.0
3148.1
3399.5
3637.0
3751.7
3709.3

1790.6
1984.3
2122.7
2244.9
2287.7
2355.7

1098.5
1163.8
1276.8
1392.1
1463.9
1353.6

618.0
693.0
734.5
802.5
848.6
911.1

238.3 8055.6
245.0 8806.6
251.4 9563.9
261.2 10331.6
285.0 10997.6
298.8 11480.3

4909.9
5333.3
5814.6
6172.9
6462.4
6388.6

Quarterly outstandings (seasonally adjusted)

■XT

I

I

1992 — I
II
III
IV

11339.2
11465.5
11606.7
11720.7

2859.2
2946.0
3019.7
3080.3

8480.0
8519.5
8587.0
8640.4

3844.3
3874.6
3939.9
4002.3

2670.8
2692.7
2748.2
2788.1

796.3
792.5
795.5
803.0

3715.8
3716.4
3710,0
3710.5

2362.9
2371.1
2364.5
2360.3

1352.8
1345.3
1345.5
1350.2

919.9
928.6
937.1
927.5

288.7
302.5
310.1
310.9

11628.0
11768.0
11916.8
12031.6

6454.4
6461.5
6427.1
6436.4

1993 — I
II
III
IV

11855.3
12040.5
12193.8
12363.1

3140.5
3224.6
3267.9
3336.5

8714.8
8815.9
8925.8
9026.6

4049.4
4115.4
4207.5
4292.0

2820.8
2867.8
2925.4
2970.1

809.3
819.6
838.7
866.5

3716.7
3723.4
3729.4
3741.5

2377.3
2379.4
2392.4
2398.5

1339.4
1343.9
1337.0
1343.0

948.8
977.1
988.9
993.2

320.7
331.4
352.2
357.8

12176.1
12371.9
12546.0
12720.8

6411.2
6435.6
6400.5
6427.1

1994 — I
II
III

12525.8
12661.7
12814.7

3389.1
3419.9
3453.4

9136.7
9241.8
9361.4

4366.5
4442.4
4535.0

3013.7
3048.4
3096.8

884.7
915.2
946.9

3774.6
3810.8
3849.9

2400.1
2412.4
2421.7

1374.5
1398.4
1428.2

995.6
988.7
976.5

341.3 12867.1
340.8 13002.5
340.0 13154.7

6579.3
6684.6
6735.3




TABLE OF CONTENTS
Levels

Flows
Title

Table

Page

Table

Page

L.2
L.3
L.4

67
67
67

SUMMARIES
Income and product distribution

F.1

1

Funds raised in credit and equity markets:
Credit market borrowing:
Nonfinancial sectors
Financial sectors
All sectors, by transaction
Funds raised through mutual funds
and corporate equities

F.2
F.3
F.4

3
3
3

F.5

3

Total claims:
Total net borrowing and lending
in credit markets
Total liabilities and their relation
to total financial assets

F.6

5

L.6

69

F.7

5

L.7

69

Derivation of measures of personal saving

F.8

7

L.8

71

Households and nonprofit organizations

F.100

9

L.100

73

Nonfinancial business
Farm
Nonfarm:
Noncorporate
Corporate

F.101
F.102

11
11

L.101
L.102

75
75

F.103
F.104

11
13

L.103
L.104

75
77

State and local government general funds

F.105

15

L.105

79

U.S. government

F.106

17

L.106

81

Government-sponsored enterprises

F.107

17

L.107

81

Federally related mortgage pools

F.108

17

L.108

81

Rest of the world

F.109

19

L.109

83

Monetary authority

F.110

21

L.110

85

Commercial banking
U.S.-chartered commercial banks
Foreign banking offices in U.S.
Bank holding companies
Banks in U.S.-affiliated areas

F.111
F.112
F.113
F.114
F.115

21
23
23
25
25

L.l 11
L.112
L.113
L.114
L.115

85
87
87
89
89

Private nonbank financial institutions
Funding corporations
Thrift institutions
Savings institutions
Credit unions
Insurance companies and pension funds:
Life insurance companies
Other insurance companies

F.116
F.117
F.118
F.119
F.120

27
27
29
29
29

L.116
L.117
L.118
L.119
L.120

91
91
93
93
93

F.121
F.122

31
31

L.121
L.122

95
95

SECTORS




“X-

Flows
Title

Private pension funds
State and local government
employee retirement funds

Other financial institutions^
Finance companies
Mortgage companies
Mutual funds
Closed-end funds
Money market mutual funds
Real estate investment trusts (REITs)
Security brokers and dealers
Issuers of asset-backed securities (ABSs)
Bank personal trusts and estates

Levels

Table

Paae

F.123
F.124

31
31

L.123
L.124

95
95

F.125
F.126
F.127
F.128
F.129
F.130
F.131
F.132
F.133

33
33
33
33
33
35
35
35
35

L.125
L.126
L.127
L.128
L.129
L.130
L.131
L.132
L.133

97
97
97
97
97
99
99
99
99

Table

Paae

TRANSACTIONS
Foreign exchange, Treasury currency,
and insurance reserves:
Gold and official foreign exchange holdings
SDR certificates and Treasury currency

F.200
F.201

37
37

L.200
L.201

101
101

Insurance and pension fund reserves

F.202

37

L.202

101

Net interbank claims

F.203

39

L.203

103

Deposits:
Checkable deposits and currency
Small time and savings deposits
Large time deposits

F.204
F.205
F.206

41
41
41

L.204
L.205
L.206

105
105
105

F.207

43

L.207

107

F.208
F.209

43
43

L.208
L.209

107
107

U.S. government securities:
Treasury securities
Agency securities

F.210
F.211

45
45

L.210
L.211

109
109

Private securities:
Tax-exempt debt securities and loans
Corporate and foreign bonds
Mutual fund shares
Corporate equities

F.212
F.213
F.214
F.215

47
47
47
47

L.212
L.213
L.214
L.215

111
111
111
111

Total mortgages
Home mortgages
Multifamily residential mortgages
Commercial mortgages
Farm mortgages

F.216
F.217
F.218
F.219
F.220

49
49
51
51
51

L.216
L.217
L.218
L.219
L.220

113
113
115
115
115

Consumer credit and bank loans not
elsewhere classified:
Consumer credit
Bank loans not elsewhere classified

F.221
F.222

53
53

L.221
L.222

117
117

Other deposits, federal funds, and security RPs:
Money market mutual fund shares
Federal funds and security
repurchase agreements
U.S. deposits in foreign countries




-xi-

Levels

Flows

Table

Page

Table

Page

Open market paper and other loans:
Open market paper
Other loans

F.223
F.224

55
55

L.223
L.224

119
119

Security credit, trade credit, and taxes payable:
Security credit
Trade credit
Taxes payable by businesses
Proprietors’ equity in noncorporate business
Investment in bank personal trusts

F.225
F.226
F.227
F.228
F.229

57
57
57
57
57

L.225
L.226
L.227

121
121
121

L.229

121

Total miscellaneous financial claims
Identified miscellaneous financial claims
Unidentified miscellaneous financial claims

F.230
F.231
F.232

59
61
63

L.230
L.231
L.232

123
125
127

Discrepancies:
Sectors
Transactions

F.9
F.10

65
65

L.IOO.a

130

Title

SUPPLEMENTARY TABLES

Nonprofit organizations




F.IOO.a

-xii-

129

DECEMBER 7, 1994
Income and Product Distribution

Income and Product Distribution

F.1 Income and Product Distribution

1

ANNUAL FLOWS

ANNUAL FLOWS
1986

1987

1988

1989

1990

1991

4033.9

4268.7

4540.0

4900.4

5250.8

5546.1

5724.8

6020.2

6343.3

1

3439.8
2667.4
353.0
428.1
344.3

3683.6
2850.6
389.6
465.3
367.8

3933.8
3052.2
403.7
496.6
384.9

4214.8
3296.1
437.1
531.7
387.0

4498.3
3523.1
459.4
573.6
401.6

4808.6
3761.2
468.2
621.0
426.5

4999.9
3902.5
456.6
651.6
445.8

5262.2
4136.9
492.7
676.3
449.0

5526.6
4378.2
538.0
704.8
443.7

2
3
4
5
6

714.6
690.0
185.9
161.5
1.6
21.0
1.7
0.1

717.6
709.0
216.6
189.6
2.0
23,0
1.8
0.2

749.3
723.0
225.2
198.5
2.5
22.3
1.8
0.2

793.6
777.4
232.0
206.8
2.3
21.2
1.6
0.1

832.3
798.9
230.9
206.8
1.7
20.7
1.6
0.1

808.9
802.0
215.3
191.5
2.2
20.0
1.4
0.2

744.8
746.6
189.6
173.1
l.S
14.0
1.1
0.2

788.3
785.2
223.8
205.5
1.3
15,3
1.3
0.4

832.0
866.7
250.6
230.3
1.3
17.0
1.4
0.6

7
8
9
10
11
12
13
14

468.9
22.7
12.2
66.2
326.7
41.2

504.0
23.2
10.4
74.6
350.2
45.7

492.4
25.1
8.8
74.0
332.0
52.5

497.®
29.0
10.6
73.8
328.4
56.0

545.4
32.1
10.9
78.7
362.9
60.8

568.0
35.0
12.6
82.8
369.1
68.5

586.7
37.2
13.7
71.3
397.6
66.8

557.0
36.5
12.8
64.9
379.9
62.8

561.4
37.6
12.3
55.7
387.3
68.5

616.1
40.8
14.0
67.6
419.9
73.8

15
16
17
18
19
20

-5.6
-15.4
9.8
0.5
9.4

71.1
5.7
65.4
3.0
62.3

24.6
5.8
18.9
0.9
16.0

8.7
-1.4
10.1
O.S
9.6

26.3
-6.4
32.7
1.6
31.1

16.2
-11.3
27.5
1.3
26.2

33.3
1.5
31.8
1.6
30.2

6.9
3.1
3.8
0.2
3.6

-1.8
-.6
-1.2
-.1
-1.1

3.0
5.7
-2.7
-.1
-2.5

15.4
-4.7
20.1
1.0
19.1

21
22
23
24
25

-20.6
282.6
303.2

-51.4
276.7
328.1

-102.7
302.4
405.1

-115.6
302.1
417.6

-132.5
319.2
451.7

-143.1
364.0
507.1

-108.0
444.2
552.2

-79.7
508.0
587.7

-71.4
557.1
628.5

-19.9
601.1
621.0

-30.3
638.1
668.4

30.2
29 Memos Net U.S. factor income
from rest of the world (1)
97.3
30
U.S. receipts
67.1
- U.S. payments
31

29.4

24.3

14.8

9.1

4.6

7.9

16.0

21.7

16.0

5.6

4.5 29

95,8
66.5

108.1
83.®

97.3
82.4

96.0
86.9

105.1
100.5

128.7
120.9

157.5
141.6

168.6
146.9

155.7
139.7

133,5
127.9

136.6 30
132.1 31

32 GNP=GDP+n@t U.S. factor income

3179.8

3434.5

3801,5

4053.6

4277.8

4544.6

4908.2

5266.7

5567.8

5740.8

6025.8

6347.8 32

33 Disposable personal income
34 Personal saving (NIPA)
35 Saving rate (percent, NIPA)

2319.6
199.5
8.6%

2493.7
168.6
6.7%

2759.5
222.0
8.0%

2945.0
189.3
6,4%

3131.5
187.5
5.9%

3289,5
142.0
4.3%

3548.2
155.7
4.3%

3787.0
152.1
4. OX

4050.6
170.0
4.1%

4236.6
211.5
4.9%

4505.8
247.9
5.5%

4683.7 33
192.5 34
4.1% 35

36 Federal government surplus
37 St. 8 local government surplus

-135.5
26.9

-180,1
40.3

-166.8
58.1

-181.4
56.1

-201.1
54.4

-151.8
40.1

-136.6
38.4

-122.3
44.8

-163.6
25.0

-202.9
17.0

-282.7
24.8

-241.4 36
26.4 37

Corporate profits, taxes, and dividends:
Profits (book)
176.3
210.7
-.1
-.2
Farm
30.4
27.8
Foreign subsidiaries
15.6
24.5
Finane ial
133.0
156.0
Domestic nonfinancial

240.5
tt
31.1
20.5
189.0

225.0
M
30.8
28.7
165.5

217.9
0.2
32.9
35.8
149.0

287.9
-.1
39.5
36.4
212.1

347.6
0.6
49.1
41.9
256.1

343.0
0.5
59.5
50.6
232.4

365.7
O.S
68.0
65.6
231.3

365.2
1.1
68.5
84.3
211.3

395.9
1.2
60.7
81.9
2S2.2

462.4
1.2
65.2
103.8
292.3

38
39
40
41
42

19S2

1983

1984

1 GDP

3149.6

3405.1

3777.2

2 Current purchases
3
Household sector
4
Of which consumer durables
State and local governments
5
6
U.S. government

2666.S
2059.2
236.5
341.1
266.6

2909.9
2257.6
275.0
360.3
292.0

3161.0
2460.3
317.9
389.9
310.9

503.4
519.4
105.7
89.0
1.9
13.8
1.0

546.7
552.2
152.0
132.4
1.5
16,®
1.3
K

718.9
647.8
178.9
157.1
1.6
18.6
1.5
0.1

413.7
19.4
12.0
56.5
297.5
28.3

400.2
21.6
11.9
52.9
282.1
31.6

-16.0
5.8
-21.7
-1.0
-20.7

7 Gross domestic investment
Private fixed Investment
8
Residential construction
9
10
Household sector
Farm
11
Nonfar® noncorp. bus.
12
Nonfin. corporations
13
14
REITs
15
16
17
IS
19
20
21
22
23
24
25

Nonres. plant 3 equipment
HH sector(nonprof.Inst.)
Farm
Nonfarm noncorp. bus.
Nonfin. corporations
Financial corporations
Inventories
Farm
Nonfarm
Noncorporate
Corporate

26 Nat US exports of goodsSserv.
27
Exports
28 - Imports

38
39
40
41
42

M

1985

1992

1993

-65.3 26
659.1 27
724.3 28

43
44
45
46

Tax accruals
Farm
F inancial
Domestic nonfinancial

63.1
0.1
16.8
46.2

77.2
0.1
17.8
59.3

94.1
0.3
20.4
73.4

96.5
0.2
26.6
69.7

106.5
0.4
31.0
75.2

127.1
0.4
33.6
93.1

137.0
0.4
35.3
101.3

141.3
0.5
41.9
99.1

138.6
0.5
44.6
93.4

131.1
0,4
48.0
82.7

139.7
0.4
51.9
87.4

173.3
0.5
56.5
116.3

43
44
45
46

47
48
49
50
51

Dividends
Farm
Financial
Foreign subsidiaries
Domestic nonfinancial

70.0
0.3
-2.5
16.1
56.2

81.2
0.3
3.1
11.6
66.2

82.7
0.3
1.7
11.4
69.2

92.4
0.4
6.9
ll.l
74.1

109.8
0.5
16.7
16.3
75.9

106.2
0.2
13.6
14.7
77.7

115.4
0.8
4.2
29.2
81.1

134.6
0.7
6.0
26.7
101.2

153.5
0.8
10.1
25.2
117.4

160.0
0.8
14.4
20.9
123.9

171.1
1.3
11.4
23.4
135.0

191.7
1.3
17.5
14.5
158.5

47
48
49
50
51

52
53
54
55
56

Undistributed profits (book)
Farm
Financial
Foreign subsidiaries
Domestic nonfinancial

43.2
-.4
1.3
11.3
30.6

52.3
-.5
3.6
18.8
30.5

63.8
-.6
-1.8
19.7
46.4

36.2
-.6
-4.7
19.8
21.7

1.6
-.7
-11.8
16.2
-2.1

54.6
-.7
-10.9
24.8
41.3

95.2
-.7
2.4
19.9
73.6

67.1
-.6
2.8
32.8
32.2

73.6
-.4
10.7
42.8
20.5

74.1
-.1
21.9
47.6
4.7

85. 1
-.5
18.6
37-3
29.8

97.5
-.6
29.8
50.8
17.5

52
53
54
55
56

57
58
59
60

Capital cons, adjustment
Farm
Financial
Domestic nonfinancial

-14.9
0.9
-3.4
-12.4

10.4
1.1
-2.1
11.4

27.8
1.2
-1.6
28.1

55.5
1.5
-.2
54.1

44.1
1.3
-.9
43.6

46.5
1.6
-.3
45.1

44.7
2.1
-.3
43.0

37.4
2.5
-2.5
37.4

25.9
2.5
-9.5
32.8

19.4
1.6
-11.7
29.4

15.7
1.3
-14.0
28.4

29.5
1.0
-14.1
42.6

57
56
59
60

61 Capital consumption (w/CCAdj)
62
Household sector res.
63
Household sector nonres.
64
Farm noncorporate
Nonfarm noncorp. business
65
66
Total corporate
67
Farm
Financial
68
Domestic nonfinancial
69

399.1
58.8
12.1
21.3
63.1
243.7
1.6
14.6
227.5

413.5
61.0
13.0
21.6
65.2
257.7
1.7
15.9
240.1

433.3
63.4
14.0
21.7
68.4
265.9
1.7
18.1
246.1

454.5
67.7
15.0
21.4
72.7
277.8
1.7
20.2
256.0

478.6
70.2
16.1
21.0
77.1
294.2
1.7
23.3
269.2

502.2
75.0
17.4
20.5
81.5
307.7
1.6
26.9
279.2

534.0
80.0
19.0
20.1
87.2
327.7
1.6
30.9
295.1

580.3
92.1
20.8
20.3
94.7
352.4
1.7
35.9
314.8

602.7
93.2
22.5
19.9
98.8
368.2
1.6
40.0
326.6

626.5
97.4
24.0
19.8
102.0
383.3
1.7
43.0
338.6

658.5
111.6
25.3
19.9
105.Q
396.8
2.0
45.4
349.3

669.1
107.1
26.9
19.3
107.3
407.9
2.2
48.1
357.6

61
62
63
64
65
66
67
68
69

Memo:
Cap. cons, on consumer
70
durables not included above
71 Tot. cap. cons. incl. durables

214.1
613.1

224.4
642.8

236.1
669.4

257.1
711.6

278.2756.3

300.8
803.0

324.5
858.5

350.4
930.7

378.1
980.8

404.4
1030.9

430.1
1088.6

449.1 70
1118.1 71

-7.4

10.2

-9.2

-13.9

-24.8

-28.5

0.9

7.8

1.5

8.9

2.3 72

72 Statistical discrepancy

1.3

(1) Consists of net receipts from foreigners of interest, corporate profits,
and employee compensation.

BILLIONS OF DOLLARS




DECEMBER 7, 1994
Income and Product Distribution

Income and Product Distribution

F.l Income and Product Distribution

2

SEASONALLY ADJUSTED ANNUAL RATES
1991
IV

SEASONALLY ADJUSTED ANNUAL RATES

1992

I
1

I

II

III

IV

I
1

1993

II

I

III

IV

I
1

I

1994
II

III

1

5796.7

5896.7

5971.3

6043.6

6169.2

6235.8

6300.0

6359.3

6478.2

6574.7

6689.7

6786.4 GDP

1

2
3
4
5
6

5053.7
3955.7
461.2
659.7
438.3

5158.9
4044.4
480.1
669.3
445.2

5214.6
4097.8
483.3
673.6
443.2

5286.0
4154.0
495.7
679.1
452.9

5389.4
4251.3
511.6
683.3
454.8

5431.7
4294.6
516.1
690.2
446.9

5493.7
4347.3
531.2
701.2
445.2

5554.1
4401.2
541.9
710.2
442.7

5626.8
4469.6
562.3
717.4
439.8

5694.8
4535.0
576.2
722.0
437.8

5753.0
4586.4
580.3
731.5
435.1

5846.8 Current purchases
Household sector
4658.1
592.3
Of which consumer durables
744.3
State and local governments
444.4
U.S. government

2
3
4
5
6

7
8
9
10
11
12
13
14

756.8
742.4
198.7
182.4
1.1
14.0
1.1
0.2

747.7
754.0
209.8
192.8
1.1
14.5
1.2
0.2

787.9
784.0
222.0
204.3
1.2
15.2
1.2
0.1

795.4
790.2
224.4
206.5
1.3
15.1
1.3
0.2

822.0
812.7
239.1
218.7
1.3
16.5
1.4
1.2

853.7
833.7
243.9
224.3
1.3
16.6
1.4
0.3

869.7
851.1
241.8
222.3
1.2
16.7
1.4
0.2

882.2
868.3
249.3
228.3
1.2
17.3
1.4
1.0

922.5
913.5
267.2
246.1
1.4
17.3
1.4
1.0

966.6
942.5
277.1
255.6
1.6
17.8
1.5
0.6

1034.3
966.9
283.6
261.7
1.5
18.0
1.5
0.9

1054.1 Gross domestic investment
Private fixed investment
992.5
Residential construction
282.9
Household sector
260.9
1.6
Farm
Nonfarm noncorp. bus.
18.3
Nonfin. corporations
1.5
0.6
REITs

15
16
17
18
19
20

543.7
36.8
12.3
62.4
370.1
62. 1

544.2
37.1
13.1
52.3
376.3
65.5

562.0
37.1
11.8
56.8
391.2
65.2

565.8
37.6
11.6
57.2
392.3
67.2

573.6
38.7
12.6
56.7
389.3
76.4

589.8
39.7
13.2
64.2
402.8
69.8

609.3
40.8
14.2
66.1
417.6
70.6

619.0
41.3
14.1
67.5
419.3
76.7

646.3
41.4
14.3
72.7
439.7
78.2

665.4
43.2
16.4
78.0
452. 1
75.3

683.3
44.3
16.8
80.1
462.7
79.4

709.6
46.0
17.5
83.2
485.2
77.7

21
22
23
24
25

14.4
-2.3
16.7
0.8
15.9

-6.3
9.9
-16.2
-.8
-15.4

3.9
7.2
-3.3
-.2
-3.1

5.2
4.7
O.S
0.5

9.3
0.9
8.4
0.4
8.0

20.0
-1.6
21.6
1.1
20.5

18.6
-5.3
23.9
1.2
22.7

13.9
-10.3
24.2
1.2
23.0

9.0
-1.7
10.7
0.5
10.2

24.1
1.8
22.3
1.1
21.2

67.4
7.0
60.4
3.8
56.6

61.6
9.3
52.3
3.8
48.5

26
27
28

-13.8
623.7
637.5

-9.9
631.8
641.7

-31.2
632.7
663.9

-37.8
638.3
676.6

-42.2
649.2
691.4

-49.6
646.8
696.4

-63.4
660.1
723.5

-77.0
649.0
726.0

-71.1
680.3
751.4

-86.7
674.2
760.9

-97.6
704.5
802.1

X

Nonres. plant & equioment
HH sector(nonprof.inst.)
Farm
Nonfarm noncorp. bus.
Non£in. corporations
Financial corporations

Inventories
Farm
Nonfarm
Noncorporate
Corporate

-114.5 Net US exports of goodsSserv.
725.2
Exports
839.7 - Imports

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28

29

14.1

11.0

7.8

5.9

-2.2

8.0

3.3

8.5

-2.0

-.7

-7.4

30
31

145.7
131.6

139.3
128.3

139.4
131.6

130.7
124.8

124.6
126.8

130.2
122.2

137.6
134.3

137.1
128.6

141.3
143.3

145.4
146.1

162.1
169.5

29
-10.7 Memo: Net U.S. factor income
from rest of the world (1)
U.S. receipts
174.2
30
- U.S. payments
184.9
31

32

5810.8

5907.7

5979.1

6049.5

6167.0

6243.8

6303.3

6367.8

6476.2

6574.0

5682.3

6775.7 GNP=GDP+net U.S. factor income 32

33
34
35

4303.0
224.6
5.27.

4401.1
234.7
5.37.

4463.2
243.7
5.47.

4500.0
225.3
5.07

4658.8
287.4
6. IX

4598.1
184.4
4. OX

4678.6
214.0
4.5X

4700.5
182.2
3.37.

4777.6
139.5
3.97.

4832.7
175.5
3.6X

4913.5
201.1
4. OX

4986.5 Disposable personal income
198.4 Personal saving (NIPA)
3.9X Saving rate (percent, NIPA)

36
37

-245.9
25.1

-279.9
20.0

-284.7
25.8

-293.9
20.4

-272.2
33.1

-283.3
21.7

-237.1
25.4

-224.9
23.9

-220.1
34.5

-176.2
25.3

-145.0
27.1

36
-155.3 Federal government surplus
24.2 St. S local government surplus 37

38
39
40
41
42

373.1
1.0
70.9
84.6
216.6

397.0
1.2
63.6
100.8
231.4

413.6
1.2
63.7
91.3
257.4

359.5
1.2
60.7
48.7
248.9

413.4
1.3
54.6
86.6
270.9

432.7
1.1
67.4
96.1
268.1

456.6
1.2
62.8
100.2
292.4

458.7
1.2
69.0
104.0
284.5

501.7
1.3
61.7
114.7
324.0

483.4
1.3
61.0
89.6
331.5

Corporate profits, taxes, and dividends:
539.2
Profits (book)
523.1
1.4
1.4
F arm
Foreign subsidiaries
60.7
61.3
106.6
111.7
F inane ial
364.8
Domestic nonfinancial
354.4

43
44
45
46

133.1
0.4
47.7
85. 0

139.6
0.4
60.3
78.9

146.0
0.5
55.7
89.8

124.6
0.5
38.1
86.0

148.6
0.5
53.4
94.7

159.3
0.4
53.6
105.8

171.8
0.4
55.1
116.3

169.9
0.4
56.4
113.1

191.5
0.5
60.7
130.3

184.1
0.5
51.6
132.0

201.7
0.5
58.3
142.9

208.7
0.5
60.9
147.3

Tax accruals
Farm
Financial
Domestic nonfinancial

43
44
45
46

47
48
49
50
51

160.9
0.9
13.9
20.1
126.0

161.0
1.1
9.5
26.5
123.9

166.8
1.3
11.4
23.9
130.2

174.4
1.4
10.8
26.0
136.2

182.1
1.3
14.0
17.0
149.8

188.2
1.3
17.8
9.8
159.3

190.7
1.3
16.5
17.5
155.4

193.2
1.3
17.7
16.1
153.1

194.6
1.3
17.9
14.4
161.0

196.3
1.4
17.5
19.3
158.1

202.5
1.4
19.3
18.9
162.9

207.9
1.4
19.8
28.8
157.9

Dividends
Farm
Financial
Foreign subsidiaries
Domestic nonfinancial

47
48
49
50
51

52
53
54
55
56

79.1
-.3
23.0
50.8
5.6

96.4
-.4
31.0
37.1
28.7

100.8
-.5
24.2
39.8
37.3

60.5
-.7
-.2
34.7
26.7

82.7
-.5
19.2
37.6
26.4

84.7
-.7
24.7
57.6
3.1

94.1
-.5
28.6
45.3
20.7

95.6
-.6
29.9
52.9
13.4

115.6
-.5
36.1
47.3
32.7

103.0
-.5
20.5
41.7
41.3

118.9
-.5
29.0
41.3
48.6

122.6
-.5
31.0
32.5
59.6

Undistributed profits (book)
Farm
Financial
Foreign subsidiaries
Domestic nonfinancial

52
53
54
55
56

57
58
59
60

22.4
1.5
-12.0
32.9

19.0
1.4
-13.1
30.7

15.8
1.3
-13.9
28.4

10.9
1.2
-14.5
24.2

16.9
1.2
-14.6
30.3

21.0
1.1
-14.4
34.3

26.5
1.1
-14.2
39.6

31.7
1.0
-14.0
44.7

38.8
0.9
-13.9
51.3

37.0
0.9
-14.7
50.8

37.4
0.8
-15.5
52.1

37.5
0.7
-16.0
52.8

Capital cons, adjustment
Farm
Financial
Domestic nonfinancial

57
58
59
60

61
62
63
64
65
66
67
68
69

635.4
98.8
24.3
19.8
106.4
386.1
1.8
43.7
340.6

632.9
105.2
24.3
19.9
94.9
388.6
1.9
44.9
341.8

637.5
106.2
24.5
20.0
95.5
391.3
2.0
45.4
344.0

715.3
133.4
27.4
20.0
124.1
410.4
2.0
45.9
362.5

648.4
101.5
24.9
19.7
105.5
396.8
2.1
45.6
349.1

662.9
100.8
26.7
19.5
113.7
402.3
2.1
47.6
352.6

662.0
100.6
26.6
19.2
110.3
404.8
2.2
47.5
355.1

677.3
124.6
27.2
19.2
93.0
413.3
2.2
48.7
362.4

674.0
102.5
27.1
19.4
113.8
411.1
2.2
48.5
360.4

734.1
127.5
30.6
19.6
124.2
432.2
2.2
48.7
381.3

698.1
106.7
29.1
19.3
116.7
425.9
2.2
51.7
372.0

709.8 Capital consumption (w/CCAdj)
Housenold sector res.
108.5
Household sector nonres.
29.6
Farm noncorporate
20.0
Nonfarm noncorp. business
119.1
Total corporate
432.6
Farm
2.2
Financial
52.6
Domestic nonfinancial
377.9

70
71

410.1
1045.5

424.5
1057.4

428.5
1066.0

439.7
1155.0

427.7
1076.1

445.0
1107.9

444.4
1106.4

454.6
1131.9

452.4
1126.4

504.3
1238.4

479.6
1177.7

72

-1.9

2.0

11.5

3.9

18.1

25.2

5.9

-5.4

-16.5

-36.2

-24.3




38
39
40
41
42

61
62
63
64
65
66
67
68
69

Memo:
Cap. cons, on consumer
70
durables not included above
487.7
1197.5 Tot. cap. cons. incl. durables 71
-21.7 Statistical discrepancy

(1) Consists of net receipts from foreigners of interest, coroorate profits,
and employee compensation.

BILLIONS OF DOLLARS

33
34
35

72

DECEMBER 7, 1994
Funds Raised

Funds Raised

F.2-F.5 Funds Raised in Credit and Equity Markets

3

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.2 Credit Market Borrowing by Nonfinancial Sectors
420.8

562.2

767.8

937.6

854.3

733.0

762.8

729.0

635.6

475.8

536.1

628.1

1

U.S. government
Treasury securities
Budget agency secur.Smtgs.

161.3
162.2
-.9

185.2
185.3
-.1

197.2
197.4
-.2

225.7
225.8
-.1

216.0
215.6
0.4

143.9
142.4
1.5

155.1
137.7
17.4

146.4
144.7
1.6

246.9
238.7
8.2

278.2
292.0
-13.8

304.0
303.8
0.2

256.1
248.3
7.8

2
3
4

Private, by transaction
Tax-exempt securities
Corporate bonds
Mortgages
Home
Multifamily
Commercial
Farm

259.5
53.1
30.7
92.8
56.5
5.5
26.7
4.1

377.0
54.4
26.0
187.7
117.6
15.3
52.5
2.4

570.6
58.7
48.1
222.4
136.2
25.1
62.3
-1.2

712.0
179.5
83.2
261.7
172.3
30.3
65.6
-6.6

638.3
41.4
127.1
305.6
204.2
36.4
75.1
-10.1

589.1
75.5
78.8
335.7
241.6
24.9
76.2
-6.9

607.7
46.3
103.1
299.9
234.9
17.5
52.2
-4.8

582.7
69.8
73.8
281.2
224.5
11.5
47.8
-2.5

388.7
48.7
47.1
199.S
185.6
4.8
9.3
-.3

197.5
68.7
78.8
161.4
163.8
-3.1
0.4
0.4

232.1
31.1
67.5
123.9
179.5
-11.2
-45.5
1.1

372.0 5
78.1
6
75.2 7
155.6 8
183.9
9
-6.1 10
-22.5 11
0.5 12

16.4
52.8
-6.1
20.0

48.9
22.3
-.8
38.6

81.7
64.0
21.7
74.0

82.3
43.8
14.6
47.0

57.5
58.9
-9.3
57.1

32.9
14.7
1.6
49.9

50.1
38.2
11.9
58.2

45.8
27.3
21.4
63.3

16.0
0.4
9.7
67.4

-15.0
-40.9
-18.4
-37.1

5.5
-13.8
8.6
9.2

62.3
5.0
10.0
-14.3

13
14
15
16

259.5
83.2
146.0
6.7
71.2
68.1
30.4

377.0
185.3
157.1
3.9
72.2
81.0
34.6

570.6
225.7
309.1
-. 4
111.6
197.9
35.7

712.0
299.1
278.0
-14.5
123.3
169.2
134.9

638.3
268.1
315.3
-16.9
99.1
233.0
54.9

589.1
285.4
223.7
-ll.l
75.0
164.8
75.1

607.7
291.4
274.8
-10.2
60.4
224.5
41.5

582.7
281.6
233.1
0.6
40.3
192.1
68.0

388.7
218.9
123.7
2.3
10.1
111.3
46.0

197.5
170.9
-35.9
2.1
-23.5
-9.6
62.6

232.1
217.7
-2.0
1.0
-43.9
40.9
16.4

372.0
284.5
21.9
2.0
-26.0
45.8
65.7

17
18
19
20
21
22
23

16.0
6.6
-5.5
1.9
13.0

17.3
3.1
3.6
6.5
4.1

8.4
3.8
-6.6
6.2
5.0

1.2
3.3
-2.8
6.2
-6.0

9.7
3.1
-1.0
11.5
-3.9

6.2
7.4
-3.6
3.8
-1.4

6.4
6.9
-1.8
8.7
-7.5

10.2
4.9
-.1
13.1
-7.6

23.9
21.4
-2.9
12.3
-7.0

13.9
14.1
3.1
6.4
-9.8

21.3
14.4
2.3
5.2
-.6

46.9
59.4
0.7
-9.0
-4.2

24
25
26
27
28

436.8

579.5

776.1

938.3

864.0

739.2

769.2

739.2

659.4

489.6

557.4

675.0 29

1 Domestic

2
3
4
5
6
7
8
9
10
11
12

13
14
15
16

17
18
19
20
21
22
23

Consumer credit
Bank loans n.e.c.
Commercial paper
Other loans

Private, by sector
Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
State and Local govts.

24 Fgn. borrowing in U.S.
25
Bonds
26
Bank loans n.e.c.
27
Commercial paper
28
U.S. govt, and other loans

29 Domestic and foreign

F. 3 Credit Market Borrowing by Financial Sectors
93.0

102.0

157.0

204.1

327.0

293.7

249.5

225.1

202.9

152.6

237.1

286.1

1

U.S. government-related
GSE securities
Mortgage pool securities
Loans from U.S. government

64.9
14.9
49.5
0.4

67.8
1.4
66.4
-

74.9
30.4
44.4
-

101.5
20.6
79.9
1.1

173.1
15.2
163.3
-.4

171.8
30.2
142.3
-.8

119.8
44.9
74.9
-

149.5
25.2
124.3
-

167.4
17.1
150.3
-.1

145.7
9.2
136.6

155.8
40.3
115.6

161.2
80.6
80.6
-

2
3
4
5

Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open market paper
Fed. Home Loan Bank loans

28.1
14.8
0.1
2.5
9.9
0.3

34.2
17.4

2.5
21.3
-7.0

82.2
36.3
0.4
5.7
24.0
15.7

102.5
56.5
0.1
-.2
32.0
14.2

148.9
92.3
0.3
12.3
24.2
19.8

121.9
78.6
0.3
-8.3
26.9
24.4

129.7
52.2
0.3
2.7
54.8
19.7

75.7
41.5
0.3
13.5
31.3
-11.0

35.5
46.3
0.6
4.7
8.6
-24.7

6.8
67.6
0.5
8.8
-32.0
-38.0

81.3
78.5
0.6
2.2
-.7
0.3

125.0
6
118.3 7
3.6 8
-14.0
9
-6.2 10
23.3 11

12 By sector

93.0

102.0

157.0

204.1

327.0

293.7

249.5

225.1

202.9

152.6

237.1

286.1 12

13
14

Govt.-spons. enterprises
Fed. related mortgage pools

15.3
49.5

1.4
66.4

30.4
44.4

21.7
79.9

14.9
163.3

29.5
142.3

44.9
74.9

25.2
124.3

17.0
150.3

9.1
136.6

40.2
115.6

80.6 13
80.6 14

15
16
17
18
19
20
21
22
23
24
25
26

Private financial sectors
Commercial banks
Bank holding companies
Funding corporations
Savings institutions
Credit unions
Life insurance companies
Finance companies
Mortgage companies
REITs
Brokers and dealers
ABS issuers

28.1
11.7
7.1
3.4
1.1
3.3
1.6

34.2
5.0
13.3
3.2
-6.6
14.9
0.6
-.3
0.4
3.7

82.2
7.3
16.1
1.2
20.1
23.9
1.5
0.8
0.7
10.7

102.5
-4.9
16.6
10.7
20.7
40.7
1.2
1.2
0.3
16.0

148.9
-3.6
10.7
12.0
24.1
51.5
9.0
1.2
2.1
42.0

121.9
6.2
14.3
9.7
28.3
23.2
-11.2
1.7
-.1
49.9

129.7
-3.0
5.2
38.0
21.7
23.9

75.7
-1.4
6.2
12.5
-15.1
27.4
10.1
1.4
6.3
28.3

35.5
-.7
-27.7
15.4
-30.2
24.0
w
0.8
1.5
52.3

6.8
-11.7
-2.5
-6.5
-44.5
18.6
-2.4
1.2
3.7
51.0

81.3
8.8
2.3
13.2
-6.7

I By transaction
2
3
4
5

6
7
8
9
10
11

X

-

X

X

2.0
4.3
37.6

X

X

-3.6
8.0
0.3
2.7
56.3

125.0
5.6
8.8
2.9
11.1
0.2
0.2
0.2
-1 . 0
3.5
12.0
81.5

15
16
17
18
19
20
21
22
23
24
25
26

X
X

F.4 Credit Market Borrowing, All Sectors, by Transaction
1 Total
2
U.S. government securities
3
Tax-exempt securities
4
Corporate and foreign bonds
5
Mortgages

6
7
8
9

Consumer credit
Bank loans n.e.c.
Open market paper
Other loans

529.8
225.9
53.1
52.1
92.7

631.5
253.1
54.4
46.5
187.7

933.2
272.2
58.7
88.2
222.7

1142.9
326.2
179.5
143.4
261.7

1191.0
394.5
41.4
222.5
305.8

1032.9
316.4
75.5
164.7
336.0

1018.7
274.9
46.3
162.2
300.2

964.4
295.8
69.8
120.2
281.6

862.3
414.4
48.7
114.7
200.1

642.2
424.0
68.7
160.5
161.9

794.5
459.8
31.1
160.4
124.5

961.2
417.3
78.1
252.9
159.2

1
2
3
4
5

16.4
49.3
5.7
34.2

48.9
28.4
26.9
35.7

81.7
63.1
51.9
94.7

82.3
40.7
52.8
56.3

57.5
70.2
26.4
72.7

32.9
2.8
32.3
72.2

50.1
39.1
75.4
70.5

45.8
40.7
65.9
44.7

16.0
2.2
30.7
35.6

-15.0
-29.1
-44.0
-84.9

5.5
-9.4
13. 1
9.5

62.3
-8.3
-5.1
4.7

6
7
8
9

F.5 Funds Raised Through Mutual Funds and Corporate Equities

1 Total net issues
2
Mutual funds
3
Corporate equities
4
Nonfinancial
5
Financial
Foreign shares purchased
6
by U.S. residents
BILLIONS OF DOLLARS




17.0
9.4
7.6
1.9
4.3

56.0
29.3
26.7
20.0
3.0

-45.3
27.3
-72.6
-79.0
5.5

23.7
88.7
-65.0
-84.5
15.8

95.0
160.9
-65.9
-85.0
18.0

13.0
70.2
-57.2
-75.5
20.4

-96.7
6.1
-102.8
-129.5
25.8

-69.8
37.2
-98.0
-124.2
9.0

19.7
65.3
-45.6
-63.0
10.0

215.4
151.5
64.0
18.3
15.1

296.0
211.9
84.1
27.0
26.4

436.9
316.3
120.1
21.3
38.2

1
2
3
4
5

1.4

3.7

0.9

3.7

1.2

-2.1

0.9

17.2

7.4

30.7

30.7

60.6

6

DECEMBER 7, 1994
Funds Raised

Funds Raised
F.2-F.5 Funds Raised in Credit and Equity Markets

4

SEASONALLY ADJUSTED ANNUAL RATES
1991
IV

|
1

SEASONALLY ADJUSTED ANNUAL RATES

1992

I

III

II

IV

1
1

1993
I

II

III

IV

1
1

1994
II

I

III

F.2 Credit Market Borrowing by Nonfinancial Sectors
1

454.2

618.4

505.1

564.8

456.0

481.4

740.5

613.3

677.2

651.2

543.4

612.3 Domestic

1

2
3
4

275.3
271.5
3.8

331.3
342.4
-11.2

347.4
347.0
0.4

294.6
285.5
9.0

242.7
240.0
2.7

240.5
237.4
3.2

336.4
332.3
4.1

173.4
157.2
16.3

274.2
266.5
7.7

210.6
211.8
-1.3

122.9
118.2
4.7

134.1
129.8
4.4

U.S. government
Treasury securities
Budget agency secur.&mtgs.

2
3
4

5
6
7
8
9
10
11
12

178.9
81.8
60.2
180.6
206.5
1.8
-28.5
0.9

287.1
42.5
76.5
195.9
233.2
10.2
-46.9
-.6

157.7
52.1
77.8
52.5
92.6
-16.9
-25.9
2.7

270.3
45.6
61.7
160.7
227.4
-11.5
-58.0
2.8

213.3
-15.8
54.0
86.6
164.9
-26.5
-51.4
-.5

240.9
88.7
85.7
99.8
120.9
-5.5
-15.7
0.2

404.1
130.3
75.7
152.2
193.5
-11.4
-30.9
1.0

439.9
66.2
72.0
222.1
236.5
-4.9
-9.9
0.4

403.0
27.4
67.4
148.5
184.5
-2.6
-33.6
0.2

440.6
22.6
35.1
151.5
180.2
-6.1
-23.4
0.8

420.5
-9.8
38.9
162.2
144.9
4.3
7.1
6.0

478.1
-41.2
24.6
219.4
199.6
7.1
8.9
3.7

Private, by transaction
Tax-exempt securities
Corporate bonds
Mortgages
Home
Multifamily
Commercial
Farm

13
14
15
16

-10.3
-71.9
-7.5
-54.0

-4.6
-30.8
10.3
-2.7

-15.0
-20.5
-2.0
12.8

12.0
-23.0
4.0
9.3

29.6
19.1
22.3
17.5

20.3
-16.2
-14.1
-23.3

41.6
-.2
33.2
-28.6

76.2
7.8
17.2
-21.7

111.3
28.5
3.8
16.2

72.7
74.2
8.0
76.5

121.9
73.0
16.4
17.8

127.1
93.5
33.3
20.9

17
18
19
20
21
22
23

178.9
218.1
-118.5
-.4
-53.2
-64.9
79.2

287.1
238.6
13.3
-.2
-22.1
35.6
35.2

157.7
121.0
2.2
5.1
-45.3
42.4
34.5

270.3
261.6
-25.4
1.6
-54.3
27.4
34.1

213.3
249.6
1.9
-2.4
-53.9
58.2
-38.2

240.9
167.5
-11.6
-2.3
-28.6
19.3
85.0

404.1
264.1
26.7
2.7
-33.4
57.4
113.2

439.9
368.5
24.1
4.1
-26.2
46.3
47.3

403.0
337.7
48.2
3.6
-15.6
60.2
17.1

440.6
299.4
131.4
3.1
8.4
119.9
9.9

420.5
303.6
144.7
11.8
16.5
116.4
-27.8

478.1
370.5
156.4
3.6
26.9
125.9
-48.8

24
25
26
27
28

34.8
18.5
6.5
14.9
-5.1

-3.8
1.0
1.5
-8.0
1.8

55.0
18.7
14.1
27.8
-5.6

30.6
12.1
3.9
13.1
1.4

3.6
26.0
-10.3
-12.1

38.9
66.5
1.5
-21.7
-7.5

42.8
45.3
6.6
-.6
-8.4

83.1
84.5
1.0
-1.6
-.8

22.9
41.4
-6.3
-12.0
-.1

-66.3
29.0
6.0
-101.8
0.5

-1.9
11.1
-.8
-5.2
-7.0

29

489.0

614.6

560.1

595.4

459.6

520.3

783.3

696.4

700.2

584.9

541.5

608.9 Domestic and foreign

X

Consumer credit
Bank loans n.e.c.
Commercial paper
Other loans
Private, by sector
Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
State and local govts.

-3.4 Fgn. borrowing in U.S.
6.6
Bonds
0.9
Bank loans n.e.c.
-8.1
Commercial paper
-2.7
U.S. govt, and other loans

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

24
25
26
27
28
29

F.3 Credit Market Borrowing by Financial Sectors

1

236.5

191.9

251.7

306.1

198.3

180.4

175.5

438.9

349.8

477.0

294.9

345.6 By transaction

1

2
3
4
5

151.4
32.6
118.9
-.1

130.4
11.5
118.9
-

188.2
48.3
139.9

171.9
67.7
104.3
-

132.6
33.6
99.2
-.1

169.4
32.2
137.2

56.6
68.8
-12.2
-

287.3
167.8
119.5
-

131.3
53.4
77.9
-

320.8
160.0
180.0
-19.2

245.2
1*6.6
98.6
-

224.9
152.1
72.8
-

U.S. government-related
GSE securities
Mortgage pool securities
Loans from U.S. government

2
3
4
5

6
7
8
9
10
11

85.0
90.2
0.9
23.4
-9.9
-19.5

61.5
51.8
0.9
20.4
-.5
-11.2

63.5
80.5
0.1
-5.7
-13.8
2.3

134.1
84.5
0.4
18.0
18.0
13.2

66.1
97.0
0.9
-24.1
-6.5
-1.1

11.0
99.0
1.4
-34.6
-75.1
20.4

118.9
92.4
1.4
12.8
-16.2
28.4

151.6
143.4
6.2
-16.1
-9.4
27.4

218.5
138.3
5.5
-18.0
76.0
16.8

156.2
148.6
0.2
-18.3
36.6
-10.8

49.7
59.9
0.6
-45.1
2.1
32.3

120.7
65.3
0.1
-17.6
42.1
30.7

Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open market paper
Fed. Home Loan Bank loans

6
7
8
9
10
11

12

236.5

191.9

251.7

306.1

198.8

180.4

175.5

438.9

349.8

477.0

294.9

345.6 By sector

13
14

32.5
113.9

11.5
118.9

48.3
139.9

67.7
104.3

33.5
99.2

32.2
137.2

68.8
-12.2

167.8
119.5

53.4
77.9

140.8
180.0

146.6
98.6

152.1
72.8

Govt.-spons. enterprises
Fed. related mortgage pools

13
14

15
16
17
18
19
20
21
22
23
24
25
26

85.0
-9.5
7.0
13.9
-24.9
20.5
22.2
2.9
3.2
49.8

61.5
1.7
10.9
18.8
-19.1
-

63.5
6.5
-9.2
16.3
-8.8
*
-3.5
-3.3
1.3
13.5
50.7

134.1
12.6
6.6
14.0
6.3

66.1
14.5
0.8
3.6
-5.4
0.1
-.2
1.0
-6.4
-5.6
-4.0
67.7

11.0
3.5
21.1
-31.4
9.7

113.9
11.3
1.3
-1.6
12.6
0.3
0.6
-13.6
32.4
1.3
13.7
60.5

151.6
6.5
0.5
7.9
13.5
0.3
-.1
17.5
-.8
6.0
14.6
85.8

218.5
1,2
12.2
36.7
8.8
0.1
0.4
16.3
-10.4
6.2
29.3
117.6

156.2
2.0
3.5
47.4
-5.6
0.1

49.7
12.4
8.2
-17.1
5.8
0.2

120.7
22.3
11.7
47.0
14.3
0.5

Private financial sectors
Commercial banks
3ank holding companies
Funding coroorations
Savings institutions
Credit unions
Life insurance companies
Finance companies
Mortgage companies
REITs
Brokers and dealers
ABS issuers

15
16
17
18
19
20
21
22
23
24
25
26

X

-27.3
27.5
3.2
2.9
42.9

X

0.2
15.2
14.4
2.3
-1.6
64.0

X

0.1
-19.6
-25.2
0.4
-9.5
62.0

x

63.3
-27.6
1.2
-9.9
81.8

X

X

67.0
-33.2
2.2
0.3
4.0

16.9
-10.0
2.3
-7.6
22.3

12

F..4 Credit Market Borrowing, All Sectors, by Transaction

1
2
3
4
5

725.5
426.9
81.8
168.9
181.5

806.5
461.7
42.5
129.2
196.7

811.8
535.6
52.1
177.0
52.6

901.5
466.5
45.6
158.3
161.2

658.4
375.5
-15.8
177.0
87.4

700.7
409.9
88.7
251.2
101.2

958.8
393.0
130.3
213.4
153.5

1135.3
460.7
66.2
299.9
223.3

1050.0
405.5
27.4
247.1
154.0

1061.9
550.5
22.6
212.6
151.3

336.4
368.1
-9.8
109.8
162.7

954.5 Total
359.0
U.S. government securities
-41.2
Tax-exempt securities
96.5
Corporate and foreign bonds
219.6
Mortgages

1
2
3
4
5

6
7
8
9

-10.3
-42.1
-2.5
-78.7

-4.6
-8.9
1.8
-12.0

-15.0
-12.0
11.9
9.6

12.0
-1.1
35.1
23.9

29.6
- 15.3
3.7
16.3

20.3
-49.2
-110.9
-10.4

41.6
19.2
16.4
-8.7

76.2
-7.3
6.3
4.9

111.3
4.2
67.7
32.9

72.7
61.9
-57.2
47.0

121.9
27.1
13.3
43.1

127.1
76.8
67.8
49.0

6
7
8
9

117.4 Total net issues
131.2
Mutual funds
-13.8
Corporate equities
-50.0
Nonfinancial
21.6
Financial
Foreign shares purchased
14.6
by U.S. residents

Consumer credit
Bank loans n.e.c.
Open market paper
Other loans

F.5 Funds Raised Through Mutual Funds and Corporate Equities

1
2
3
4
5

282.0
192.7
89.3
48.0
17.6

301.5
198.3
103.2
46.0
28.1

274.5
200.4
74.0
36.0
26.9

313.2
243.4
69.7
12.0
22.9

294.8
205.4
89.4
14.0
27.7

343.9
268.9
75.0
8.2
35.2

471.9
358.0
113.9
23.2
38.6

498.0
348.9
149.1
32.3
38.2

434.0
291.5
142.4
21.5
40.9

214.5
114.0
100.5
-9.6
40.7

213.6
152.7
55.8
-2.0
29.0

6

23.7

29.1

11.1

34.8

47.3

31.6

52.1

78.6

80.0

69.4

38.9

BILLIONS OF DOLLARS.




1
2
3
4
5

6

-EMBER 7, 1>
otal Claims

Total Claims
F.6-F.7 Total Claims

5

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1991

1990

1992

1993

F.6 Total Net Borrowing and Lending in Credit Markets (1)

529.8

681.5

933.2

1142.9

1191.0

1032.9

1018.7

964.4

862.3

642.2

794.5

961.2

1

2
3
4
5
6
7
8
9

Domestic nonfinan. sectors
U.S. government
Private domestic
Household sector
Farm business
Nonfarm noncorp. bus.
Nonfin. corporate bus.
State and local govts.

420.8
161.3
259.5
83.2
6.7
71.2
68.1
30.4

562.2
185.2
377.0
185.3
3.9
72.2
81.0
34.6

767.8
197.2
570.6
225.7
-.4
111.6
197.9
35.7

937.6
225.7
712.0
299.1
-14.5
123.3
169.2
134.9

854.3
216.0
638.3
268.1
-16.9
99.1
233.0
54.9

733.0
143.9
589.1
285.4
-11.1
75.0
164.8
75.1

762.8
155.1
607.7
291.4
-10.2
60.4
224.5
41.5

729.0
146.4
582.7
281.6
0.6
40.3
192.1
68.0

635.6
246.9
388.7
218.9
2.3
10.1
111.3
46.0

475.8
278.2
197.5
170.9
2.1
-28.5
-9.6
62.6

536.1
304.0
232.1
217.7
1.0
-43.9
40.9
16.4

628.1
256.1
372.0
284.5
2.0
-26.0
45.8
65.7

2
3
4
5
6
7
8
9

10
11
12
13
14
15
16
17
18
19
20
21
22
23

Rest of the world
Financial sectors
Govt.-spons. enterprises
Fed. related mtg. pools
Commercial banks
Bank holding companies
Funding corporations
Thrift institutions
Life insurance companies
Finance companies
Mortgage companies
REITs
Brokers and dealers
ABS issuers

16.0
93.0
15.3
49.5
11.7
7.1
3.4
1.1
3.3
1.6
*
-

17.3
102.0
1.4
66.4
5.0
13.3
3.2
-6.6
14.9
0.6
-.3
0.4
3.7

8.4
157.0
30.4
44.4
7.3
16.1
1.2
20.1
23.9
1.5
0.8
0.7
10.7

1.2
204.1
21.7
79.9
-4.9
16.6
10.7
20.7
40.7
1.2
1.2
0.3
16.0

9.7
327.0
14.9
163.3
-3.6
10.7
12.0
24.1
51.5
9.0
1.2
2.1
42.0

6.2
293.7
29.5
142.3
6.2
14.3
9.7
28.3
23.2
-11.2
1.7
-.1
49.9

6.4
249.5
44.9
74.9
-3.0
5.2
38.0
21.7
23.9

23.9
202.9
17.0
150.3
-.7
-27.7
15.4
-30.2
24.0

0.8
1.5
52.3

13.9
152.6
9.1
136.6
-11.7
-2.5
-6.5
-44.5
18.6
-2.4
1.2
3.7
51.0

21.3
237.1
40.2
115.6
8.8
2.3
13.2
-6.7

2.0
4.3
37.6

10.2
225.1
25.2
124.3
-1.4
6.2
12.5
-15.1
27.4
10.1
1.4
6.3
28.3

46.9
286.1
80.6
80.6
5.6
8.8
2.9
11.3
0.2
0.2
-1.0
3.5
12.0
81.5

10
11
12
13
14
15
16
17
18
19
20
21
22
23

529.8

681.5

933.2

1142.9

1191.0

1032.9

1018.7

964.4

862.3

642.2

794.5

961.2 24

90.3
41.6
4.5
20.7
23.5
15.9

154.2
93.3
7.1
17.9
35.8
9.7

139.9
94.6
9.5
10.5
25.4
17.1

295.3
161.5
4.9
4.3
124.5
17.8

41.7
-28.1
3.9
20.3
45.5
9.7

222.0
176.2
-6.0
18.9
33.0
-7.9

224.3
196.7
2.7
6.0
19.3
-10.6

137.3
94.7
-.8
13.7
29.3
-3.1

190.1
157.2
-1.7
-3.7
38.3
33.7

-7.5
-39.6
-3.7
6.7
29.2
10.5

72.0
70.7
-l.l
29.2
-26.8
-11.9

6.8
-9.6
-3.2
18.0
1.5
-18.4

25
26
27
23
29
30

31.5
392.1
16.0
49.5
7.7

29.8
487.9
3.4
66.4
14.7

70.2
706.0
29.3
44.4
8.4

68.6
761.3
25.3
79.9
18.4

105.5
1034.2
17.5
163.3
19.4

65.2
753.5
24.5
142.3
24.7

112.4
692.1
33.2
74.9
10.5

86.6
743.8
-4.1
124.3
-7.3

85.5
553.0
13.9
150.3
8.1

26.6
612.5
15.2
136.6
31.1

100.5
633.9
69.0
115.6
27.9

126.0
846.8
90.2
80.6
36.2

31
32
33
34
35

113.1
110.7
2.2
-2.2
2.4
0.1
24.1
42.4
5.0
48.6
21.7

143.3
136.5
3.7
1.5
1.6
1.5
135.3
52.5
1.7
40.6
9.1

174.0
158.7
12.9
0.9
1.5
0.1
155.9
54.1
11.7
39.1
35.8

188.4
165.6
16.4
3.7
2.7
0.7
89.8
74.4
26.1
71.5
21.7

198.1
162.5
35.0
-.3
0.9
2.6
109.3
86.9
42.7
67.7
43.8

135.4
99.2
34.2
2.0
0.1
2.2
136.6
91.7
39.5
33.6
30.0

156.5
126.4
29.4
-.1
0.8
4.0
114.8
104.0
29.2
29.2
17.6

177.2
146.1
26.7
2.8
1.6
8.3
-90.0
101.8
29.7
81.1
46.1

125.1
94.9
28.4
-2.8
4.5
16.1
-154.0
94.4
26.5
17.2
34.9

80.8
35.7
48.5
-1.5
-1.9
15.8
-123.5
83.2
32.6
85.7
46.0

95.3
69.5
16.5
5.6
3.7
23.5
-61.3
79.1
12.8
37.3
34.4

142.2 36
149.6 37
-9.8 38
X 39
2.4 40
18.1 41
-2.0 42
105.1 43
33.3 44
40.2 45
25.5 46

8.2
2.2
4.7
0.5
29.5

25.3
0.9
9.8
-.2
-17.7
0.1
-10.6
3.0
9.1

35.7
2.1
17.9
-.5
45.0
0.8
28.6
9.9
13.7

46.4
3.2
68.7
1.4
13.9
2.4
4.1
15.1
9.7

42.6
11.8
123.1
2.9
34.1

47.6
-12.7
25.8
4.0
1.8
1.0
-35.0
48.1
12.5

38.1
5.2
11.9
17.9
10.7
0.9
-16.3
35.9
13.9

32.0
20.1
23.8
6.6
67.1
0.5
80.2
27.1
19.7

29.0

-12.7
11.2
90.3
14.7
30.1
-.7
17.5
48.9
10.0

1.7
0.1
123.7
17.4
1.3
1.1
-6.9
53.8
8.0

164.0
10.2
12.9
0.6
9.2
80.1
9.5

1 Total net borrowing

24 Total net lending
25
26
27
28
29
30

Private dom. nonfin. sectors
Household sector
Nonfarm noncorp. business
Nonfin. corporate business
State 8 local governments
U.S. government

31
32
33
34
35

Rest of the world
Financial sectors
Govt.-spons. enterprises
Fed. related mtg. pools
Monetary authority

36
37
38
39
40
41
42
43
44
45
46

Commercial banking
U.S.-chartered banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas
Funding corporations
Thrift institutions
Life insurance cos.
Other insurance cos.
Private pension funds
St.Sloc.govt. rtr. funds

47
48
49
50
51
52
53
54
55

Finance companies
Mortgage companies
Mutual funds
Closed-end funds
Money mkt. mutual funds
REITs
Brokers and dealers
ABS issuers
Bank personal trusts

X

15.2
3.6

X

8.1
41.2
18.5

X

X

X
41.4
0.2
80.9
-.7
2.8
51.1
15.9

X

-3.6
8.0
0.3
2.7
56.3

-9.0 47
X 48
49
50
51
52
53
54
55

(1) Excludes corporate equities and mutual fund shares.

F.7 Total Liabilities and Their Relation to Total Financial Assets

1
2
3
4
5
6
7

Net flows through credit markets
(from preceding table)
529.8
Other financial sources:
3.6
Official foreign exchange
SDR certificates
1.3
Treasury currency
0.4
Life insurance reserves
7.2
Pension fund reserves
170.9
-2.4
Interbank claims

631.5

933.2

1142.9

1191.0

1032.9

1018.7

964.4

862.3

642.2

794.5

961.2

1

1.1
0.5
8.0
168.2
-3.3

2.2
0.6
5.2
157.2
13.9

3.0
0.1
0.4
10.7
271.7
29.7

-.6
0.3
0.5
17.5
289.1
31.2

-9.7
0.5
26.0
201.3
45.4

4.0
0.5
25.3
132.3
2.0

24.8
3.5
0.6
28.8
321.2
-16.2

2.0
1.5
1.0
25.7
165.1
35.4

-5.9

0.8

25.7
360.3
-3.9

-1.6
-2.0
0.2
27.3
249.7
61.7

0.4
35.2
304.7
42.1

2
3
4
5
6
7

X

8
9
10
11
12
13

Checkable dep. and curr.
Small time a savings dep.
Large time deposits
Money market fund shares
Security RPs
Foreign deposits

37.8
139.6
23.8
32.7
32.0
2.0

39.5
216.6
-11.3
-40.4
11.9
6.5

46.9
151.3
86.8
54.2
35.5
-1.9

83.8
142.6
17.1
10.2
26.5
7.1

124.4
129.4
3.6
48.3
48.1
27.6

3.9
77.1
49.8
24.0
-11.4
8.6

42.7
122.8
53.2
21.9
23.7
23.0

6.4
98.7
16.9
90.1
77.8
35.7

43.3
63.7
-66.1
70.3
-24.2
38.2

86.4
1.5
-58.5
41.2
-16.5
-16.7

113.8
-57.2
-73.2
3.9
35.5
-7.2

117.3
-70.3
-23.5
15.8
65.5
-22.1

8
9
10
11
12
13

14
15
16
17
18
19
20
21

Mutual fund shares
Corporate equities
Security credit
Trade debt
Taxes payable
Noncorp. proprietors’ equity
Inv. in bank personal trusts
Miscellaneous

9.4
7.6
5.9
9.5
-2.6
-82.9
-1.9
136.7

29.3
26.7
13.6
44.5
4.6
-76.5
3.2
130.4

27.3
-72.6
4.5
45.6
4.4
-72.3
15.1
158.7

88.7
-65.0
43.3
48.0
0.7
-58.6
10.2
177.9

160.9
-65.9
9.9
27.6
5.6
-34.6
18.1
163.8

70.2
-57.2
-27.4
57.1
5.4
-70.0
13.2
230.6

6.1
-102.8
3.0
80.7
5.3
-23.5
2.2
211.8

37.2
-98.0
15.6
68.2
2.4
-25.8
19.6
313.8

65.3
-45.6
3.5
37.0
-4.8
-28.3
29.7
135.7

151.5
64.0
51.4
3.6
-6.2
-3.3
16.1
197.2

211.9
84.1
4.2
41.5
8.5
18.4
-7.1
257.6

316.8
120.1
61.9
49.0
4.6
-10.2
1.6
302. 1

14
15
16
17
18
19
20
21

1060.4
22 Total financial sources
- Floats not incl. in assets
Check, dep.:
U.S. govt.
23
0.3
24
Other
-1.8
25
Trade credit
10.7
- Liabs. not identified as assets
26
Treasury currency
-.2
27
Interbank claims
-1.1
28
Security RPs
1.3
29
Taxes payable
6.1
30
Miscellaneous
-1.6
Totals identified to sectors
31
as assets
1046.7

1254.4

1595.6

1991.0

2196.0

1670.2

1652.6

1985.7

1410.6

1530.2

1764.5

2273.0 22

1.6
2.6
-21.3

0.5
-1.9
-18.6

1.3
0.8
-3.0

-.6
-8.9
-8.6

0.4
-10.8

1.6
0.8
-15. 1

8.4
-2.2
7.0

3.3
8.5
9.1

-13.1
4.5
9.7

0.7
1.6
4.1

-1.5 23
-1.3 24
16.5 25

-.2
-10.9
-13.6
-3.4
35.1

-.1
5.5
-3.3
2.8
34.5

-.2
5.3
-7.2
0.9
-19.8

-2.8
12.6
3.0
-51.4

-.1
-4.0
-23.8
6.7
-47.8

-.1
-3.0
-24.6
6.3
4.6

-.2
-4.4
32.4
2.7
-55.6

0.2
1.6
-24.0
0.1
-35.4

-.6
26.2
6.2
1.3
-45.3

-.2
-4.9
27.9
14.0
-46.0

1264.5

1576.1

2012.9

2252.7

1749.6

1682.0

1997.6

1447.2

1541.2

1767.2

BILLIONS OF DOLLARS.




X

X

-.2
4.2
81.1
1.0
-45.3

26
27
28
29
30

2218.5 31

DECEMBER 7, 1994
Total Claims

Total Claims

F.6-F.7 Total Claims

g

SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1991 1
IV
1

1992

II

I

III

IV

1
1

1993
I

II

III

1
1

IV

1994
II

1

III

F.6 Total Net Borrowing and Lending in Credit Markets (1)
1

725.5

806.5

811.8

901.5

658.4

700.7

958.8

1135.3

1050.0

1061.9

836.4

954.5 Total net borrowing

2
3
4
5
6
7
8
9

454.2
275.3
178.9
218.1
-.4
-53.2
-64.9
79.2

618.4
331.3
287.1
238.6
-.2
-22.1
35.6
35.2

505.1
347.4
157.7
121.0
5.1
-45.3
42.4
34.5

564.8
294.6
270.3
261.6
1.6
-54.3
27.4
34.1

456.0
242.7
213.3
249.6
-2.4
-53.9
58.2
-38.2

481.4
240.5
240.9
167.5
-2.3
-28.6
19.3
85.0

740.5
336.4
404.1
264.1
2.7
-33.4
57.4
113.2

613.3
173.4
439.9
368.5
4.1
-26.2
46.3
47.3

677.2
274.2
403.0
337.7
3.6
-15.6
60.2
17.1

651.2
210.6
440.6
299.4
3.1
8.4
119.9
9.9

543.4
122.9
420.5
303.6
11.8
16.5
116.4
-27.8

612.3
134.1
478.1
370.5
3.6
26.9
125.9
-48.8

Domestic nonfinan. sectors
U.S. government
Private domestic
Household sector
Farm business
Nonfarm noncorp. bus.
Nonfin. corporate bus.
State and local govts.

2
3
4
5
6
7
8
9

10
11
12
13
14
15
16
17
18
19
20
21
22
23

34.8
236.5
32.5
118.9
-9.5
7.0
13.9
-24.9
20.5
22.2
2.9
3.2
49.8

-3.8
191.9
11.5
118.9
1.7
10.9
18.8
-19.1

55.0
251.7
48.3
139.9
6.5
-9.2
16.3
-8.8

38.9
180.4
32.2
137.2
3.5
21.1
-31.4
9.7
0.1
-19.6
-25.2
0.4
-9.5
62.0

42.8
175.5
68.8
-12.2
11.3
1.3
-1.6
12.9
0.6
-13.6
32.4
1.3
13.7
60.5

83.1
438.9
167.8
119.5
6.5
0.5
7.9
13.8
-.1
17.5
-.8
6.0
14.6
85.8

22.9
349.8
53.4
77.9
1.2
12.2
36.7
8.9
0.4
16.3
-10.4
6.2
29.3
117.6

-1.9
294.9
146.6
98.6
12.4
8.2
-17.1
5.9

-3.4
345.6
152.1
72.8
22.8
11.7
47.0
15.3

-3.5
-3.3
1.3
13.5
50.7

3.6
198.8
33.5
99.2
14.5
0.8
3.6
-5.3
-.2
1.0
-6.4
-5.6
-4.0
67.7

-66.3
477.0
140.8
180.0
2.0
3.5
47.4
-5.5

-27.3
27.5
3.2
2.9
42.9

30.6
306.1
67.7
104.3
12.6
6.6
14.0
6.4
0.2
15.2
14.4
2.3
-1.6
64.0

63.3
-27.6
1.2
-9.9
81.8

67.0
-33.2
2.2
0.3
4.0

16.9
-10.0
2.3
-7.6
22.3

Rest of the world
Financial sectors
Govt.-spons. enterprises
Fed. related mtg. pools
Commercial banks
Bank folding companies
Funding corporations
Thrift institutions
Life insurance companies
Finance companies
Mortgage companies
REITs
Brokers and dealers
ABS issuers

10
11
12
13
14
15
16
17
18
19
20
21
22
23

24

725.5

806.5

811.8

901.5

658.4

700.7

958.8

1135.3

1050.0

1061.9

836.4

954.5 Total net lending

25
26
27
28
29
30

-28.4
-54.5
-3.1
-15.3
44.6
-22.1

173.5
181.9
-1.3
24.5
-31.5
16.4

83.1
43.7
-1.0
30.7
9.6
-21.7

-72.8
-54.7
-1.0
29.9
-47.1
-26.3

104.3
112.0
-1.3
31.8
-38.3
-16.0

-23.1
-74.8
-3.0
-2.4
57.0
-23.2

-3.7
-75.6
-3.2
17.3
57.7
-27.1

-39.5
-69.7
-3.3
41.2
* -7.7
-15.4

93.3
181.8
-3.5
16.0
-101.0
-7.9

458.8
462.2
-3.6
21.9
-21.6
-40.8

346.1
412.3
-1.8
23.8
-88.2
-8.2

208.8
316.4
-1.9
-1.7
-104.0
-6.6

31
32
33
34
35

57.9
718.0
33.9
118.9
17.2

85.7
530.9
92.1
118.9
27.2

152.5
597.9
34.4
139.9
20.0

65.4
935.2
68.7
104.3
16.1

98.3
471.9
80.7
99.2
48.2

65.9
681.1
16.7
137.2
42.5

93.4
896.2
128.0
-12.2
35.7

123.5
1066.6
144.8
119.5
28.2

221.2
743.3
71.2
77.9
38.5

127.5
516.4
92.4
180.0
48.8

51.9
446.7
101.1
98.6
17.9

113.1
639.3
135.6
72.8
24.0

36
37
38
39
40
41
42
43
44
45
46

116.0
50.5
65.9
1.1
-1.5
25.8
-56.7
26.6
26.4
135.2
11.8

101.4
81.1
10.7
6.7
2.9
30.1
-105.6
65.8
23.7
-33.2
40.2

57.4
10.1
44.9
-1.9
4.3
-17.3
-75.3
69.6
15.8
74.1
33.9

158.8
133.3
4.0
17.4
4.1
69.9
-41.6
80.4
-.2
99.9
46.8

63.8
53.4
6.5
0.2
3.6
11.4
-22.6
100.8
11.9
8.4
16.7

100.5
103.4
-1.4
-4.5
3.0
-3.8
-30.7
113.0
27.3
118.0
-9.8

133.4
137.4
-14.3
7.9
2.4
1.1
15.2
109.4
36.0
11.1
47.5

146.7
160.3
-16.9
1.2
2.2
32.4
21.0
111.8
37.6
91.9
27.4

188.1
197.3
-6.5
-4.8
2.1
42.6
-13.3
86.4
32.1
-60.1
36.9

184.7
120.6
59.0
3.1
2.1
17.8
13.5
53.7
27.9
-97.7
45.3

112.7
128.4
-17.8
0.2
1.9
35.3
42.1
6.1
20.8
-30.7
51.2

183.5
164.7
19.2
-2.4
1.9
18.7
44.7
33.3
16.0
-13.4
41.1

Commercial banking
U.S.-chartered banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas
Funding corporations
Thrift institutions
Life insurance cos.
Other insurance cos.
Private pension funds
St.Sloc.govt. rtr. funds

36
37
38
39
40
41
42
43
44
45
46

47
48
49
50
51
52
53
54
55

-26.0
60.4
116.1
14.7
43.3
-.9
-1.2
47.5
8.9

1.0
23.0
113.1
21.6
25.6
-.7
-62.7
40.6
8.6

-13.9
-38.5
125.7
15.8
-12.2
2.6
107.6
50.9
7.6

-2.7
28.9
160.1
15.2
21.3
-.3
40.6
61.7
7.5

22.3
-12.8
96.1
17.3
-29.4
2.6
-113.1
62.1
8.3

-33.3
-50.4
148.6
16.7
-57.3
0.2
75.2
61.5
9.1

-34.7
65.1
194.4
10.5
33.3
0.8
52.5
59.4
10.0

9.4
-1.6
174.6
5.9
25.3
1.0
-7.8
88.6
9.9

22.6
-13.3
138.4
7.7
50.3
0.2
-82.8
111.1
8.9

72.1
-55.4
-72.6
8.7
-37.4
0.7
-56.1
81.0
9.3

49.8
-66.2
11.3
3.6
33.7
0.7
-52.6
6.2
5.2

59.0
-20.0
-18.6
1.4
54.4
0.7
-14.4
17.5
2.9

Finance companies
Mortgage companies
Mutual funds
Closed-end funds
Money mxt. mutual funds
REITs
Brokers and dealers
ABS issuers
Bank personal trusts

47
48
49
50
51
52
53
54
55

M

N

M

N

M

1

24

Private dom. nonfin. sectors
Household sector
Nonfarm noncorp, business
Nonfin. corporate business
State 8 local governments
U.S. government

25
26
27
28
29
30

Rest of the world
Financial sectors
Govt.-spons. enterprises
Fed. related mtg. pools
Monetary authority

31
32
33
34
35

(1) Excludes corporate eoultles and mutual fund shares.

F.7 Total Liabilities and Their Relation to Total Financial Assets

1

725.5

806.5

811.8

901.5

658.4

700.7

958.8

1135.3

1050.0

1061.9

836.4

2
3
4
5
6
7

-5.0
0.5
19.2
415.5
-35.8

3.5
0.1
29.6
180.3
87.0

-6.5
0.3
15.6
233.4
130.9

-8.5
0.2
37.5
317.1
43.2

5.1
-8.0
0.3
26.3
267.9
-14.4

3.4
0.3
38.6
331.7
63.8

-4.0
0.4
35.3
333.7
130.2

1.7
0.4
46.6
359.9
-7.6

2.2
0.7
20.5
193.6
-18.1

-.2
0.7
20.0
-18.8
150.8

-11.2
0.6
8.1
64.3
195.7

Net flows through credit markets
(from preceding table)
954.5
Other financial sources:
-.6
Official foreign exchange
SDR certificates
Treasury currency
0.3
Life insurance reserves
23.3
Pension fund reserves
197.3
Interbank claims
-44.5

8
9
10
11
12
13

105.6
-47.4
-94.4
32.1
19.3
-16.4

161.5
-47.1
-56.1
34.0
3.0
-36.2

65.1
-60.1
-112.0
25.2
126.4
-12.5

176.7
-91.8
-33.6
-10.0
81.2
43.2

51.8
-29.9
-91.1
-33.4
-68.7
-23.2

99.7
-108.5
-21.6
-46.8
170.7
-11.9

214.4
-67.8
-26.8
61.3
37.9
-17.1

73.1
-68.1
-59.5
0.6
67.3
-50.7

81.9
-36.6
13.7
47.7
-14.4
-8.6

173.1
2.5
-39.6
-10.9
12.8
24.9

-68.0
-59.9
-4.8
67.8
176.3
35.9

-31.0
-61.5
30.6
50.3
68.3
5.0

Checkable dep. and curr.
Small time S savings dep.
Large time deposits
Money market fund shares
Security RPs
Foreign deposits

14
15
16
17
18
19
20
21

192.7
89.3
113.6
10.8
-2.8
15.6
7.9
304.7

198.3
103.2
-61.6
26.8
12.1
3.5
-.3
247.0

200.4
74.0
-3.7
41.8
3.5
28.4
-10.2
254.0

243.4
69.7
82.5
51.2
8.5
9.1
-12.0
335.1

205.4
89.4
-.4
46.1
9.7
32.8
-6.0
194.5

268.9
75.0
44.8
43.4
7.9
-6.6
-4.2
197.9

358.0
113.9
40.0
51.0
7.3
-14.8
-7.2
404.0

348.9
149.1
76.6
49.6
-1.8
6.2
0.1
222.3

291.5
142.4
86.5
51.9
4.9
-25.8
17.6
384.0

114.0
100.5
29.7
30.3
13.7
-45.8
15.4
279.6

152.7
65.8
-17.3
67.2
-3.4
-47.2
-15.5
204.8

131.2
-13.8
-62.3
61.6
5.9
-39.9
6.7
316.3

Mutual fund shares
14
Corporate equities
15
Security credit
16
Trade debt
17
Taxes payable
18
Noncorp, proprietors’ equity 19
Inv. in bank personal trusts 20
Miscellaneous
21

22

1850.4

1695.0

1805.9

2244.2

1312.8

1847.1

2608.9

2350.7

2285.5

1914.8

1648.4

23
24
25

-92.8
-5.8
-6.1

14.8
13.9
-19.2

-11.2
1.5
0.5

10.8
-11.3
30.3

-11.8
2.2
5.0

4.7
-2.0
5.8

2.9
8.3
25.7

2. 1
-5.2
22.2

-15.5
-6.2
12.5

-2.4
0.6
-27.0

0.3
-1.1
-10.3

26
27
28
29
30

-.1
12.8
50.3
1.4
1.8

-.3
1.2
-21.2
6.8
-50.4

-.2
-13.1
98.5
9.4
-89.3

-.2
-2.0
25.2
30.4
-52.6

-. 1
-5.5
8.9
9.5
8.4

-.2
2.7
179.6
-6.9
-101.5

-.2
0.5
60.8
18.2
-97.6

-.2
-10.4
66.6
1.2
-18.4

-.2
24.0
17.3
-8.6
36.4

-.2
-29.1
7.1
-.7
-87.6

-.2
5.3
119.1
12.4
-173.7

31

1888.9

1749.4

1809.9

2213.5

1296.1

1765.0

2590.2

2292.9

2225.9

2054.2

1696.6

BILLIONS OF DOLLARS.




1599.4 Total financial sources
- Floats not incl. In assets
14.7
Check, dep.:
U.S. govt.
Other
-6.2
-2.2
Trade credit
- 1_iabs. not identified as assets
Treasury currency
11.4
Interbank claims
63.8
Security RPs
-1.4
Taxes payable
79.9
Miscellaneous
Totals identified to sectors
1439.4
as assets

K

1
2
3
4
5
6
7
8
9
10
11
12
13

22

23
24
25
26
27
28
29
30
31

DECEMBER 7, 1994
Personal Savins

Personal Saving

F.8 Derivation of Measures of Personal Saving (1)

7
ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

380.0

498.0

532.2

631.9

593.9

511.8

508.5

594.9

502.3

442.2

532.1

526.4

1

2
3
4

Checkable deposits and curr.
Time and savings deposits
Money market fund shares

24.7
113.6
31.5

21.7
198.4
-31.2

4.2
225.2
43.3

29.0
117.2
2.3

94.9
94.2
35.7

-2.0
92.5
22.0

27.2
136.2
15.9

-1.2
79.6
76.8

5.4
38.5
28.6

63.0
-117.4
8.7

131.1
-112.1
-41.8

81.6
-91.1
-10.2

2
3
4

5
6
7
8
9

Securities
U.S. savings bonds
Other U.S. Treasury secur.
U.S. govt, agency secur.
Tax-exempt securities

10.5
0.2
25.4
-19.0
29.6

100.7
3.1
43.5
-5.3
34.7

47.7
3.0
48.3
23.0
27.6

109.2
5.3
-3.2
13.1
72.2

-6.5
13.6
-32.5
-16.1
-15.8

102.8
7.8
-3.4
42.5
80.1

103.4
8.5
60.9
63.4
39.7

23.2
8.2
12.5
46.3
55.6

191.4
8.5
106.8
12.7
17.7

56.6
11.9
-54.8
7.9
34.9

257.4
19.1
33.1
49.2
-34.8

139.7
14.7
32.3
-40.3
-16.0

5
6
7
8
9

-.8
-4.2
3.4
-24.1

2.5
17.9
26.9
-22.6

-6.0
-1.6
20.2
-66.8

-.8
58.4
75.5
-111.2

33.9
-5.8
120.0
-103.9

18.3
3.3
56.9
-102.6

-21.8
31.3
14.1
-92.6

-17.2
-9.0
36.0
-109.1

38.0
-8.3
37.7
-21.7

10.3
-34.8
115.1
-33.8

-4.8
5.2
146.5
43.8

26.2
-35.5
186.9
-28.5

10
11
12
13

7.0
39.7
87.8
43.6
-1.9
23.5

7.8
38.8
80.2
49.4
3.2
29.1

5.0
46.7
47.3
63.5
15.1
34.3

10.4
63.4
136.2
72.5
10.2
81.5

17.2
82.5
114.1
92.8
18.1
51.0

25.7
62.7
60.0
78.9
13.2
55.9

24.9
85.0
-28.4
76.0
2.2
66.1

28.4
77.8
142.4
101.3
19.6
46.9

25.3
84.4
-10.9
92.0
29.7
18.0

25.6
81.1
192.5
86.8
16.1
29.1

27.7
75.2
75.0
99.0
-7.1
27.7

35.7
102.0
92.4
109.9
1.6
64.9

14
15
16
17
18
19

20 Gross Inv. in tangible assets
21
Owner-occupied homes
22
Other fixed assets (2)
23
Consumer durables
24
Inventories (2)

433.7
89.0
103.5
236.5
4.7

497.1
132.4
104.6
275.0
-14.9

605.1
157.1
121.3
317.9
8.8

651.9
161.5
130.8
353.0
6.7

711.0
189.6
132.8
389.6
-.9

735.6
198.5
138.2
403.7
-4.8

779.1
206.8
145.2
437.1
-10.0

822.0
206.8
152.8
459.4
3.1

807.4
191.5
144.5
468.2
3.3

758.4
173.1
129.4
456.6
-.7

825.9
205.5
122.2
492.7
5.5

905.2
230.3
140.7
538.0
-3.7

20
21
22
23
24

25 Capital consumption allowances
26
Owner-occupied homes
27
Other fixed assets (2)
28
Consumer durables

371.0
58.8
98.1
214.1

386.8
61.0
101.5
224.4

405.2
63.4
105.7
236.1

435.5
67.7
110.6
257.1

464.2
70.2
115.9
278.2

496.9
75.0
121.1
300.8

532.4
80.0
127.9
324.5

580.0
92.1
137.5
350.4

614.2
93.2
142.9
378.1

649.3
97.4
147.5
404.4

693.8
111.6
152.2
430.1

712.5
107.1
156.2
449.1

25
26
27
28

62.7
30.2
5.4
22.4
4.7

110.3
71.5
3.1
50.6
-14.9

199.8
93.7
15.6
81.8
8.8

216.4
93.7
20.2
95.8
6.7

246.8
119.5
16.9
111.4
-.9

238.7
123.5
17.1
102.9
-4.8

246.7
126.7
17.3
112.6
-10.0

242.0
114.6
15.3
109.0
3.1

193.2
98.3
1.6
90.0
3.3

109.2
75.7
-18.0
52.2
-.7

132.1
94.0
-30.0
62.6
5.5

192.7
123.1
-15.6
88.9
-3.7

29
30
31
32
33

34 Net increase ln liabilities
35
Mtg. debt on nonfarm homes
36
Other mortgage debt (2)
37
Consumer credit
38
Security credit
39
Policy loans
40
Other liabilities (2)

182.9
56.1
72.7
16.4
2.8
4.2
30.7

288.5
117.1
69.9
48.9
8.4
1.1
43.1

362.8
135.6
81.9
81.7
-2.3
0.4
65.5

444.3
171.7
98.1
82.3
18.9
-.1
73.6

365.2
203.4
69.3
57.5
6.7
-.1
28.3

354.4
240.9
57.3
32.9
-16.3
39.7

363.1
234.3
44.1
50.1
1.7
-.1
33.0

360.0
223.8
43.8
45.8
-1.0
3.2
44.4

252.2
185.0
18.3
16.0
-3.7
4.1
32.5

159.7
163.3
-2.1
-15.0
16.3
4.8
-7.5

191.8
179.0
-27.6
5.5
-1.8
5.7
30.9

309.4
183.3
-12.4
62.3
22.7
5.7
47.9

34
35
36
37
38
39
40

41
42
43
44
45

Personal saving, FOF (3)
- Govt. Insurance 8 pen. res.
- Net investment ln cons. dur.
- Net saving by farm corps.
= Personal saving
(NIPA concept, FOF data)

259.8
43.6
22.4
0.5
193.3

319.9
49.4
50.6
0.6
219.3

369.2
63.5
81.8
0.7
223.2

404.0
72.5
95.8
0.9
234.8

475.5
92.8
111.4
0.6
270.7

396.1
78.9
102.9
0.9
213.4

392.1
76.0
112.6
1.4
202.1

476.9
101.3
109.0
1.8
264.8

443.3
92.0
90.0
2.2
259.0

391.7
86.8
52.2
1.6
251.1

472.4
99.0
62.6
0.8
310.1

409.8
109.9
88.9
0.4
210.6

41
42
43
44
45

46 Personal saving (NIPA measure)

199.5

168.6

222.0

189.3

187.5

142.0

155.7

152.1

170.0

211.5

247.9

192.5 46

-6.2

50.7

1.2

45.6

83.2

71.3

46.4

112.7

89.0

39.6

62.2

18.0 47

2319.6

2493.7

2759.5

2943.0

3131.5

3289.6

3548.2

3787.0

4050.6

4236.6

4505.8

4688.7 48

15.1%
8.6%
5.9%
2.6%

12.0%
6.4%
4.3%
2.1%

11.0%
5.6%
4.3%
1.3%

12.5%
6.9%
4.0%
2.9%

10.9%
6.3%
4.1%
2.1%

9.2%
5.9%
4.9%
0.9%

10.4%
6.8%
5.5%
1.3%

I Net acq. of financial assets

10
11
12
13
14
15
16
17
18
19

Corporate 8 foreign bonds
Open market paper
Mutual fund shares
Corporate equities
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance 8 pen. res.
Inv. in bank pars, trusts
Miscellaneous finan. assets

29 Net inv. in tangible assets
30
Owner-occupied homes
31
Other fixed assets (2)
32
Consumer durables
33
Inventories (2)

47 Difference (4)
Memo:
48 Personal disposable Income

K

Personal saving as a percentage of disposable personal income:
49
50
51
52

FOF measure (line 41)
NIPA concept,FOF datadine 45)
NIPA measure (line 46)
Difference (line 47)

11.2%
8.3%
8.6%
-0.2%

12.8%
8.7%
6.7%
2.0%

13.3%
8.0%
8.0%
0.0%

(1) Consolidated statement for household sector, farm
business, and nonfarm noncorporate business.
(2) Includes corporate farms.
(3) Line 1 plus line 29 less line 34.
(4) Household sector discrepancy with sign reversed.
BILLIONS OF DOLLARS




13.7%
7.9%
6.4%
1.5%

8.7%
4.4%
4.1%
0.3%

49
50
51
52

DECEMBER 7, 1994

Personal Savins

Personal Savins

F.8 Derivation of Measures of Personal Savins (1)

g
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1991
IV

1992

I
11

I

II

III

IV

I
1

199S
I

II

III

I
1

IV

I

1994
II

III

I

452.7

579.8

429.1

592.1

527.3

352.2

636.5

579.1

537.9

638.3

609.6

492.7 Net acq. of financial assets

2
3
4

49.6
-183.0
-9.6

183.2
-65.2
-30.5

51.9
-140.3
22.2

166.7
-123.7
-99.1

122.4
-119.2
-60.0

64.6
-188.9
-53.7

131.0
-45.7
54.5

74.9
-107.6
-37.4

56.0
-22.4
-4.2

95.5
57.1
-41.0

40.2
-22.5
13.7

-9.2
-10.7
23.3

Checkable deposits and curr.
Time and savings deposits
Money market fund shares

2
3
4

5
6
7
8
9

45.9
11.0
-159.9
45.2
33.2

298.0
15.6
180.1
32.8
5.1

239.8
13.4
35.2
-7.1
-24.7

234.7
19.9
-31.6
79.6
-20.5

257.2
27.8
-51.2
91.6
-98.9

69.1
25.4
-8.0
-21.3
22.6

95.5
11.6
113.0
-202.8
15.4

161.6
10.2
-18.5
-42.8
-45.9

232.4
11.3
42.6
105.8
-56.0

450.9
12.3
227.3
243.4
-26.7

466.9
8.5
165.3
249.9
-20.9

264.1
6.0
194.2
131.4
-48.3

Securities
U.S. savings bonds
Other 'J.S. Treasury secur.
U.S. govt, agency secur.
Tax-exempt securities

5
6
7
8
9

10
11
12
13

-3.0
11.7
142.5
-34.7

0.6
-72.0
135.4
0.5

-29.0
50.4
127.4
74.2

-37.3
-47.0
183.1
88.6

46.6
89.6
140.0
11.8

1.5
-112.0
158.7
2.2

15.7
-42.9
203.5
-17.9

-5.8
44.2
214.9
5.4

93.4
-31.3
170.3
-103.8

78.5
-79.4
89.9
-94.4

67.0
-88.7
99.0
-13.2

9.5
36.9
90.9
-156.5

14
15
16
17
18
19

19.3
71.6
272.0
71.7
7.9
107.3

29.9
61.1
2.1
116.9
-.3
-15.4

16.0
78.0
73.9
81.1
-10.2
16.7

38.0
72.0
122.3
122.2
-12.0
70.9

26.9
89.8
101.7
75.8
-6.0
38.6

39.1
89.8
190.6
50.8
-4.2
95.1

35.8
119.5
81.4
132.4
-7.2
39.3

47.1
117.6
137.3
104.5
0.1
60.8

20.9
81.2
-39.8
151.7
17.6
44.4

20.3
76.3
-194.1
98.6
15.4
59.3

8.5
53.8
-108.3
113.4
-15.5
54.5

24.1
70.5
6.7
120.3
6.7
-3.1

20
21
22
23
24

768.6
182.4
126.5
461.2
-1.5

800.0
192.8
118.1
480.1
9.1

816.7
204.3
122.1
483.3
7.0

829.7
206.5
122.8
495.7
4.7

857.3
218.7
125.7
511.6
1.3

875.0
224.3
135.0
516.1
-.5

868.3
222.3
139.0
531.2
-4.1

902.7
228.3
141.5
541.9
-9.1

954.8
246.1
147.1
562.8
-1.2

991.7
255.6
156.9
576.2
2.9

1013.6
261.7
160.8
580.3
10.8

25
26
27
28

661.2
98.8
152.3
410.1

670.7
105.2
141.0
424.5

676.6
106.2
142.0
428.5

746.6
133.4
173.6
439.7

681.4
101.5
152.2
427.7

707.7
100.8
162.0
445.0

703.8
100.6
158.8
444.4

720.9
124.6
*141.6
454.6

717.5
102.5
162.6
452.4

808.4
127.5
176.5
504.3

754.0
106.7
167.7
479.6

767.0 Capital consumption allowances
108.5
Owner-occupied homes
170.8
Other fixed assets (2)
Consumer durables
437.7

25
26
27
28

29
30
31
32
33

107.4
83.5
-25.7
51.1
-1.5

129.3
87.5
-22.9
55.6
9.1

140.1
96.1
-19.8
54.8
7.0

83.0
73.1
-50.8
56.0
4.7

176.0
117.2
-26.5
83.9
1.3

167.3
123.6
-26.9
71.1
-.5

184.6
121.6
-19.8
86.8
-4.1

181.8
103.7
-.1
87.3
-9.1

237.3
143.5
-15.5
110.4
-1.2

183.2
128.1
-19.6
71.9
2.9

259.6
154.9
-6.9
100.7
10.8

265.9 Net inv. in tangible assets
152.4
Owner-occupied homes
-4.3
Other fixed assets (2)
104.6
Consumer durables
Inventories (2)
13.1

29
30
31
32
33

34
35
36
37
38
39
40

207.4
206.0
-8.3
-10.3
40.0
-1.2
-18.8

212.3
232.7
-11.8
-4.6
-15.4
2.2
9.2

121.5
92.1
-22.6
-15.0
20.4
4.3
42.2

229.1
226.9
-24.4
12.0
-2.0
5.8
10.8

204.1
164.4
-51.5
29.6
-10.3
10.5
61.6

185.5
120.4
-14.9
20.3
23.4
3.3
33.1

260.0
193.0
-10.4
41.6
-1.5
3.9
33.4

404.2
235.9
-10.0
76.2
31.5
7.4
63.2

387.9
183.9
-14.4
111.3
37.2
8.1
61.8

338.1
179,7
-19.5
72.7
2.2
4.5
98.6

356.1
144.3
18.2
121.9
-3.0
8.2
66.4

413.5 Net increase in liabilities
199.0
Mtg. debt on nonfarm homes
14.8
Other mortgage debt (2)
127.1
Consumer credit
-14.0
Security credit
Policy Ioans
9.5
Other liabilities (2)
77.1

34
35
36
37
38
39
40

41
42
43
44
45

352.7
71.7
51.1
1.2
228.7

496.8
116.9
55.6
1.0
323.3

447.7
81.1
54.8
0.8
311.0

446.1
122.2
56.0
0.6
267.3

499.1
75.8
83.9
0.7
338.7

333.9
50.8
71.1
0.4
211.6

561.1
132.4
66.8
0.6
341.3

356.7
104.5
87.3
0.4
164.5

387.3
151.7
110.4
0.4
124.8

483.4
98.6
71.9
0.3
312.6

513.3
113.4
100.7
0.3
293.9

345.1
120.3
104.6
0.3
119.8

46

224.6

234.7

243.7

225.8

287.4

184.4

214.0

182.2

189.5

175.5

201.1

47

4.1

88.6

67.3

41.5

51.3

27.2

127.3

-17.7

-64.7

137.1

92.8

48

4303.0

4401.1

4463.2

4500.0

4658.8

4598.1

4678.6

4700.5

4777.6

4832.7

4913.5

Corporate 8 foreign bonds
Open market paper
Mutual fund shares
Corporate equities

Private life insurance res.
Private Insured pension res.
Private noninsured pen. res.
Govt, insurance & pen. res.
Inv. in bank pers. trusts
Miscellaneous finan. assets

1032.9 Gross inv. in tangible assets
260.9
Owner-occupied homes
Other fixed assets (2)
166.6
Consumer durables
592.3
13.1
Inventories (2)

Personal saving, FOF (3)
- Govt, insurance 8 pen. res.
- Net investment in cons. dur.
- Net saving by farm corps.
= Personal saving
(NIPA concept, FOF dat3)

1

10
11
12
13

14
15
16
17
18
19

20
21
22
23
24

41
42
43
44
45

198.4 Personal saving (NIPA measure) 46

-78.6 Difference (4)

Memo:
4986.5 Personal disposable income

47

48

Per sonal siaving as a percentage of disposable personal income:

49
50
51
52

8.IX
5.3X
5.2%
O.OX

11.2X
7.3X
5.3X
2.OX

10.OX
6.9X
5.4X
1.5X

9.9X
5.9X
5. OX
0.9X

10.7X
7.2X
6. IX
1.1X

7.2X
4.6X
4. OX
0.5X

11.9X
7.2X
4.5X
2.7X

7.5X
3.5X
3. ax
- 0.3X

8. IX
2.6X
3.9X
-1.3X

10. OX
6.4X
3.6X
2.3X

10.4X
5.9X
4. OX
1.8X

6.9X
2.4X
3.9X
-1.5X

49
FOF measure (line 41)
NIPA concept,FOF datadine 45) 50
NIPA measure (line 46)
51
Difference (line 47)
52

(1) Consolidated statement for household sector, farm
business, and nonfarm noncorporate business.
(2) Includes corporate farms.
(3) Line 1 plus line 29 less line 34.
(4) Household sector discrepancy with sign reversed.
BILLIONS OF DOLLARS




DECEMBER 7, 1994
Household Sector

Household Sector

p

F.100 Households and Nonprofit Organizations (1)

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1 Personal income
2 - Personal taxes and nontaxes

2691.0
371.4

2862.5
368.3

3154.6
395.1

3379.8
436.8

3590.5
459.0

3802.0
512.5

4075.9
527.8

4380.3
593.3

4673.8
623.2

4860.3
623.7

5154.4
648.6

5375.1
686.4

1
2

3 3 Disposable personal income
4 - Personal outlays
5 3 Personal saving, NIPA (2)

2319.6
2120.1
199.5

2493.7
2325.1
168.6

2759.5
2537.5
222.0

2943.0
2753.7
189.3

3131.5
2944.0
187.5

3289.6
3147.5
142.0

3548.2
3392.5
155.7

3787.0
3634.9
152.1

4050.6
3880.6
170.0

4236.6
4025.1
211.5

4505.8
4257.9
247.9

4688.7
4496.2
192.5

3
4
5

Govt. Insur. 8 pension res.
Net Inv. in cons, durables
Capital consumption allow.
Gross saving

43.6
22.4
285.0
550.5

49.4
50.6
298.3
566.9

63.5
81.8
313.5
680.7

72.5
95.8
339.8
697.3

92.8
111.4
364.5
756.2

78.9
102.9
393.2
717.1

76.0
112.6
423.5
767.8

101.3
109.0
463.4
825.8

92.0
90.0
493.8
845.9

86.8
52.2
525.8
876.3

99.0
62.6
566.9
976.4

109.9
88.9
583.2
974.4

6
7
8
9

10 Gross investment
11 Capital expend, net of sales
12
Residential construction
13
Consumer durable goods
14
Nonprofit plant and equip.

544.3
344.9
89.0
236.5
19.4

617.6
429.0
132.4
275.0
21.6

681.9
497.7
157.1
317.9
22.7

742.9
537.6
161.5
353.0
23.2

839.4
604.3
189.6
389.6
25.1

788.4
631.2
198.5
403.7
29.0

814.2
675.9
206.8
437.1
32.1

938.5
701.2
206.8
459.4
35.0

934.9
696.9
191.5
468.2
37.2

915.9
666.2
173.1
456.6
36.5

1038.6
735.8
205.5
492.7
37.6

992.5
809.1
230.3
538.0
40.8

10
11
12
13
14

6
7
8
9

+
+
*
-

15
16

Net financial investment
Net acq. of financial assets

199.4
237.0

188.6
385.3

184.2
409.8

205.3
526.5

235.1
510.9

157.2
432.3

138.3
434.3

237.3
534.9

238.0
464.6

249.7
431.5

302.8
525.9

183.4 15
499.5 16

17
18
19
20
21

Deposits
Checkable dep. and curr.
Small time and svgs.dep.
Large time deposits
Money mkt. fund shares

162.7
21.0
122.5
-12.3
31.5

166.7
13.2
187.2
-2.5
-31.2

254.2
-.9
138.2
73.6
43.3

124.9
16.9
115.3
-9.7
2.3

206.5
87.9
98.6
-15.7
35.7

112.0
-4.3
52.5
41.8
22.0

161.8
19.0
93.9
33.0
15.9

142.2
-5.6
64.0
7.0
76.8

71.8
5.4
66.3
-28.5
28.6

-43.3
62.0
-45.4
-68.6
8.7

-29.3
123.8
-64.7
-46.6
-41.8

-20.3
78.0
-68.8
-19.3
-10.2

17
18
19
20
21

22
23
24
25
26
27
28
29
30
31

Credit mkt. instruments
U.S. govt, securities
Treasury
Savings bonds
Other
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper

41.6
6.7
25.7
0.2
25.5
-19.0
29.6
-.8
10.3
-4.2

93.3
38.6
43.9
3.1
40.8
-5.3
34.7
2.5
-.4
17.9

94.6
74.9
51.9
3.0
48.9
23.0
27.6
-6.0
-.3
-1.6

161.5
14.9
1.8
5.3
-3.4
13.1
72.2
-.8
16.9
58.4

-28.1
-36.3
-20.2
13.6
-33.7
-16.1
-15.8
33.9
-4.2
-5.8

176.2
47.3
4.8
7.8
-3.0
42.5
80.1
18.3
27.2
3.3

196.7
132.3
68.9
8.5
60.5
63.4
39.7
-21.8
15.2
31.3

94.7
65.5
19.2
8.2
11.1
46.3
55.6
-17.2
-.2
-9.0

157.2
127.0
114.3
8.5
105.8
12.7
17.7
38.0
-17.2
-8.3

-39.6
-34.9
-42.8
11.9
-54.7
7.9
34.9
10.3
-15.1
-34.8

70.7
100.9
51.7
19.1
32.5
49.2
-34.8
-4.8
4.1
5.2

-9.5
5.2
45.5
14.7
30.9
-40.3
-16.0
26.2
10.5
-35.5

22
23
24
25
26
27
28
29
30
31

32
33

Mutual fund shares
Corporate equities

3.4
-24.1

26.9
-22.6

20.2
-66.8

75.5
-111.2

120.0
-103.9

56.9
-102.6

14.1
-92.6

36.0
-109.1

37.7
-21.7

115.1
-33.8

146.5
43.8

186.9 32
-28.5 33

34
35
36

Life insurance reserves
Pension fund reserves
Inv. in bank pers. trusts

7.2
170.9
-1.9

8.0
168.2
3.2

5.2
157.2
15.1

10.7
271.7
10.2

17.5
289.1
18.1

26.0
201.3
13.2

25.3
132.3
2.2

28.8
321.2
19.6

25.7
165.1
29.7

25.7
360.3
16.1

27.3
249.7
-7.1

35.2 34
304.7 35
1.6 36

37
38
39

Equity in noncorp. bus.
Security credit
Miscellaneous assets

-82.9
3.1
7.1

-76.5
2.7
15.5

-72.3
1.0
1.3

-58.6
13.5
28.3

-34.6
9.0
17.2

-70.0
-5.8
25.1

-23.5
1.8
16.4

-25.8
12.3
14.9

-28.3
9.2
18.2

-3.3
24.6
9.6

18.4
-11.0
17.0

-10.2 37
26.6 38
13.1 39

40
41
42
43

Net increase in liabilities
Credit market instruments
Home mortgages
Consumer credit

87.6
83.2
46.0
16.4

196.7
185.3
108.1
48.9

225.5
225.7
128.1
81.7

321.2
299.1
161.3
82.3

275.8
268.1
196.5
57.5

275.1
285.4
234.2
32.9

296.1
291.4
227.9
50.1

297.6
281.6
217.6
45.8

226.6
218.9
179.0
16.0

181.8
170.9
159.2
-15.0

223.1
217.7
174.4
5.5

316.0
284.5
178.2
62.3

40
41
42
43

44
45
46
47

44
45
46
47

Tax-exempt debt
Commercial mortgages
Bank loans n.e.c.
Other loans

8.5
3.0
1.8
7.4

11.4
13.1
0.5
3.3

10.2
7.0
-4.1
2.9

30.2
5.9
10.1
9.3

-2.2
8.1
1.5
6.6

-1.0
10.2
2.2
6.9

1.3
9.5
-3.9
6.5

2.5
19.1
-10.4
7.1

3.8
15.3
-6.5
11.2

7.7
12.4
-3.4
10.1

14.6
12.4
2.7
8.1

11.9
17.5
8.3
6.2

48
49

Security credit
Trade debt
Deferred and unpaid
life insurance premiums

2.8
0.8

8.4
2.4

-2.3
3.1

18.9
3.1

6.7
2.3

-16.3
4.8

1.7
2.5

-1.0
16.1

-3.7
11.3

16.3
-4.7

-1.8
7.2

22.7 48
3.1 49

0.8

0.6

-1.0

0.1

-1.3

1.2

0.4

0.8

0.1

-.7

6.2

-50.7

-1.2

-45.6

-83.2

-71.3

-46.4

-112.7

-89.0

-39.6

-62.2

-18.0 SI

50

51 Discrepancy

*

0.9 50

(1) Supplementary tables (F.100.a and L.100.a) at the end of the release
show estimates of annual flows and year-end outstandings of nonprofit
organizations.
(2) See table F.8 for derivation of alternative personal saving measures.
Memo:
Net physical Investment:

52
53
54
55
56

57
58
59

60
61

(A) Residential construction
expenditures
- Capital consumption
3 Net investment
- Home mortgages
3 Excess net investment

(B) Consumer durable goods
expenditures
- Capital consumption
3 Net investment
- Consumer credit
3 Excess net investment

BILLIONS OF DOLLARS.




89.0
58.3
30.2

132.4
61.0
71.5

157.1
63.4
93.7

161.5
67.7
93.7

189.6
70.2
119.5

198.5
75.0
123.5

206.8
30.0
126.7

206.8
92.1
114.6

191.5
93.2
98.3

173.1
97.4
75.7

205.5
111.6
94.0

230.3 52
107.1 53
123.1 54

46.0
-15.8

108.1
-36.6

128.1
-34.3

161.3
-67.6

196.5
-77.1

234.2
-110.7

227.9
-101.2

217.6
-103.0

179.0
-80.7

159.2
-83.5

174.4
-80.4

178.2 55
-55.1 56

236.5
214.1
22.4

275.0
224.4
50.6

317.9
236.1
81.8

353.0
257.1
95.8

389.6
278.2
111.4

403.7
300.8
102.9

437.1
324.5
112.6

459.4
350.4
109.0

468.2
378.1
90.0

456.6
404.4
52.2

492.7
430.1
62.6

538.0 57
449.1 58
88.9 59

16.4
6.0

48.9
1.7

81.7
0.1

82.3
13.6

57.5
53.8

32.9
70.0

50.1
62.5

45.8
63.2

16.0
74.0

-15.0
67.2

5.5
57.1

62.3 60
26.6 61

_MBER 7,
jusehold Sector

Household Sector
F.100 Households and Nonprofit Organization. (1)

10

MALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1992

1991 I
IV I

II

1993

III

II

IV

III

IV

1994

I
I

II

III

1
2

4934.2
631.2

5032.4
631.3

5101.9
638.7

5148.1
648.1

5335.0
676.2

5255.5
657.4

5364.5
685.9

5395.9
695.4

5484.6
707.0

5555.8
723.1

5659.9
746.4

5730.3 Personal income
743.8 - Personal taxes and nontaxes

1
2

3
4
5

4303.0
4078.4
224.6

4401.1
4166.4
234.7

4463.2
4219.5
243.7

4500.0
4274.2
225.8

4658.8
4371.4
287.4

4598.1
4413.7
184.4

4678.6
4464.6
214.0

4700.5
4518.3
182.2

4777.6
4588.1
189.5

4832.7
4657.2
175.5

4913.5
4712.4
201.1

4986.5 - Disposable personal Income
4788.1 - Personal outlays
198.4 = Personal saving, NIPA (2)

3
4
5

6
7
8
9

71.7
51.1
533.2
880.6

116.9
55.6
554.0
961.2

81.1
54.8
559.1
938.8

122.2
56.0
600.5
1004.5

75.8
83.9
554.1
1001.2

50.8
71.1
572.4
878.7

132.4
86.8
571.6
1004.3

104.5
87.3
606.5
980.5

151.7
110.4
582.1
1033.7

98.6
71.9
662.5
1008.4

118.4
100.7
615.4
1035.6

120.3
104.6
625.7
1049.0

Govt, insur. 8 pension res.
Net inv. in cons, durables
Capital consumption allow.
Gross saving

6
7
8
9

10
11
12
13
14

884.8
680.4
182.4
461.2
36.8

1049.8
709.9
192.8
480.1
37.1

1006.1
724.7
204.3
483.3
37.1

1046.0
739.8
206.5
495.7
37.6

1052.5
769.0
218.7
511.6
38.7

905.9
780.2
224.3
516.1
39.7

1132.1
794.2
222.3
531.2
40.8

962.8
811.6
228.3
541.9
41.3

968.9
850.3
246.1
562.8
41.4

1145.5
875.0
255.6
576.2
43.2

1128.4
886.3
261.7
580.3
44.3

970.5 Gross investment
899.2 Capital expend, net of sales
260.9
Residential construction
592.3
Consumer durable goods
46.0
Nonprofit plant and equip.

10
11
12
13
14

15
16

204.4
460.1

339.9
566.3

281.4
430.6

306.2
575.4

283.6
531.4

125.8
325.0

337.9
609.4

151.3
560.5

118.7
502.9

270.5
581.6

242.1
552.5

71.3
437.7

Net financial investment
15
Net acq. of financial assets 16

17
18
19
20
21

-139.4
48.4
-101.0
-77.2
-9.6

80.8
176.1
-42.1
-22.8
-30.5

-73.0
44.9
-71.3
-68.8
22.2

-62.9
159.4
-96.4
-26.9
-99.1

-62.0
114.8
-48.8
-67.9
-60.0

-175.7
61.9
-136.1
-47.7
-53.7

139.1
127.4
-55.2
12.4
54.5

-71.6
71.2
-79.9
-25.4
-37.4

26.9
51.5
-3.8
-16.6
-4.2

107.8
90.8
59.9
-1.9
-41.0

26.8
35.0
-8.6
-13.3
13.7

-2.6
-14.8
-61.1
50.1
23.3

Deposits
17
Checkable dep. and curr. 18
Small time and svgs.dep. 19
Large time deposits
20
Money mkt. fund shares
21

22
23
24
25
26
27
28
29
30
31

-54.5
-104.4
-149.6
11.0
-160.7
45.2
33.2
-3.0
8.1
11.7

131.9
228.1
195.4
15.6
179.8
32.3
5.1
0.6
20.0
-72.0

43.7
40.7
47.8
13.4
34.5
-7.1
-24.7
-29.0
6.2
50.4

-54.7
67.1
-12.5
19.9
-32.3
79.6
-20.5
-37.3
-17.0
-47.0

112.0
67.5
-24.1
27.8
-51.9
91.6
-98.9
46.6
7.3
89.6

-74.3
-5.4
16.0
25.4
-9.5
-21.3
22.6
1.5
18.5
-112.0

-75.6
-79.6
123.2
11.6
111.6
-202.8
15.4
15.7
15.3
-42.9

-69.7
-52.5
-9.7
10.2
-19.9
-42.8
-45.9
-5.8
-9.7
44.2

181.3
158.4
52.5
11.3
41.2
105.8
-56.0
93.4
17.3
-31.3

462.2
481.5
238.2
12.3
225.9
243.4
-26.7
78.5
8.3
-79.4

412.3
422.2
172.3
8.5
163.8
249.9
-20.9
67.0
32.7
-88.7

316.4
330.2
198.7
6.0
192.8
131.4
-48.3
9.5
-11.9
36.9

Credit mkt. instruments
U.S. govt, securities
Treasury
Savings bonds
Other
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper

22
23
24
25
26
27
28
29
30
31

32
33

142.5
-34.7

135.4
0.5

127.4
74.2

183.1
88.6

140.0
11.8

158.7
2.2

203.5
-17.9

214.9
5.4

170.3
-103.8

89.9
-94.4

99.0
-13.2

90.9
-156.5

Mutual fund shares
Corporate equities

32
33

34
35
36

19.2
415.5
7.9

29.6
180.3
-.3

15.6
233.4
-10.2

37.5
317.1
-12.0

26.3
267.9
-6.0

38.6
331.7
-4.2

35.3
333.7
-7.2

46.6
359.9
0.1

20.5
193.6
17.6

20.0
-18.8
15.4

8.1
64.3
-15.5

23.8
197.8
6.7

Life insurance reserves
Pension fund reserves
Inv. in bank pers. trusts

34
35
36

37
38
39

15.6
73.5
14.7

3.5
-61.0
15.8

28.4
-26.7
17.8

9.1
51.7
18.0

32.8
-7.7
16.3

-6.6
41.1
14.1

-14.8
1.3
12.2

6.2
51.3
17.1

-25.8
12.8
8.9

-45.8
30.6
14.7

-47.2
5.8
12.0

-39.9
-19.3
20.5

Equity in noncorp. bus.
Security credit
Miscellaneous assets

37
38
39

40
41
42
43

255.7
218.1
201.8
-10.3

226.4
238.6
228.4
-4.6

149.1
121.0
87.5
-15.0

269.1
261.6
222.3
12.0

247.8
249.6
159.4
29.6

199.2
16 7.5
115.4
20.3

271.5
264.1
187.9
41.6

409.2
368.5
230.8
76.2

384.2
337.7
178.7
111.3

311.1
299.4
174.3
72.7

310.4
303.6
138.9
121.9

366.4
370.5
193.5
127.1

Net increase in liabilities
Credit market instruments
Home mortgages
Consumer credit

40
41
42
43

44
45
46
47

8.6
23.2
-13.6
8.4

10.7
11.8
-13.9
6.1

18.8
8.7
12.2
8.7

12.3
25.6
-19.9
9.2

16.7
3.5
32.2
8.2

7.4
10.3
8.3
5.7

17.1
30.8
-17.5
4.3

16.9
12.7
24.5
7.5

6.3
16.2
18.0
7.2

16.3
0.2
29.2
6.6

16.9
13.0
5.6
7.2

10.3
9.5
18.4
11.7

48
49

40.0
-1.9

-15.4
3.5

20.4
7.8

-2.0
9.4

-10.3
8.2

23.4
7.7

-1.5
7.9

31.5
8.2

37.2
8.4

2.2
3.6

-3.0
8.8

-14.0
9.1

50

-.6

-.3

-.1

0.1

0.3

0.6

0.9

1.0

0.9

0.9

0.9

51

-4.1

-88.6

-67.3

-41.5

-51.3

-27.2

-127.3

17.7

64.7

-137.1

-92.8

0.9

*
*
+
=

Tax-exempt debt
Commercial mortgages
Sank loans n.e.c.
Other loans

44
45
46
47

Security credit
Trade debt
Deferred and unpaid
life insurance premiums

48
49

78.6 Discrepancy

50
51

(1) Supplementary tables (F.IOO.a and L.IOO.a) at the end of the release
show estimates of annual flows and year-end outstandings of nonprofit
organizations.
(2) See table F.8 for derivation of alternative personal saving measures.
Memo:

Net physical Investment:

52
53
54

182.4
98.8
83.5

192.8
105.2
87.5

204.3
106.2
98.1

206.5
133.4
73.1

218.7
101.5
117.2

224.3
100.8
123.6

222.3
100.6
121.6

228.3
124.6
103.7

246.1
102.5
143.5

255.6
127.5
128.1

261.7
106.7
154.9

(A) Residential construction
260.9
expenditures
- Capital consumption
108.5
152.4
= Net investment

55
56

201.8
-118.3

228.4
-140.8

87.5
10.5

222.3
-149.2

159.4
-42.2

115.4
8.2

187.9
-66.3

230.8
-127.1

178.7
-35.2

174.3
-46.2

138.9
16.1

193.5
-41.2

57
58
59

461.2
410.1
51.1

480.1
424.5
55.6

483.3
428.5
54.8

495.7
439.7
56.0

511.6
427.7
83.9

516.1
445.0
71.1

531.2
444.4
86.8

541.9
454.6
87.3

562.8
452.4
110.4

576.2
504.3
71.9

580.3
479.6
100.7

(B) Consumer durable goods
expenditures
592.3
- Capital consumption
487.7
= Net investment
104.6

60
61

-10.3
61.4

-4.6
60.2

-15.0
69.8

12.0
44.0

29.6
54.3

20.3
50.9

41.6
45.3

76.2
11.1

111.3
-.9

72.7
-.9

121.9
-21.2

127.1
-22.4

BILLIONS OF DOLLARS.




- Home mortgages
= Excess net investment

- Consumer credit
= Excess net investment

52
53
54
55
56
57
58
59
60
61

DECEMBER 7, 1994
Nonfinancial Business

Nonfinancial Business

F.101-F.103 Nonfinancial Business

11

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.101 All Nonfinancial Business

1 Income before taxes
2 Gross savins

330.0
334.1

371.8
381.4

458.6
428.8

460.7
448.4

463.3
437.1

551.4
480.5

612.5
514.6

612.6
518.1

627.6
534.2

625.7
551.1

671.8
566.0

713.4
592-1

1
2

3 Gross Investment
4 Capital expenditures
Fixed investment
5
Residential construction
6
Plant and equipment
7
Chanse in inventories
8
9
Mineral rts. from U.S. sovt.

345.7
367.6
382.6
16.6
366.0
-16.0
1.0

347.2
362.1
366.4
19.6
346.8
-5.6
1.3

412.8
498.9
426.8
21.7
405.0
71.1
1.0

421.7
484.5
459.5
24.4
435.2
24.6
0.4

399.9
450.9
441.5
26.8
414.7
8.7
0.8

408.1
465.8
439.4
26.6
412.8
26.3
0.2

456.2
494.2
477.7
25.2
452.5
16.2
0.3

459.7
522.0
488.5
24.0
464.5
33.3
0.2

487.4
513.4
506.3
23.6
482.7
6.9
0.2

514.7
472.0
473.9
16.3
457.6
-1.8
-.1

533.3
476.1
473.1
17.9
455.3
3.0
-

558.1
536.5
521.1
19.7
501.5
15.4

3
4
5
6
7
8
9

10
11

Net financial investment
Net acq. of financial assets

-21.9
72.4

-15.0
150.5

-86.1
152.1

-62.7
140.4

-51.0
200.8

-57.7
146.8

-38.0
228.7

-62.3
138.0

-26.0
101.5

42.7
53.0

57.1
159.9

12
13
14
15
16
17
18
19
20
21
22
23
24

Net increase in liabilities
Corporate equities
Credit market instruments
Tax-exempt debt
Corporate bonds
Mortsases
Bank loans n.e.c.
Commercial paper
Other loans
Trade debt
Taxes payable
Miscellaneous liabilities
Proprietor net investment

94.2
1.9
146.0
15.1
30.7
43.8
51.0
-6.1
11.5
9.4
-2.8
25.0
-85.2

165.5
20.0
157.1
9.4
26.0
66.5
21.7
-.8
34.2
36.9
4.9
25.2
-78.6

238.3
-79.0
309.1
20.5
48.1
87.4
68.1
21.7
63.4
38.5
4.6
39.1
-74.1

203.1
-84.5
278.0
22.6
83.2
94.4
33.7
14.6
29.4
36.8
0.3
34.5
-62.0

251.8
-85.0
315.3
-9.9
127.1
101.0
57.3
-9.3
49.0
15.0
5.4
40.8
-39.7

204.5
-75.5
228.7
-.9
78.8
91.4
12.6
1.6
45.3
46.2
5.7
63.1
-63.6

266.6
-129.5
274.8
0.2
103.1
62.5
42.1
11.9
55.0
64.2
4.6
82.8
-30.3

200.3
-124.2
233.1
-.9
73.8
44.5
37.8
21.4
56.4
38.0
1.5
82.2
-30.3

127.4
-63.0
123.7
-.3
47.1
5.1
6.9
9.7
55.3
31.9
-4.4
61.2
-22.0

10.3
18.3
-35.9
-1.2
78.3
-10.1
-37.5
-18.4
-47.5
8.5
-7.7
40.5
-13.3

102.8
27.0
-2.0
67.5
-62.9
-16.5
8.6
1.3
32.4
7.9
25.5
12.0

-11.7

34.2

16.0

26.7

37.1

72.4

58.4

58.4

46.7

36.4

32.8

34.0 25

25 Discrepancy

X

«

21.6 10
92.5 11

70.9
21.3
21.9
-.1
75.2
-40.1
-3.3
10.0
-19.9
34.3
2.7
8.2
-17.6

12
13
14
15
16
17
18
19
20
21
22
23
24

F.102 Farm Business (1)

1 Proprietor net income
w/IVA 8 CCAdj.
2 Net savins (corporate)
3 Capital consumption allow.
Corporate
4
Noncorporate
5
6 Gross savins

13.4

2.4

21.3

21.5

22.3

31.3

30.9

40.3

42.0

36.7

44.4

37.3

1

0.5
22.9
1.6
21.3
23.4

0.6
23.3
1.7
21.6
23.9

0.7
23.4
1.7
21.7
24.0

0.9
23.0
1.7
21.4
23.9

0.6
22.7
1.7
21.0
23.3

0.9
22.2
1.6
20.5
23.1

1.4
21.8
1.6
20.1
23.1

1.8
21.9
1.7
20.3
23.8

2.2
21.6
1.6
19.9
23.8

1.6
21.5
1.7
19.8
23.1

0.3
21.9
2.0
19.9
22.7

0.4
21.5
2.2
19.3
21.9

2
3
4
5
6

7 Gross investment
8 Capital expenditures
9
Residential construction
10
Plant and equipment
Chanse in inventories
11

23.4
19.6
1.9
12.0
5.8

23.9
-1.9
1.5
11.9
-15.4

24.0
19.5
1.6
12.2
5.7

23.9
17.7
1.6
10.4
5.8

23.3
9.3
2.0
8.8
-1.4

23.1
6.7
2.5
10.6
-6.4

23.1
1.9
2.3
10.9
-11.3

23.8
15.8
1.7
12.6
1.5

23.8
19.0
2.2
13.7
3.1

23.1
13.5
1.3
12.8
-.6

22.7
19.2
1.3
12.3
5.7

21.9
7
10.5 8
1.3 9
14.0 10
-4.7 11

14.0
4.3
1.1
3.2
3.8
-.6

16.4
1.8
-.2
2.0
2.5
-.5

21.2
3.3
0.5
2.8
2.8
0.1

8.0
2.2
0.1
2.1
2.9
-.9

4.8
2.5
0.4
2.0
2.2
-.2

9.6
2.2
1.0
1.3
1.1
0.2

3.5
3.8
1.8
2.0
2.1
-.1

11.4
3.2
1.7
1.5
1.4
O.i

12
13
14
15
16
17

-8.2
2.0
0.5
2.1
-.6

18
19
20
21
22

12
13
14
15
16
17

Net financial Investment
Net acq. of financial assets
Checkable dep. 2 currency
Miscellaneous assets
Insurance receivables
Equity in GSEs (2)

3.8
1.9
0.2
1.7
1.3
0.4

25.8
1.4
0.3
1.1
1.0
0.1

4.5
0.3
0.2
0.1
0.1

6.1
3.6
0.7
2.9
3.2
-.3

13
19
20
21
22

Net increase in liabilities
Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans

-1.9
6.7
4.1
3.2
-.6

-24.4
3.9
2.4
2.8
-1.3

-4.2
-.4
-1.2
1.0
-.1

-2.5
-14.5
-6.6
-4.4
-3.5

-9.7
-16.9
-10.1
-4.3
-2.5

-14.5
-11.1
-6.9
-2.2
-2.0

-17.9
-10.2
-4.8
0.8
-6.2

-5.8
0.6
-2.5
1.0
2.1

-2.3
2.3
-.3
2.1
0.5

-7.4
2.1
0.4
1.7

X

0.3
1.0
l.l
0.1
-.2

Trade debt
Proprietor net investment

0.7
-9.4

-.6
-27.7

-.9
-2.9

-2.6
14.5

-2.9
10.1

-1.2
-2.2

0.3
-8.5

0.5
-6.9

0.5
-5.1

0.2
-9.7

0.2
-.9

23
24

X

1.0 23
-11.2 24

(1) Includes corporate and noncorporate farms.

F.103 Nonfarm Noncorporate Business

1 Net income w/ IVA and CCAdj
2 Gross svg. = capital consump.

183.5
63.1

213.4
65.2

248.2
68.4

273.6
72.7

292.0
77.1

307.9
81.5

325.6
87.2

339.9
94.7

354.4
98.8

377.8
102.0

375.3
105.0

383.9
107.8

1
2

63.1
69.3
70.3
13.3
56.5
-1.0

65.2
70.1
69.6
16.8
52.8
0.5

68.4
87.8
84.3
18.6
66.2
3.0

72.7
96.5
95.6
21.0
74.6
0.9

77.1
97.4
97.0
23.0
74.0
0.5

81.5
97.7
96.1
22.3
73.8
1.6

87.2
101.2
99.9
21.2
78.7
1.3

94.7
105.1
103.5
20.7
82.8
1.6

98.8
91.5
91.4
20.0
71.3
0.2

102.0
78.8
78.8
14.0
64.9
-.1

105.0
70.9
71.1
15.3
55.7
-.1

107.3
85.6
84.6
17.0
67.6
1.0

3
4
5
6
7
8

-6.1
5.9
3.5
3.4
-.1
4.6
8.0
-13.5
2.0
*
-15.6

-4.8
32.7
8.2
13.6
2.8
4.3
7.4
-3.7
-4.6
*
0.9

-19.4
48.0
4.8
13.3
-.5
10.0
6.9
13.5
11.0

-23.9
39.8
11.5
11.5
0.3
4.7
4.5
7.4
4.8

-16.2
14.1
2.5
-1.8
-.4
-5.6
8.7
10.7
6.7
4.0

-10.4
27.5
4.3
8.6
1.4
-2.2
7.8
7.7
3.8
0.1
3.8

7.3
13.2
-.5
0.7
1.0
-2.7
5.0
9.6
6.0
-.1
3.7

34.1
14.3
5.5
-.8
0.6
-1.7
7.0
3.8
3.9

2.6

-14.0
40.6
7.7
9.3
0.5
2.3
12.1
8.8
4.8
4.0

23.3
-4.8
0.1
-3.4
-.1
-3.6
-2.9
5.2
2.1

2.4

-20.4
39.1
6.0
11.2
1.2
2.7
6.7
11.3
5.4
-.1
6.0

3.0

-.1

22.2
6.3
2.0
-3.0
1.4
-4.7
9.0
1.6
2.7
0.2
-1.3

9
10
11
12
13
14
15
16
17
18
19
20

3 Gross investment
4 Capital expenditures
Fixed investment
5
6
Residential construction
7
Plant and equipment
8
Change in inventories
9
10
11
12
13
14
15
16
17
18
19
20

Net financial investment
Net acq. of financial assets
Checkable dep. and curr.
Time deposits
Treasury securities
Consumer credit
Mortgages
Trade credit
Miscellaneous assets
Insurance receivaoles
Equity in GSEs (2)
Other

21
22
23
24
25

Net increase in liabilities
Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans

12.1
71.2
75.3
-9.5
4.9

37.5
72.2
63.4
-.5
9.2

67.4
111.6
83.8
16.8
11.0

63.7
123.3
109.1
6.2
8.0

59.4
99.1
78.3
11.9
8.9

30.3
75.0
60.7
6.1
8.1

54.6
60.4
45.7
4.4
10.3

37.9
40.3
33.4
2.6
4.3

5.9
10.1
9.2
2.9
-2.0

-28.1
-28.5
-10.8
-14.3
-3.4

-19.8
-43.9
-36.5
-4.5
-2.9

-16.0
-26.0
-25.3
-2.2
1.6

21
22
23
24
25

26
27
23
29

Taxes payable
Trade debt
Miscellaneous liabilities
Proprietor net investment

1.5
3.8
11.5
-75.9

1.8
0.5
14.0
-50.9

1.1
5.7
20.3
-71.2

3.4
5.4
8. 1
-76.5

1.7
4.2
4.2
-49.8

0.6
7.5
8.6
-61.4

2.9
4.2
8.8
-21.8

4.7
7.0
9.4
-23.4

0.6
2.1
9.9
-16.9

0.5
-4.0
7.6
-3.6

0.6
2.1
8.5
12.9

0.7
7.4
8.3
-6.3

26
27
28
29

X

(2) Equity in the Farm Credit System.
BILLIONS OF DOLLARS.




X

X

X

X

X

DECEMBER 7, 1994
Nonfinancial Business

Nonfinancial Business
F.101-F.103 Nonfinancial Business

12
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1991 |
IV
|

1992
I

II

III

I
1

IV

1993
I

II

IV

III

I
I

1994
II

I

III

F.101 All Nonfinancial Business

1
2

633.2
558.3

661.5
552.0

677.7
551.2

646.3
587.4

701.8
573.5

703.6
572.1

716.4
583.4

680.2
591.2

753.5
621.6

741.3
649.2

770.5
639.3

762.6 Income before taxes
644.7 Gross savins

1
2

3
4
5
6
7
6
9

536.4
475.4
461.0
16.2
444.8
14.4
-

523.5
452.2
458.5
16.8
441.7
-6.3
-

509.1
481.3
477.4
17.6
459.8
3.9
-

578.8
483.9
478.7
17.7
461.0
5.2
-

521.6
487.0
477.7
19.2
458.5
9.3
-

554.8
519.5
499.5
19.3
480.3
20.0
-.1

565.0
535.6
517.2
19.3
497.9
18.6
-.2

540.6
535.2
520.9
20.0
501.0
13.9
0.4

572.0
555.8
546.9
20.2
526.7
9.0
-.1

644.4
591.4
567.3
20.8
546.5
24.1
-

634.5
648.0
580.6
21.0
559.6
67.4
-

626.3 Gross investment
668.9 Capital expenditures
607.3
Fixed investment
21.4
Residential construction
585.9
Plant and equipment
61.6
Chans* in inventories
Mineral rts. from U.S. sovt.
-

3
4
5
6
7
8
9

10
11

61.0
72.0

71.3
167.9

27.8
159.0

94.8
148.0

34.6
164.6

35.3
8.0

29.4
98.1

5.4
115.7

16.3
148.0

53.0
187.9

-13.5
147.8

-42.5
128.2

12
13
14
15
16
17
18
19
20
21
22
23
24

11.1
48.0
-118.5
-5.2
60.2
-44.4
-58.4
-7.5
-63.3
20.5
-4.8
59.7
6.1

96.7
46.0
13.3
-3.2
76.5
-44.3
-17.0
10.3
-9.0
32.7
10.8
-9.8
3.7

131.2
36.0
2.2
-1.4
77.8
-43.8
-32.7
-2.0
4.3
39.5
3.7
28.7
21.0

53.2
12.0
-25.4
-1.0
61.7
-87.2
-3.2
4.0
0.3
23.1
8.0
32.7
2.7

130.0
14.0
1.9
5.4
54.0
-76.4
-13.1
22.3
9.6
34.3
9.1
50.3
20.4

-27.3
8.2
-11.6
-4.3
85.7
-25.9
-24.5
-14.1
-28.5
35.2
5.5
-44.0
-20.5

68.7
23.2
26.7
-.6
75.7
-66.5
17.3
33.2
-32.4
34.3
6.2
-3.9
-17.9

110.3
32.3
24.1
1.3
72.0
-21.4
-16.6
17.2
-28.5
35.7
-4.9
31.9
-8.8

1-31.8
21.5
48.2
3.3
67.4
-46.4
10.4
3.8
9.8
32.1
4.0
48.8
-23.0

134.8
-9.6
131.4
-4.4
35.1
-23.0
45.0
8.0
70.7
22.1
12.2
21.8
-43.1

161.4
-2.0
144.7
0.2
38.9
10.3
67.4
16.4
11.6
67.6
-1.2
-7.0
-40.8

170.7
-50.0
156.4
-3.8
24.6
16.4
75.2
33.8
10.3
46.9
5.7
49.4
-37.8

25

22.0

28.4

42.0

8.6

51.9

17.3

18.4

50.5

49.5

4.8

4.8

Net financial investment
10
Net acq. of financial assets 11

Net increase in liabilities
Corporate equities
Credit market instruments
Tax-exempt debt
Corporate bonds
Mortsases
Bank loans n.e.c.
Commercial oaper
Other loans
Trade debt
Taxes payable
Miscellaneous liabilities
Proprietor net investment

18.3 Discrepancy

12
13
14
15
16
17
18
19
20
21
22
23
24
25

F.,102 Farm Business (1)
1

36.6

49.0

43.7

38.8

46.0

49.6

39.4

15.8

44.4

47.2

39.3

2
3
4
5
6

1.2
21.6
1.8
19.8
22.8

1.0
21.8
1.9
19.9
22.8

0.8
22.0
2.0
20.0
22.8

0.6
22.0
2.0
20.0
22.6

0.7
21.8
2.1
19.7
22.5

0.4
21.6
2.1
19.5
22.0

0.6
21.4
2.2
19.2
21.9

0.4
21.4
2.2
19.2
21.8

0.4
21.6
2.2
19.4
22.1

0.3
21 .8
2.2
19.6
22.2

0.3
21.9
2.2
19.8
22.3

29.8 Proprietor net income
w/IVA & CCAdj.
0.3 Net savins (corporate)
22.1 Capital consumption allow.
2.2
Corporate
20.0
Noncorporate
22.4 Gross savins

2
3
4
5
6

7
8
9
10
11

22.8
11.0
l.l
12.3
-2.3

22.8
24.1
1.1
13.1
9.9

22.3
20.3
1.2
11.8
7.2

22.6
17.6
1.3
11.6
4.7

22.5
14.8
1.3
12.6
0.9

22.0
12.9
1.3
13.2
-1.6

21.9
10.1
1.2
14.2
-5.3

21.8
5.1
1.2
14.1
-10.3

22.1
14.0
1.4
14.3
-1.7

22.2
19.7
1.6
16.4
1.8

22.3
25.3
1.5
16.8
7.0

22.4 Gross investment
28.3 Capital expenditures
1.6
Residential construction
17.5
Plant ano equipment
9.3
Chanse in inventories

7
8
9
10
11

12
13
14
15
16
17

11.8
2.5
0.8
1.8
1.3
0.4

-1.3
3.4
1.8
1.6
1.8
-.2

2.5
3.6
1.8
1.3
2.2
-.4

5.0
4.5
1.8
2.6
2.3
0.4

7.7
3.8
1.9
1.9
1.9
-

9.1
3.5
1.7
1.8
1.6
0.3

11.8
3.1
1.7
1.5
1.3
0.2

16.7
2.9
1.7
1.3
1.2
X

8.0
3.1
1.7
1.5
1.5

2.4
3.5
1.7
1.9
1.7
0.2

-3.1
3.6
1.7
1.9
1.9
0.1

-5.9
3.8
1.7
2.2
2.1
0.1

Net financial investment
Net acq. of financial assets
Checkable dep. 3 currency
Miscellaneous assets
Insurance receivables
Equity in GSEs (2)

12
13
14
15
16
17

18
19
20
21
22

-9.3
-.4
0.9
0.8
-2.1

4.7
-.2
-.6
0.4
X

1.1
5.1
2.7
1.8
0.6

-.5
1.6
2.8
-.4
-.8

-3.9
-2.4
-.5
-1.5
-.4

-5.6
-2.3
0.2
-.6
-1.9

-8.7
2.7
1.0
1.8
-.1

-13.8
4.1
0.4
3.8
-.1

-4.9
3.6
0.2
3.6
-.2

1.1
3.1
0.8
1.9
0.4

6.6
11.8
6.0
6.0
-.2

9.7
3.6
3.7
2.2
-2.3

Net increase in liabilities
Credit market instruments
Mortsases
Bank loans n.e.c.
Other loans

18
19
20
21
22

23
24

0.2
-9.0

0.2
4.6

0.1
-4.1

0.2
-2.3

0.5
-1.9

1.0
-4.3

1.0
-12.4

1.0
-18.8

1.0
-9.5

1.0
-3.0

1.0
-6.1

1.0
5.1

Trade debt
Proprietor net investment

23
24

(1)

1

Includes corporate and noncorporate farms.

F.103 Nonfarm Noncorporate Business

1
2

380.0
106.4

381.1
94.9

376.6
95.5

358.6
124.1

384.9
105.5

385.9
113.7

384.6
110.8

379.9
93.0

385.1
113.8

362.7
124.2

376.8
116.7

368.1 Net income w/ IVA and CCAdj
119.1 Gross svg. = capital consump.

1
2

3
4
5
6
7
8

106.4
77.3
76.4
14.0
62.4
0.8

94.9
66.0
66.8
14.5
52.3
-.8

95.5
71.8
72.0
15.2
56.8
-.2

124.1
72.3
72.3
15.1
57.2
X

105.5
73.6
73.2
16.5
56.7
0.4

113.7
81.9
80.8
16.6
64.2
1.1

110.8
84.0
82.3
16.7
66.1
1.2

93.0
86.0
84.8
17.3
67.5
1.2

113.8
90.5
90.0
17.3
72.7
O.S

124.2
96.9
95.8
17.8
78.0
1.1

116.7
102.0
98.1
18.0
80.1
3.8

119.1 Gross investment
105.3 Capital expenditures
101.5
Fixed investment
18.3
Residential construction
83.2
Plant and eauipment
Change in inventories
3.8

3
4
5
6
7
8

9
10
11
12
13
14
15
16
17
18
19
20

29.1
-3.8
0.4
-4.8
0.3
-3.9
-1.3
5.0
2.6
0.2
2.3

28.9
13.8
5.3
-.3
0.3
-1.6
6.0
4.2
3.5
-.1
0.8

23.7
15.9
5.3
-.2
0.7
-1.6
7.0
4.3
4.3
0.5

51.8
15.0
5.5
-.4
0.7
-1.7
7.0
3.9
4.4
X
-.5

31.9
12.5
5.7
-2.4
0.7
-2.0
8.0
2.4
3.7
-1.2

31.8
3.2
1.1
-5.0
1.4
-4.4
8.1
2.0
3.0
0.2
-1.2

26.8
6.1
2.0
-2.8
1.4
-4.6
8.8
1.3
2.4
X
-1.1

6.9
6.9
2.1
-2.3
1.4
-4.7
9.2
1.2
2.4
0.2
-1.4

23.3
8.9
2.8
-2.0
1.4
-4.9
9.8
1.8
2.9
0.2
-1.3

27.2
10.1
3.0
-.9
1.4
-5.1
9.6
2.0
3.3
0.2
-1.5

14.7
13.0
3.5
-.6
1.5
-3.2
9.6
2.2
3.6
0.2
-1.6

13.8
13.4
4.0
0.4
1.5
-3.4
9.6
1.3
3.0
X
-1.7

Net financial investment
Net acq. of financial assets
Checkable dep. and curr.
Time deposits
Treasury securities
Consumer credit
Mortgages
Trade credit
Miscellaneous assets
Insurance receivables
Equity in GSEs (2)
Other

9
10
11
12
13
14
15
16
17
18
19
20

21
22
23
24
25

-33.0
-53.2
-28.2
-20.4
-4.6

-15.0
-22.1
-18.7
-4.0
0.7

-7.8
-45.3
-29.5
-10.6
-5.3

-36.8
-54.3
-48.3
-2.5
-3.5

-19.4
-53.9
-49.6
-1.0
-3.3

-28.6
-28.6
-20.4
-7.8
-.4

-20.7
-33.4
-37.2
6.2
-2.4

-.1
-26.2
-18.0
-10.7
2.5

-14.4
-15.6
-25.6
3.3
6.7

-17.1
8.4
-15.2
8.3
15.3

-1.7
16.5
4.6
9.7
2.2

-.4
26.9
7.1
12.3
7.5

Net increase in liabilities
Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans

21
22
23
24
25

26
27
28
29

0.4
-4.0
8.6
15. 1

0.6
-1.4
8.7
-.9

0.6
3.2
8.6
25.1

0.6
3.2
8.6
5.0

0.7
3.2
8.3
22.3

0.7
7.4
8.2
-16.3

0.7
10.0
7.5
-5.5

0.7
6.0
9.5
10.0

0.7
6.0
7.9
-13.5

0.7
4.0
9.8
-40.1

0.8
6.8
8.9
-34.6

0.8
4.9
9.9
-42.9

Taxes payable
Trade debt
Miscellaneous liabilities
Proprietor net investment

26
27
28
29

(2, Equity in the Farm Credit System.
BILLIONS OF DOLLARS.




DECEMBER 7, 1994
Nonfinancial Corporations

Nonfinancial Corporations
F.104 Nonfarm Nonfinancial Corporata Business
ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

Profits before tax (book)
- Profit tax accruals
- Dividends
« U.S. undistributed profits

133.0
46.2
56.2
30.6

156.0
59.3
66.2
30.5

189.0
73.4
69.2
46.4

165.5
69.7
74.1
21.7

149.0
75.2
75.9
-2.1

212.1
93.1
77.7
41.3

256.1
101.3
81.1
73.6

232.4
99.1
101.2
32.2

231.3
93.4
117.4
20.5

211.3
82.7
123.9
4.7

252.2
87.4
135.0
29.6

292.3
116.3
158.5
17.5

1
2
3
4

5 + Capital consumption adj.
6 + Depreciation charges, NIPA
7 « U.S. internal funds, book

-12.4
227.5
245.7

11.4
240.1
282.0

28.1
246.1
320.7

54.1
256.0
331.9

43.6
269.2
310.8

45.1
279.2
365.6

43.0
295.1
411.7

37.4
314.8
384.3

32.8
326.6
379.8

29.4
338.6
372.6

28.4
349.3
407.5

42.6
357.6
417.7

5
6
7

8 + Fgn. earnings ret. abroad
9 + Inv. valuation adjustment
10 « Total internal funds + IVA

11.8
-10.0
247.5

18.8
-8.5
292.3

19.7
-4.1
336.3

19.8
0.3
351.9

16.2
9.8
336.7

24.8
-14.5
375.9

19.9
-27.3
404.3

32.8
-17.5
399.6

42.8
-11.0
411.6

47.6
5.8
426.0

37.3
-6.5
438.4

50.8
-6.2 9
462.3 10

11 Gross Investment
12 Capital expenditures (1)
Fixed Investment
13
Residential construction
14
Plant and equipment
15
Inventory change + IVA
16
Mineral rts. from U.S. govt.
17

259.2
278.8
298.5
1.0
297.5
-20.7
1.0

258.1
294.0
283.4
1.3
282.1
9.4
1.3

320.3
391.6
328.2
1.5
326.7
62.3
1.0

325.2
370.2
351.9
1.7
350.2
18.0
0.4

299.5
344.2
333.8
1.8
332.0
9.6
0.8

303.6
361.5
330.2
1.8
328.4
31.1
0.2

345.9
391.0
364.5
1.6
362.9
26.2
0.3

341.2
401.1
370.7
1.6
369.1
30.2
0.2

364.8
402.8
399.0
1.4
397.6
3.6
0.2

389.7
379.8
381.0
1.1
379.9
-1.1
-.1

405.6
386.0
388.5
1.3
387.3
-2.5
-

428.4
440.4
421.3
1.4
419.9
19.1

18
19

Net financial investment
Net acq. of financial assets

-19.6
64.6

-35.9
116.4

-71.2
103.8

-45.0
97.0

-44.7
157.5

-57.9
130.9

-45.1
184.8

-59.9
108.3

-38.0
85.9

9.9
55.6

19.6
141.8

-12.0 18
83.0 19

20
21
22
23
24
25
26
27
28
29
30
31

Liquid assets
Checkable dep. and curr.
Small time & svgs. dep.
Large time deposits
Money mkt. fund shares
Security RPs
Foreign deposits
U.S. govt, securities
Treasury
Agency
Tax-exempt securities
Commercial paper

45.8
7.9
2.8
8.5
0.6
8.7
-2.9
10.3
10.2
0.1
0.1
9.9

52.4
20.8
2.9
8.7
-7.9
6.2
8.3
8.0
8.0

0.7
4.7

44.4
29.1
0.9
2.8
4.9
0.5
-1.3
4.2
4.3
-.1
-.1
3.4

47.3
26.5
1.5
4.5
-1.5
7.0
9.3
-1.1
-1.0
-.1
0.8
0.5

82.6
22.0
1.3
5.9
3.6
9.5
24.5
17.2
17.3
-.1
3.1
-4.4

45.5
18.8
0.7
3.4
0.8
0.8
9.1
3.6
3.7
-.1
2.6
5.7

31.4
-1.5
2.5
11.5
-3.3
8.2
14.9
-2.7
-2.6
-.1
1.5
0.4

57.9
13.9
-.4
-1.8
0.5
-4.1
39.0
6.1
5.7
0.4
-.6
5.4

38.8
8.1
-.9
-3.2
10.2
-5.9
37.5
-7.1
-7.9
0.8
-1.4
1.5

16.6
8.3
1.3
3.8
5.2
-l.S
-11.3
10.0
8.4
1.6
1.6
-.8

12.3
-10.4
-.8
-6.7
15.8
-6.5
-6.0
24.7
22.7
2.0
0.6
1.6

-9.3
2.5
1.1
3.1
-2.5
-9.2
-11.7
2.0
-.8
2.8
2.2
3.4

32
33
34

Consumer credit
Mutual fund shares
Trade credit

0.5
1.1
-15.6

4.6
1.2
51.0

3.0
2.8
47.1

4.1
3.7
39.3

4.5
3.8
25.1

7.0
-2.7
45.3

6.9
-2.7
72.0

2.9
-1.6
43.7

3.3
-1.3
15.2

-4.1
2.7
-2.7

2.4
4.7
31.6

10.5 32
6.8 33
18.0 34

35
36
37
38
39
40

Miscellaneous assets
US dir. invest, abr. (2)
Insurance receivables
Equity in GSEs (3)
Inv. in finance co.subs.
Other

32.7
10.8
2.7
0.1
1.1
18.1

7.3
8.2
3.5

6.5
12.0
5.1

35.8
21.9
10.7
0.4
-6.2
9.0

5.4
19.1
14.6

29.9
27.8
2.4

-3.3
64.6

-.4
-28.0

6.2
-6.5

43.1
29.3
3.8
0.5
2.2
7.2

90.8
34.3
7.1

1.1
-11.8

41.6
12.1
18.8
0.1
2.1
8.5

77.2
5.8
10.2

1.1
-5.5

2.6
8.7
4.2
0.1
4.7
-15.2

1.7
47.7

57.0 35
41.9 36
4.8 37
38
0.8 39
9.5 40
95.1 41
67.1 42
21.3 43

1
2
3
4

X

x

X

X

X

X

X

a

X

11
12
13
14
15
16
17

20
21
22
23
24
25
26
27
28
29
30
31

X

41
42
43

Net increase in liabilities
Net funds raised in mkts.
Net new equity issues

84.1
70.0
1.9

152.3
101.0
20.0

175.0
118.9
-79.0

142.0
84.7
-84.5

202.1
148.1
-85.0

188.8
89.3
-75.5

229.9
95.0
-129.5

168.2
68.0
-124.2

123.9
48.3
-63.0

45.7
8.7
18.3

122.2
67.9
27.0

44
45
46
47
48
49

Credit mkt. instruments
Tax-exempt debt (4)
Corporate bonds (2)
Mortgages
Bank loans n.e.c.
Commercial paper

68.1
15.1
30.7
-36.1
57.2
-6.1

81.0
9.4
26.0
0.8
19.4
-.8

197.9
20.5
48.1
4.8
50.2
21.7

169.2
22.6
83.2
-8.0
32.0
14.6

233.0
-9.9
127.1
32.8
49.6
-9.3

164.8
-.9
78.8
37.6
8.6
1.6

224.5
0.2
103.1
21.5
36.9
11.9

192.1
-.9
73.8
13.6
34.2
21.4

111.3
-.3
47.1
-3.8
1.8
9.7

-9.6
-1.2
78.8
0.2
-24.9
-18.4

40.9
67.5
-27.5
-12.0
8.6

45.8
-.1
75.2
-15.2
-3.2
10.0

44
45
46
47
48
49

56.8
-6.3
18.7
-.8
-6.6
48.8
3.0

-44.2
-5.3
-.5
-.8
-5.9
-34.1
2.4

4.3
-5.0
2.9
-.1
-2.9
7.2
2.3

-20.9
-.8
-5.3
0.2
-3.3
-19.4
7.7

50
51
52
53
54
55
56

57
58
59
60
61

X

50
51
52
53
54
55
56

Other loans
Savings institutions
Finance companies
U.S. government
Accept.liab.to banks
Rest of the world
ABS issuers

7.3
0.9
0.7
1.3
-.8
5.1
-

26.3
3.0
10.4
-.5
7.0
6.3
-

52.5
4.5
19.5
1.2
2.8
24.6
-

24.9
4.3
16.7
-2.6
-2.1
8.6
-

42.7
5.2
14.8
1.5
-.2
21.4

39.2
0.5
29.3
0.1
4.4
4.8
-

50.9
1.7
25.3
-1.0
25.0
-

49.9
-.9
21.0
-.4
3.2
26.4
0.5

57
58
59
60
61

Taxes payable
Trade debt
Miscellaneous liabilities
Fgn. dir. invest, in US
Pen. fund contr. payable

-4.3
4.9
13.5
8.1
5.3

3.1
37.0
11.3
3.0
3.3

3.5
33.7
18.9
18.7
0.2

-3.2
34.0
26.4
17.8
8.6

3.8
13.7
36.6
32.1
4.5

5.1
39.9
54.5
52.3
2.2

1.7
59.2
74.0
69.4
4.6

-3.1
30.5
72.8
61 .8
11.0

-5.0
29.3
51.3
55.9
-4.6

-8.2
12.3
32.9
12.0
20.9

7.2
30.1
16.9
9.0
8.0

2.0
26.0
-.1
-9.8
9.8

62 Discrepancy

-11.7

34.2

16.0

26.7

37.1

72.4

58.4

58.4

46.7

36.4

32.3

34.0 62

Memo:
63 Trade credit net of trade debt
64 Earnings rec. from abroad

-20.5
16.1

14.0
11.6

13.4
11.4

5.2
11.1

11.4
16.8

5.4
14.7

12.8
29.2

13.1
26.7

-14.1
25.2

-15.0
20.9

1.5
23.4

-8.0 63
14.5 64

(1) Capital outlays on book basis:
65 Inventory change, NIPA
66 Less:
Inv. val. adjustment
67 = Inventory change before IVA

-20.7
-10.0
-10.7

9.4
-8.5
17.8

62.3
-4.1
66.4

18.0
0.3
17.7

9.6
9.8
-.1

31.1
-14.5
45.6

26.2
-27.3
53.5

30.2
-17.5
47.8

3.6
-11.0
14.6

-1.1
5.8
-6.9

-2.5
-6.5
3.9

19.1 65
-6.2 66
25.3 67

288.7
395.6
302.5
68 Total cap. expend, before IVA
245.7
282.0
69 Less: US internal funds, book
320.7
= Financing gap:
Excess of capital expenditures
43.0
20.5
over U.S. internal funds
70
74.9

37 0.0
331.9

334.5
310.8

375.9
365.6

418.3
411.7

418.7
384.3

413.9
379.8

374.0
372.6

392.5
407.5

446.6 68
417.7 69

71 Capital exp./US internal funds
72 Cr. mkt. borrowing/capital exp

117.4%
23.5%

107.2%
26.7%

123.3%
50.0%

38.1

23.7

10.3

6.6

34.3

34.0

1.4

-15.0

28.9 70

111.4%
45.7%

107.6%
69.6%

102.8%
43.8%

101.5%
53.6%

108.9%
45.3%

108.9%
26.8%

100.3%
-2.5%

96.3%
10.4%

106.9% 71
10.2% 72

(2) Through 1992:Q4, corporate bonds include net issues by Netherlands
Antillean financial subsidiaries, and U.S. direct investment abroad
excludes net inflows from those bond issues.
(3) Equity in the Federal National Mortgage Association.
(4) Industrial revenue bonds.
Issued by state and local governments
to finance private investment and secured in interest and
principal by the industrial user of the funds.

BILLIONS OF DOLLARS.




X

DECEMBER 7, 1994
Nonfinancial Corporations

Nonfinancial Corporations

F.104 Nonfarm Nonfinancial Corporate Business

14

SEASONALLY ADJUSTED ANNUAL RATES
1991 |
IV
|

SEASONALLY ADJUSTED ANNUAL RATES

1992
J[

II

III

IV

1
1

1993
I

II

III

IV

I
1

I

1994
II

III

1
2
3
4

216.6
85.0
126.0
5.6

231.4
78.9
123.9
28.7

257.4
89.8
130.2
37.3

248.9
86.0
136.2
26.7

270.9
94.7
149.8
26.4

268.1
105.8
159.3
3.1

292.4
116.3
155.4
20.7

284.5
113.1
158.1
13.4

324.0
130.3
161.0
32.7

331.5
132.0
158.1
41.3

354.4
142.9
162.9
48.6

364.8
147.3
157.9
59.6

Profits before tax (book)
- Profit tax accruals
- Dividends
= U.S. undistributed profits

1
2
3
4

5
6
7

32.9
340.6
379.2

30.7
341.8
401.2

28.4
344.0
409.7

24.2
362.5
413.3

30.3
349.1
405.9

34.3
352.6
390.0

39.6
355.1
415.4

44.7
362.4
420.5

51.8
360.4
444.9

50.8
381.3
473.5

52.1
372.0
472.7

52.8 * Capital consumption adj.
377.9 * Depreciation charges, NIPA
490.2 a U.S. internal funds, book

5
6
7

a

50.8
-.8
429.2

37.1
-4.0
434.3

39.8
-16.6
432.9

34.7
-7.5
440.7

37.6
2.1
445.6

57.6
-11.2
436.4

45.3
-10.0
450.7

52.9
3.0
476.4

47.3
-6.5
485.7

41.7
-12.3
502.9

41.8
-14.1
500.4

32.5 * Fgn. earnings ret. abroad
-19.6 ♦ Inv. valuation adjustment
503.1 a Total internal funds + IVA

8
9
10

11
12
13
14
15
16
17

407.2
387.1
371.2
1.1
370.1
15.9

405.8
362.1
377.5
1.2
376.3
-15.4

390.8
389.2
392.4
1.2
391.2
-3.1
-

432.1
394.1
393.6
1.3
392.3
0.5
-

393.7
398.7
390.7
1.4
389.3
8.0
-

419.1
424.7
404.2
1.4
402.8
20.5
-.1

432.3
441.5
419.0
1.4
417.6
22.7
-.2

425.9
444.1
420.8
1.4
419.3
23.0
0.4

436.2
451.2
441.1
1.4
439.7
10.2
-.1

498.1
474.7
453.5
1.5
452.1
21.2
-

495.6
520.7
464.2
1.5
462.7
56.6
-

484.7 Gross investment
535.2 Capital expenditures (1)
486.7
Fixed investment
1.5
Residential construction
Plant and equipment
485.2
48.5
Inventory change ♦ IVA
Mineral rts. from U.S. govt.
-

11
12
13
14
15
16
17

IB
19

20.1
73.4

43.7
150.7

1.6
139.5

38.0
128.5

-5.0
148.3

-5.6
1.4

-9.3
88.9

-13.2
105.9

-15.0
136.0

23.4
174.2

-25.2
131.3

-50.5
111. 0

Net financial investment
18
Net acq. of financial assets 19

20
21
22
23
24
25
26
27
2B
29
30
31

-16.3
-.2
2.1
-6.8
4.7
-4.6
-6.9
0.9
-.7
1.6
1.8
-7.3

21.1
14.8
-1.4
-6.4
16.4
-1.0
-31.0
25.6
23.6
2.0
-5.6
9.7

25.5
-5.7
-.8
-6.8
18.9
-7.5
2.0
27.5
25.5
2.0
6.1
-8.0

-2.7
-37.9
1.4
-13.5
17.8
-12.3
24.4
18.1
16.1
2.0
-2.3
1.7

5.3
-12.8
-2.2
-.2
10.1
-5.0
-19.4
27.5
25.5
2.0
4.3
2.9

-8.6
1.7
1.4
4.6
2.5
-10.0
-5.0
-3.0
-5.8
2.8
-1.9
1.3

-23.8
4.7
1.4
-3.1
-5.1
-9.5
-18.6
1.4
-1.4
2.8
3.9
1.1

-3.0
11.5
5.9
0.5
-6.3
-9.9
-25.6
13.9
ll.l
2.8
6.2
0.8

-1.8
-7.9
-4.4
10.2
-1.2
-7.2
2.3
-4.3
-7.1
2.3
0.4
10.4

45.9
3.1
3.6
-.7
2.8
-.9
19.4
36.8
32.4
4.4
-4.2
-13.3

61.2
-8.5
2.8
4.4
5.7
-.4
45.9
15.3
10.1
5.2
-1.4
-2.6

-10.1
-3.6
-1.5
-.8
1.3
0.7
8.0
-6.3
-6.3
-4.0
-3.3

Liquid assets
Checkable dep. and curr.
Small time 8 svgs. dep.
Large time deposits
Money mkt. fund shares
Security RPs
Foreign deposits
U.S. govt, securities
Treasury
Agency
Tax-exempt securities
Commercial paper

20
21
22
23
24
25
26
27
28
29
30
31

32
33
34

-10.7
2.1
15.9

-5.2
8.7
39.9

5.1
3.0
37.7

12.5
3.8
22.0

-2.9
3.2
26.6

1.3
5.7
32.2

10.9
8.9
20.1

20.3
6.1
2.9

9.5
6.3
16.9

3.1
0.2
54.3

12.5
1.5
68.3

12.4
-3.1
47.9

Consumer credit
Mutual fund shares
Trade credit

32
33
34

35
36
37
38
39
40

82.4
41.0
0.6
-4.1
44.9

86.3
27.5
6.2
0.1
52.4

63.1
47.8
7.7
0.1
0.8
11.8

92.8
38.2
7.9
-.1
0.1
46.7

116.2
23.8
6.6

72.8
61.6
4.3
4.1
2.7

79.6
46.9
4.2
w
-.9
29.3

105.1
24.8
5.1

63.9
59.2
5.0

-3.7
78.9

70.6
56.5
5.9
0.2
-3.5
11.5

-12.2
61.9
6.4

5.9
79.9

-29.3
34.2
5.4
0.1
3.9
-72.9

7.2
-87.7

10.5
-10.9

Miscellaneous assets
US dir. invest, abr. (2)
Insurance receivables
Equity in GSEs (3)
Inv. ln finance co.subs.
Other

35
36
37
38
39
40

41
42
43

53.3
-16.9
48.0

107.0
81.6
46.0

137.8
78.4
36.0

90.5
39.4
12.0

153.3
72.2
14.0

7.0
27.5
8.2

98.1
80.6
23.2

124.1
78.6
32.3

151.1
81.7
21.5

150.8
110.3
-9.6

156.4
114.4
-2.0

161.5
75.9
-50.0

Net Increase in liabilities
Net funds raised in mkts.
Net new equity issues

41
42
43

44
45
46
47
48
49

-64.9
-5.2
60.2
-17.1
-38.7
-7.5

35.6
-3.2
76.5
-25.0
-13.3
10.3

42.4
-1.4
77.8
-17.0
-23.9
-2.0

27.4
-1.0
61.7
-41.7
-.3
4.0

58.2
5.4
54.0
-26.3
-10.6
22.3

19.3
-4.3
85.7
-5.7
-16.1
-14.1

57.4
-.6
75.7
-30.4
9.4
33.2

46.3
1.3
72.0
-3.3
-9.7
17.2

60.2
3.3
67.4
-21.1
3.6
3.8

119.9
-4.4
35.1
-8.6
34.8
8.0

116.4
0.2
38.9
-.3
51.8
16.4

125.9
-3.8
24.6
5.6
60.6
33.8

Credit mkt. instruments
Tax-exempt debt (4)
Corporate bonds (2)
Mortgages
Bank loans n.e.c.
Commercial paper

44
45
46
47
48
49

50
51
52
53
54
55
56

-56.6
-2.5
-13.5
-.6
-6.7
-36.9
3.7

-9.7
-3.7
2.3
-.2
-7.5
1.3
-2.0

9.0
-3.0
-1.6
-.2
-3.1
12.2
4.7

4.7
-2.1
-3.1
-1.8
12.5
-.8

13.3
-11.3
14.0
0.1
0.7
2.7
7.1

-26.2
-2.3
-17.4
0.1
0.8
-20.4
12.9

-29.9
-.4
-11.9
0.3
-5.3
-19.2
6.7

-30.9

11.9
0.2
-4.8
-33.9
-4.5

3.2
-.5
-4.0
0.4
-4.1
-4.2
15.8

55.0
-.9
36.1
0.4
1.9
10.2
7.3

9.6
-.2
26.7
0.5
-1.8
-12.7
-2.9

23.3
O.S
-.8
-18.0
0.1

Other loans
Savings institutions
Finance companies
U.S. government
Accept.liab.to banks
Rest of the world
ABS issuers

50
51
52
53
54
55
56

57
58
S9
60
61

-5.2
24.2
51.1
26.0
25.1

10.1
33.9
-18.5
-13.7
-4.8

3.1
36.2
20.1
19.4
0.7

7.3
19.7
24.1
15.3
8.7

8.5
30.6
42.1
14.7
27.3

4.9
26.8
-52.3
-65.3
13.1

5.5
23.3
-11.3
-15.5
4.2

-5.6
28.8
22.4
8.1
14.3

3.3
25.1
41.0
33.4
7.5

11.5
17.2
11.9
25.6
-13.7

-2.0
59.8
-15.8
-10.9
-4.9

5.0
41.0
39.6
24.6
15.0

Taxes payable
Trade debt
Miscellaneous liabilities
Fgn. dir. invest, in US
Pen. fund contr. payable

57
58
59

62

22.0

28.4

42.0

8.6

51.9

17.3

13.4

50.5

49.5

4.8

4.8

9
10

M

K

N

K

63
64

-8.3
20.1

6.0
26.5

1.5
23.9

2.3
26.0

-4.0
17.0

5.4
9.8

-3.2
17.5

-25.8
16.1

-8.2
14.4

37.1
19.3

8.5
18.9

65
66
67

15.9
-.8
16.7

-15.4
-4.0
-11.4

-3.1
-16.6
13.5

0.5
-7.3
7.8

8.0
2.1
5.9

20.5
-11.2
31.7

22.7
-10.0
32.7

23.0
3.0
20.0

10.2
-6.5
16.7

21.2
-12.3
33.5

56.6
-14.1
70.7

68
89

387.9

379.2

366.1
401.2

405.8
409.7

401.4
413.3

396.6
405.9

435.9
390.0

451.5
415.4

441.1
420.5

457.7
444.9

78

8.7

-35.0

-3.9

-11.9

-9.3

45.9

36.1

20.6

12.8

71
72

102.2X
-16.7X

91.2X
9.7X

99.OX
10.4X

97. IX
6.8X

97.7X
14.6X

111.7X
4.4X

108.6X
12.7X

104.8X
1 0.4X

102.8X
13. IX

N

5.1

M

18.3 Discrepancy

113.IX
21.7X

(1) Capital outlays on book basis:
48.5 Inventory change, NIPA
-19.6 Less:
Inv. val. adjustment
68.1 a Inventory change before IVA




65
66
67

68
69

70

113.IX Capital exp./US Internal funds 71
22.6X Cr. mkt. borrowing/capital exp 72

(2) Through 1992:Q4, corporate bonds include net issues oy Netherlands
Antillean financial subsidiaries, and U.S. direct investment abroad
excludes net inflows from those bond issues.
(3) Equity in the Federal National Mortgage Association.
(4) Industrial revenue bonds.
Issued by state and local governments
to finance private investment and secured in interest and
principal by the industrial user of the funds.

BILLIONS OF DOLLARS

62

Memo j
6.9 Trade credit net of trade debt 63
64
28.8 Earnings rec. from abroad

487.0
534.8
554.8 Total cap. expend, before IVA
473.5
472.7
490.2 Less: US internal funds, book
s Financing gap: Excess of capital expenditures
64.6
13.5
62.1
over U.S. internal funds

102.8X
24.6X

60

61

DECEMBER 7, 1914
State and Local Governments

15

State and Local Governments
F.105 State and Local Governmental Excluding Employee Retirement Funds (1)

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1 Receipts, NIPA basis
Tax receipts
2
3
Social Insurance receipts
4
Grants-in-aid received

409.0
289.3
35.9
83.9

443.5
318.8
37.7
87.0

492.2
357.6
40.2
94.4

528.7
385.5
42.9
100.3

571.3
416.3
47.3
107.7

594.3
442.3
49.2
102.8

631.3
468.1
51.9
111.3

681.5
508.5
54.8
118.2

730.0
539.4
58.3
132.3

783.6
569.3
61.0
153.3

842.9
606.3
64.5
172.2

891.1
637.1
67.8
186.1

1
2
3
4

S Expenditures, NIPA basis
6
Puroh. of goods and services
7
Net interest and transfers

382.1
341.1
41.0

403.2
360.3
42.9

434.1
389.9
44.2

472.6
428.1
44.5

516.9
465.3
51.6

554.3
496.6
57.6

593.0
531.7
61.3

636.7
573.6
63.1

705.0
621.0
84.0

766.6
651.6
115.0

818.1
676.3
141.8

864.7
704.8
159.9

5
6
7

8 Net surplus, NIPA basis
9 - Pension fund reserves
10 * Gross saving

26.9
31.7
-4.8

40.3
35.1
5.2

58.1
45.3
12.8

56.1
53.4
2.7

54.4
71.7
-17.4

40.1
59.8
-19.7

38.4
56.0
-17.7

44.8
80.1
-35.3

25.0
70.0
-45.0

17.0
61.2
-44.2

24.8
72.0
-47.2

26.4 8
82.7 9
-56.3 10

11 Net financial Investment
12
Net acq. of financial assets
13
Checkable dep. and curr.
14
Time deposits
15
Security RPs

-1.7
29.7
-1.6
3.8
2.4

11.6
47.0
-.7
-6.3
15.4

6.8
43.5
5.0
0.2
11.9

8.7
144.7
1.1
7.0
8.2

2.0
58.6
2.5
2.4
5.5

-16.4
60.6
-.7
7.1
20.7

-.1
43.6
3.0
-2.0
19.7

-38.5
32.3
0.4
-2.8
1.9

-38.9
10.2
-1.0
-2.7
-23.7

-52.8
10.5
4.7
-9.9
-14.9

-36.7
-18.0
3.1
-6.2
11.9

-59.1
7.2
1.4
-4.8
8.9

11
12
13
14
15

16
17
18
19
20
21

23.5
18.0
9.4
8.6
0.2
5.2

35.8
27.4
22.4
5.0
0.6
7.9

25.4
14.1
16.3
-2.3
1.1
10.2

124.5
115.8
95.7
20.2
-1.2
9.8

45.5
33.9
23.1
10.8
-.2
11.8

33.0
23.9
43.9
-20.0
0.4
8.7

19.3
14.1
28.4
-14.3
1.5
3.7

29.3
20.7
6.1
14.5
2.3
6.3

38.3
30.5
2.4
28.0
2.6
5.3

29.2
24.1
14.2
9.9
1.4
3.8

-26.8
-26.1
-12.9
-13.2
-.6
M

1.5
7.4
16.2
-8.8
-.5
-5.4

16
17
18
19
20
21

22

Credit market Instruments
U.S. govt, securities
Treasury
Agency
Tax-exempt securities
Mortgages

Taxes receivable

1.5

2.8

1.0

4.0

2.7

0.5

3.6

3.5

-.7

1.5

0.1

0.2 22

23

Net Increase in liabilities

31.3

35.4

36.7

136.0

56.6

77.0

43.7

70.7

49.1

63.4

18.7

66.3 23

24
25
26
27
28

Credit market instruments
Tax-exempt securities
Short-term
Other
U.S. government loans

30.4
29.4
6.7
22.7
1.0

34.6
33.5
-1.5
35.0
1.1

35.7
28.0
-3.7
31.6
7.7

134.9
126.7
2.2
124.5
8.2

54.9
53.5
-.1
53.6
1.4

75.1
77.4
-1.7
79.1
-2.4

41.5
44.8
2.4
42.4
-3.3

68.0
68.3
4.2
64.1
-.2

46.0
45.1
3.7
41.4
0.9

62.6
62.2
5.9
56.3
0.4

16.4
16.5
-.5
17.0
-.1

65.7
66.3
5.2
61.1
-.6

29

Trade debt

30 Discrepancy

0.9

0.8

1.0

l.l

1.6

2.0

2.2

2.7

3.1

0.8

2.3

0.6 29

-3.2

-6.4

6.0

-6.0

-19.4

-3.3

-17.6

3.1

-6.1

8.6

-10.5

2.8 30

(1) Data for employee retirement funds are shown in table F .124.

BILLIONS OF DOLLARS




24
25
26
27
28

DECEMBER 7, 1994
State and Local Governments

State and Local Governments
F.105 State and Local Governments, Excluding Employee Retirement Funds (I J

SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1991 I
IV 1

1992

I

II

III

IV

I
1

1993
I

Il

III

IV

I
I

I

1994
II

III

1
2
3
4

810.9
586.3
62.0
162.6

822.4
594.8
63.0
164.6

838.6
601.7
64.1
172.8

845.1
605.5
65.0
174.6

865.5
623.0
65.9
176.6

865.0
621.6
66.7
176.7

884.4
634.0
67.5
182.9

896.0
640.0
68.2
187.8

918.8
652.9
68.9
197.0

919.1
659.4
69.7
190.0

935.6
670.7
70.5
194.4

950.6 Receipts, NIPA basis
Tax receipts
679.0
Social insurance receipts
71.3
200.3
Grants-in-aid received

I
2
3
4

5
6
7

785.8
659.7
126.1

802.4
669.3
133.1

812.8
673.6
139.2

824.7
679.1
145.6

832.4
683.3
149.1

843.3
690.2
153.1

859.0
701.2
157.8

872.1
710.2
161.9

884.3
717.4
166.9

893.8
722.0
171.8

908.5
731.5
177.0

926.4 Expenditures, NIPA basis
Purch. of goods and services
744.3
182.1
Net interest and transfers

5
6
7

8
9
10

25.1
45.2
-20.1

20.0
92.6
-72.6

25.8
54.1
-28.3

20.4
93.6
-73.2

33.1
47.7
-14.6

21.7
28.1
-6.4

25.4
103.9
-78.5

23.9
75.1
-51.2

34.5
123.6
-89.1

25.3
75.1
-49.8

27.1
90.3
-63.2

24.2 Net surplus, NIPA basis
91.8 - Pension fund reserves
-67.6 - Gross saving

11
12
13
14
15

-38.6
42.9
4.0
-14.5
6.6

-70.6
-31.5
4.0
-7.7
0.7

-15.3
20.8
-3.0
-10.6
24.7

-62.3
-25.9
12.0
2.9
8.6

1.6
-35.4
-.7
-9.3
13.5

-6.4
79.6
8.5
-.4
15.0

-71.2
42.5
1.2
-7.3
-10.1

-58.4
-10.1
3.7
-12.0
7.2

-100.5
-83.3
-7.8
0.4
23.3

-43.8
-33.8
11.8
-1.9
-20.7

-66.1
-93.2
-3.7
-.1
-1.4

-63.6 Net financial Investment
-112.0
Net acq. of financial assets
Checkable dep. and curr.
-7.8
1.4
Time deposits
Security RPs
-1.2

11
12
13
14
15

16
17
18
19
20
21

44.6
41.5
48.0
-6.5
0.9
2.2

-31.5
-30.1
4.5
-34.6
-1.7
0.2

9.6
8.4
-8.6
17.0
-.8
2.0

-47.1
-45.7
-27.9
-17.8
-.2
-1.2

-38.3
-37.2
-19.8
-17.4
0.2
-1.2

57.0
56.7
35.4
21.3

57.7
69.9
32.9
36.9
-1.4
-10.7

-7.7
-3.0
13.0
-16.0
0.7
-5.5

-101.0
-94.2
-16.6
-77.6
-l.l
-5.6

-21.6
-18.4
0.1
-18.5
-1.7
-1.5

-88.2
-87.4
-18.6
-68.8
-2.7
1.8

-104.0
-97.5
-44.7
-52.8
-3.6
-2.9

Credit market instruments
U.S. govt, securities
Treasury
Agency
Tax-exempt securities
Mortgages

16
17
18
19
20
21

Taxes receivable

22

«

0.3

8
9
10

22

2.2

2.9

0.2

-2.2

-.7

-.5

0.9

-1.3

1.7

-1.4

0.2

-.4

23

81.5

39.1

36.2

36.4

-37.0

86.1

113.7

48.2

17.2

10.0

-27.1

-48.4

Net increase in liabilities

23

24
25
26
27
28

79.2
78.4
1.3
77.1
0.8

35.2
35.0
0.2
34.8
0.2

34.5
34.7
-7.0
41.6
-.2

34.1
34.3
20.2
14.1
-.2

-38.2
-37.9
-15.4
-22.5
-.3

85.0
85.5
4.7
80.8
-.5

113.2
113.8
14.7
99.1
-.5

47.3
48.0
-2.6
50.6
-.7

17.1
17.9
3.9
14.0
-.8

9.9
10.8
-.3
ll.l
-.9

-27.8
-26.8
-9.4
-17.4
-1.0

-48.8
-47.7
-12.7
-35.0
-1.1

Credit market instruments
Tax-exempt securities
Short-term
Other
U.S. government loans

24
25
26
27
28

1.0

29

2.3

3.9

1.7

2.4

1.2

30

18.5

-2.0

-12.9

-10.9

-16.1

-

0.4

1.0

0.1

0.2

0.7

-7.3

7.1

11.4

-6.0

2-9

0.4

Trade debt

-4.0 Discrepancy

(1) Data for employee retirement funds are shown in table F.124.

BILLIONS OF DOLLARS.




29

30

DECEMBER 7, 1994
U.S, Govt., GSEs, and Pools

U.S. Govt., GSEs, and Pools
F.106-F.108 U.S. -Government, GSEs, and Mortgage Pools

17

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1986

1985

1987

1988

1989

1990

1991

1992

1993

1128.7
475.8
108.1
79.9
465.0

1178.3
489.5
115.6
81.3
491.9

1265.7
520.3
143.0
84.6
517.8

I
2
3
4
5

6
7
8
9

F.106 U.S. Government

1 Receipts, NIPA basis
Personal taxes
2
3
Corp, profits tax accruals
Indirect taxes
4
Social insurance receipts
5

635.4
302.9
49.1
49.7
233.8

659.9
292.6
61.3
53.5
252.6

725.8
308.0
75.2
57.8
284.8

788.6
342.8
76.3
58.6
310.9

827.2
357.4
83.9
53.5
332.5

913.7
400.6
103.2
58.5
351.5

972.4
410.1
111.0
60.9
390.4

1059.3
461.9
117.1

418.5

1111.3
484.3
116.4
65.8
444.9

6 Expenditures, NIPA basis
Goods and services
7
8
Transfers, etc.
9
Net interest

770.9
266.6
419.9
84.4

840.0
292.0
455.3
92.7

892.6
310.9
468.6
113.1

969.9
344.3
498.6
127.0

1028.3
367.8
529.5
131.0

1065.6
384.9
544'. 1
136.5

1109.0
387.0
576.0
146.0

1181.6
401.6
615.3
164.7

1274.9
426.5
671.9
176.5

1331.6
445.8
698.0
187.8

1461.0
449.0
825.1
186.9

1507.1
443.7
879.8
183.6

-135.5
11.9
1.0
-146.5

-180.1
14.2
1.3
-193.1

-166.8
18.2
1.0
-184.0

-181.4
19.1
0.4
-200.1

-201.1
21.1
0.8
-221.4

-151.8
19.2
0.2
-170.9

-136.6
20.0
0.3
-156.3

-122.3
21.2
0.2
-143.2

-163.6
22.0
0.2
-185.4

-202.9
25.6
-.1
-228.5

-282.7
27.0
-309.7

-241.4 10
27.2 11
X
12
-268.5 13

-153.4
23.5
4.4
6.4
0.5

-191.3
13.6
2.9
-8.3
-.5

-191.5
32.6
2.6
5.3
0.5

-216.8
33.7
1.9
13.0
N

-243.3
7.5
-.7
0.4
0.2

-169.8
-13.2
-5.4
-8.1
0.2

-190.4
-2.9
1.4
9.0
-.2

-186.6
10.3
12.7
-14.2
-.1

-180.3
67.8
0.8
4.8
0.1

-255.9
57.5
-2.6
27.4
0.1

-355.4
-28.5
-1.7
-16.9
-.7

-285.9
0.2
1.0
20.7
-.1

14
15
16
17
18

-18.4
-15.4
-2.9
3.4
-2.7
-3.8

19
20
21
22
23
24
25

10
11
12
13

Surplus, NIPA basis
- Insurance and pen. reserves
+ Mineral rights sales
- Gross saving

14 Net financial investment
Net acq. of finaneial'assets
15
Gold, SDRs, and fgn. exch.
16
17
Checkable dep. and curr.
18
Time deposits

61.9

19
20
21
22
23
24
25

Credit market instruments
Agency securities
Mortgages
Other loans
Taxes receivable
Trade credit
Miscellaneous assets

15.9
2.4
13.6
-10.2
4.8
1.6

9.7
1.2
8.4
5.2
3.8
0.7

17.1
0.5
16.6
0.6
5.1
1.5

17.8
1.8
15.9
-4.1
3.7
1.4

9.7
0.5
9.2
-.2
-2.3
0.5

-7.9
-5.3
-2.6
-1.8
8.3
1.3

-10.6
-1.1
-9.6
-4.7
0.2
2.1

-3.1
-.8
-2.3
-3.8
3.4
15.4

33.7
35.6
-1.9
-4.2
-1.8
34.2

10.5
15.4
-4.9
-9.0
-5.0
36.1

-11.9
-11.9

26
27
28

Net increase in liabilities
SDR certificates
Treasury currency

177.0
1.3
0.4

204.9
0.5

224.1
0.6

250.5
* 0.1
0.4

250.8
0.3
0.5

156.6
0.5

187.5
0.5

196.9
3.5
0.6

248.0
1.5
1.0

313.4
-

326.9
-2.0
0.2

286.1 26
27
0.4 28

161.3
0.2
162.0
-.9

135.2
3.1
182.2
-.1

197.2
3.0
194.3
-.2

225.7
5.3
220.5
-.1

216.0
13.6
202.1
0.4

143.9
7.8
134.6
1.5

155.1
8.5
129.2
17.4

146.4
8.2
136.6
1.6

246.9
8.5
230.3
8.2

278.2
11.9
‘280.1
-13.8

304.0
19.1
284.6
0.2

256.1
14.7
233.7
7.8

11.9
1.9
0.2

14.2
3.0
2.0

18.2
3.3
4.9

19.1
4.6
0.6

21.1
9.8
3.2

19.2
2.4
-9.4

20.0
2.3
9.6

21.2
9.2
16.2

22.0
-6.3
-17.1

25.6
-4.8
14.3

27.0
-2.2
-.1

21.9

-1.0

34.1

43.4

-5.1

27.4

45.7

17.4 36

-7.9

10.4

-5.9

8.3

14.5

-16.9

19.2 37

29
30
31
32

Credit market instruments
Savings bonds
Other Treas. securities
Budget agency secur.Smtg

33
34
35

Insur. and pen. reserves
Trade debt
Miscellaneous liabilities

36 Discrepancy
Memo:
37 Change in cash balance

6.9

-1.8

7.5

16.7

7.3

-7.1

6.3

14.4

X

F.107 Government-Sponsored Enterprises (GSEs)

1 Gross saving
2 Fixed nonres. investment
3 Net acq. of financial assets
4
Checkable dep. and currency
5
Fed. funds and security RPs

6
7
8
9
10
11
12
13
14

Credit market instruments
U.S. government securities
Treasury
Agency
Mortgages
Home
Multifamily
Farm
Open market paper

15
16
17
18
19
20

Other loans
Student loans (SLMA)
Loans to farmers (FIC3)
Loans to co-ops (BC)
FHLB loans to members
Miscellaneous assets

21 Net increase in liabilities
22
Credit market instruments
23
GSE issues (2)
24
U.S. government loans
25
Miscellaneous liabilities
26 Discrepancy

x

X

-5.6
-7.0
15.4

29
30
31
32

27.2 33
1.6 34
0.7 35

(1)

2.9
1.4

2.4
2.1

2.6
3.4

1.6
3.5

1.3
3.9

2.5
3.8

3.7
4.2

4.5
5.0

4.8
4.7

5.6
4.4

5.9
5.6

6.5
7.0

1
2

22.2
-.2
5.4

2.0
0.2
-2.3

41.1
0.6
8.3

28.9
0.8
6.0

22.5
1.5
2.5

27.5
-.1
-2.2

46.7

32.1
-1.3
28.0

23.1
-.2
6.9

19.1
-.9
-1.1

55.2

6.6

-1.0

78.3
0.9
-16.2

3
4
5

16.0
1.4
1.5
-.1
14.1
10.3
-.1
3.9
-.3

3.4
-1.3
-.8
-.4
10.4
9.4
-.1
1.1
0.4

29.3
1.6
1.4
0.2
11.9
10.7
0.9
0.3
-.1

25.3
4.5
4.4
0.1
9.6
12.2
1.9
-4.5
-.6

17.5
9.6
10.2
-.6
-11.3
-5.0
0.3
-6.5

24.5
4.8
4.9
-.1
-7.5
-2.5
-.3
-4.8

33.2
5.9
5.8
0.2
5.0
5.8
1.1
-1.9
0.4

-4.1
-7.4
-13.3
5.9
6.0
5.3
2.5
-1.8
2.9

13.9
27.7
22.1
5.6
5.7
5.3
1.2
-.9
0.5

15.2
28.6
17.5
11.1
11.7
10.9
1.4
-.5
7.1

69.0
30.4
18.2
12.3
32.1
30.5
1.6
-.1
2.7

90.2
18.7
-1.5
20.2
46.7
45.2
1.7
-.2
-1.7

6
7
8
10
11
12
13
14

0.8
1.6
-.8
-.8
0.8
0.9

-6.1
1.5
-1.3
0.9
-7.0
0.7

16.0
1.9
-1.2
-.4
15.7
2.9

11.8
2.5
-3.9
-1.0
14.2
-3.2

19.2
2.4
-2.3
-.7
19.8
1.0

27.3
3.7
-1.6
0.8
24.4
5.2

21.9
2.3
-2.3
1.6
19.7
6.9

-5.7
3.4
1.9
-11.0
9.5

-20.0
4.1
0.3
0.2
-24.7
2.5

-32.2
3.0
1.4
1.4
-38.0
6.0

3.8
1.6
0.2
1.2
0.8
-12.7

26.4
1.8
0.2
1.2
23.3
3.5

15
16
17
18
19
20

21.3
15.3
14.9
0.4
5.9

1.2
1.4
1.4
-.2

40.7
30.4
30.4
10.2

30.6
21.7
20.6
1.1
8.9

23.2
14.9
15.2
-.4
8.3

27.4
29.5
30.2
-.3
-2.1

46.0
44.9
44.9
1.1

31.5
25.2
25.2
6.3

21.6
17.0
17.1
-.1
4.6

16.9
9.1
9.2

52.7
40.2
40.3

7.8

12.5

75.7
80.6
80.6
-4.9

21
22
23
24
25

0.7

-.5

-1.3

-.1

-2.0

-1.4

-1.2

-1.0

-1.4

-1.1

-2.2

-3.2 26

150.3
148.1
2.3

136.6
140.0
-3.4

115.6
117.8
-2.3

X

X

X

X

X

X

X

9

(1) Federal Home Loan Banxs, Federal National Mortgage Assn.,
Federal Home Loan Mortgage Corp., Student Loan Marketing
Assn., Federal Land Banks, Federal Intermediate Credit Banks,
Banks for Cooperatives, the Financing Corp., and the Resolution
Funding Corporation.
(2) Such issues are classified as U.S. government securities.

F.108 Federally Related Mortgage Pools (3)

1 Net acq. of mortgages
2
Home
3
Multifamily
4
Farm
5 Net increase in pool secs.

(4)

49.5
49.3
0.4
-.2

66.4
65.2
1.2

49.5

66.4

X

44.4
43.4
1.1
X

44.4

79.9
78.6
1.5
-.2

163.3
158.3
5.1
-.2

142.3
137.8
4.5

79.9

163.3

142.3

(3) GNMA, FNMA, FHLMC, and Farmers Home Administration pools.
Also
includes federally related pools that are used as collateral for
federally related agency-issued CMOs and privately issued CMOs.
Excludes Federal Financing Bank holdings of pool securities, which
are included with U.S. government mortgages and other loans.
(4) Such issues are classified as U.S. government securities.
BILLIONS OF DOLLARS



X

74.9
69.7
5.2
X

74.9

124.3
118.7
5.6
X

124.3

X

150.3

X

136.6

80.6
82.0
-1.4

1
2
3
4

80.6

5

X

115.6

DECEMBER 7, 1994
U.S. Govt.* GSEs, and Pools

U.S. Govt., GSEs, and Pools

F.106-F.108 U.S. Government, GSEs, and Mortgage Pools

18

SEASONALLY ADJUSTED ANNUAL RATES
1991
IV

SEASONALLY ADJUSTED ANNUAL RATES

1992

I
1

II

I

IV

III

I
I

1993

I

II

IV

III

I
1

I

1994
II

III

F.106 U.S. Government

1
2
3
4
5

1140.5
477.3
109.6
82.9
470.7

1155.7
476.0
115.7
80.7
483.3

1171.1
481.3
120.8
80.5
488.5

1166.5
489.2
103.2
80.2
493.9

1219.9
511.6
122.6
83.8
501.9

1212.8
497.2
132.1
81.9
501.6

1263.7
519.8
141.8
83.5
518.6

1272.7
527.5
140.2
82.3
522.7

1313.6
536.8
157.8
90.7
528.3

1337.5
550.2
151.3
90.4
545.1

1380.8
571.1
166.3
90.4
553.0

1386.3 Receipts, NIPA basis
566.5
Personal taxes
172.4
Corp, profits tax accruals
91.9
Indirect taxes
557.5
Social insurance receipts

1
2
3
4
5

6
7
8
9

1386.4
438.3
756.5
191.6

1435.6
445.2
802.2
188.2

1455.8
443.2
823.1
189.5

1460.4
452.9
820.9
186.6

1492.1
454.8
854.2
183.1

1496.1
446.9
866.7
182.5

1500.8
445.2
870.8
184.8

1497.6
442.7
871.3
183.6

1533.7
439.8
910.4
183.5

1513.7
437.8
896.6
179.3

1525.8
435.1
901.9
186.8

1543.6 Expenditures, NIPA basis
444.4
Goods and services
904.8
Transfers, etc.
194.4
Net interest

6
7
8
9

10
11
12
13

-245.9
26.5
-272.4

-279.9
24.3
-304.2

-284.7
27.0
-311.7

-293.9
28.6
-322.5

-272.2
28.2
-300.4

-283.3
22.7
-.1
-306.0

-237.1
28.4
-.2
-265.7

-224.9
29.4
0.4
-253.9

-220.1
28.1
-.1
-248.3

-176.2
23.5
-199.7

-145.0
28.1
-173.1

-155.3
28.5
-183.8

14
15
16
17
18

-254.4
118.2
-2.4
143.9
0.1

-370.6
-20.2
2.3
-70.1
1.4

-332.1
22.1
-2.6
27.3
1.2

-350.0
-10.8
-3.3
46.9
-.1

-368.7
-104.9
-3.3
-71.6
-5.2

-267.8
-2.5
2.7
12.6
0.2

-334.7
15.0
-1.9
66.8
-.4

-267.8
-62.7
1.4
-31.1

-273.3
50.9
1.6
34.7
-.1

-258.9
-28.9
0.3
24.7
-.4

-218.8
-81.1
-5.7
-64.7
-.1

-232.2 Net financial investment
Net acq. of financial assets
-72.3
-.4
Gold, SDRs, and fgn. exch.
-61.4
Checkable dep. and curr.
0.1
Time deposits

19
20
21
22
23
24
25

-22.1
-21.7
-.4
-6.4
-4.1
9.3

16.4
16.8
-.4
2.5
-3.7
31.1

-21.7
-18.9
-2.8
-6.1
-10.2
34.2

-26.3
-28.8
2.5
-19.7
-13.4
5.1

-16.0
-16.9
0.8
0.8
-.7
-8.9

-23.2
-17.7
-5.5
15.4
-8.5
-1.8

-27.1
-22.1
-5.0
-11.8
-6.7
-3.9

-15.4
-12.9
-2.5
-1.6
0.8
-16.7

-7.9
-9.1
1.3
11.3
3.5
7.1

-40.8
-16.4
-24.5
15.8
-15.2
-13.3

-8.2
-1.4
-6.8
-16.0
-1.5
15.0

-6.6
4.0
-10.6
7.7
-2. 0
-9.7

Credit market instruments
Agency securities
Mortgages
Other loans
Taxes receivable
Trade credit
Miscellaneous assets

19
20
21
22
23
24
25

26
27
28

372.6
0.5

350.4
0.1

354.2
0.3

339.2
0.2

263.8
-8.0
0.3

265.3
0.3

349.6
0.4

205.1
0.4

324.2
0.7

229.9
0.7

137.6
0.6

159.9
0.8

Net Increase in liabilities
SDR certificates
Treasury currency

26
27
28

29
30
31
32

275.3
11.0
260.5
3.8

331.3
15.6
326.9
-11.2

347.4
13.4
333.6
0.4

294.6
19.9
265.7
9.0

242.7
27.8
212.3
2.7

240.5
25.4
211.9
3.2

336.4
11.6
320.7
4.1

173.4
10.2
146.9
16.3

274.2
11.3
255.1
7.7

210.6
12.3
199.5
-1.3

122.9
8.5
109.6
4.7

134.1
6.0
123.8
4.4

33
34
35

26.5
-19.3
89.5

24.3
-8.4
3.1

27.0
-9.0
-11.4

28.6
11.9
3.9

28.2
-3.4
3.9

22.7
-10.6
12.4

28.4
1.8
-17.4

29.4
6.6
-4.7

28.1
8.7
12.5

23.5
-7.8
3.0

28.1
-4.2
-9.9

28.5
0.9
-4.4

36

-18.0

66.4

20.4

27.5

68.3

-38.3

68.9

13.9

25.0

59.1

45.7

37

51.2

-53.9

17.3

57.6

-38.6

17.6

69.2

-29.1

19.1

21.9

-64.5

X

F.107 Government-Sponsored Enterprises (GSEs)

Surplus, NIPA basis
- Insurance and pen. reserves
♦ Mineral rights sales
= Gross saving

10
11
12
13
14
15
15
17
18

Credit market instruments
Savings bonds
Other Treas. securities
Budget agency secur.Smtg

29
30
31
32

Insur. and pen. reserves
Trade debt
Miscellaneous liabilities

33
34
35

48.4 Discrepancy
Memo:
-46.5 Change in cash balance

36
37

(1)

1
2

5.3
4.3

6.2
5.4

5.9
5.6

5.8
5.7

5.8
5.7

6.3
6.7

6.4
6.9

6.6
7.0

6.6
7.3

7.1
8. 0

7.2
8.2

3
4
5

26.7
-2.2
-33.7

60.5
0.2
4.8

35.2
-1.0
-5.3

88.1
-.3
17.2

37.1
1.1
-20.7

-14.1
-.8
-37.1

95.4
-.6
-30.9

160.3
1.8
-3.9

71.6
3.3
6.9

94.3
-1.6
14.4

119.8
-.6
31.4

143.0 Net acq. of financial assets
Checkable dep. and currency
0.3
19.9
Fed. funds and security RPs

6
7
8
9
10
11
12
13
14

33.9
16.1
-5.1
21.2
21.4
18.0
2.8
0.6
7.3

92.1
61.6
39.3
22.3
32.2
30.2
2.0

34.4
7.1
-12.0
19.1
17.7
16.7
1.0

1.6

5.4

68.7
23.8
24.4
-.6
26.3
24.9
1.3
0.1
3.2

80.7
29.3
20.8
8.4
52.0
50.4
2.2
-.6
0.5

16.7
-26.5
-23.9
-2.5
20.9
20.1
1.3
-.5
-2.5

128.0
25.6
14.8
10.8
69.7
68.7
0.9
0.2
3.6

144.8
69.9
45.6
24.3
43.2
40.4
2.0
0.8
2.1

71.2
5.9
-42.3
48.2
52.8
51.6
2.5
-1.3
-9.8

92.4
42.9
9.3
33.5
40.3
39.6
1.8
-1.0
9.5

101.1
53.9
13.8
40.1
18.3
16.4
0.8
1.1
-2.1

135.6
84.9
14.0
70.9
22.4
21.8
0.3
0.2
-7.9

Credit market instruments
U.S. government securities
Treasury
Agency
Mortgages
Home
Multifamily
Farm
Open marxet paper

6
7
8
9
19
11
12
13
14

15
16
17
18
19
20

-10.8
5.7
-.4
3.4
-19.5
28.7

-3.3
2.9
0.2
4.8
-11.2
-36.6

4.2
3.2
1.1
-2.4
2.3
7.1

15.3
2.6
-.4
-.1
13.2
2.6

-1.0
-2.1
-.1
2.3
-1.1
-24.1

24.7
2.7
-1.5
3.0
20.4
7.2

29.1
1.5
0.7
-1.4
28.4
-1.1

29.5
1.6
0.5
27.4
17.5

22.4
1.2
1.0
3.3
16.8
-9.8

-.3
4.7
1.6
4.2
-10.8
-10.9

31.0
2. 1
1.4
-4.9
32.3
-12.1

36.2
5.9
-.6
0.1
30.7
-12.7

Other loans
Student loans (SLMA)
Loans to farmers (FICB)
Loans to co-ops (30
FHLB loans to members
Miscellaneous assets

15
16
17
18
19
20

21
22
23
24
25

25.7
32.5
32.6
-.1
-6.8

59.1
11.5
11.5
47.7

30.9
48.3
48.3
-17.5

86.8
67.7
67.7
19.1

34.1
33.5
33.6
-.1
0.6

-17.7
32.2
32.2
-49.9

93.6
68.8
68.8
24.9

157.2
167.8
167.8
-10.6

69.5
53.4
53.4
16.1

91.5
140.8
160.0
-19.2
-49.4

117.8
145.6
146.6
-23.8

142.7 Net increase in liabilities
152.1
Credit market instruments
152.1
GSE issues (2)
U.S. government loans
-9.4
Miscellaneous liabilities

-.7

-4.1

-1.2

-2.9

-4.0

-2.3

-3.6

-2.8

-3.7

-3. 0

26

X

X

X

X

7.2 Gross saving
8.5 Fixed nonres. investment

1
2

3
4
5

21
22
23
24
25

-1.7 Discrepancy

26

(1) Federal Home Loan Banks, Federal National Mortgage Assn.,
Federal Home Loan Mortgage Corp., Student Loan Marketing
Assn., Federal Land Banks, Federal Intermediate Credit Banks,
Banks for Cooperatives, the Financing Corp., and the Resolution
Funding Corporation.
C2) Such issues are classified as U.S. government securities.

F.108 Federally Related Mortgage Pools (3)

1
2
3
4

118.9
118.3
0.7

118.9
120.8
-1.9

139.9
142.4
-2.5
w

104.3
105.7
-1.4

99.2
102.5
-3.3

5

118.9

118.9

139.9

104.3

99.2

X

X

X

X

137.2
139.7
-2.5

-12.2
-9.6
-2.6
-

119.5
120.4
-.9

77.9
77.4
0.5
-

180.0
180.6
-.6
*

98.6
98.6
-.1
*

72.8 Net acq. of mortgages
Home
73.3
-1.0
Multifamily
Farm
-

137.2

-12.2

119.5

77.9

180.0

98.6

72.8 Net increase in pool secs.

X

X

1
2
3
4

(4)

(3) GNMA, FNMA, FHLMC, and Farmers Home Administration pools.
Also
includes federally related pools that are used as collateral for
federally related agency-issued CMOs and privately issued CMOs.
Excludes Federal Financing Bank holdings of pool securities, which
are included with U.S. government mortgages and other loans.
(4) Such issues are classified as U.S. government securities.
BILLIONS OF DOLLARS




5

DECEMBER 7, 1994
Rest of the World

Rest of the World
F.109 Rest of the World

19

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1 Foreign income from U.S.
2
US imports from abroad
3
US factor payments to fgn.
4
Net transfers to foreign

382.4
303.2
67.1
12.1

407.5
328.1
66.5
12.9

504.5
405.1
83.8
15.6

517.4
417.6
82.4
17.4

556.8
451.7
86.9
16.3

624.1
507.1
100.5
16.6

690.9
552.2
120.9
17.8

754.9
587.7
141.6
25.6

804.2
628.5
146.9
28.8

748.7
621.0
139.7
-12.0

828.1
668.4
127.9
31.9

887.9
724.3
132.1
31.5

I
2
3
4

5 Foreign outlays to U.S.
6
US exports to foreign
7
US factor receipts from fgn.
8
Net capital grants from fgn.

379.9
282.6
97.3

372.5
276.7
95.8
-

410.5
302.4
108.1
-

399.3
302.1
97.3
-

415.2
319.2
96.0
-

469.1
364.0
105.1
-

572.9
444.2
128.7

665.5
508.0
157.5
-

725.7
557.1
168.6
-

756.8
601.1
155.7
-

771.6
638.1
133.5
-

795.6
659.1
136.6
-

5
6
7
8

9 Gross saving (1)
IQ Net financial investment
11
Net acq. of financial assets
12
Gold and SDRs (2)
U.S. checkable dep.
13
14
U.S. time deposits
15
Net interbank claims

16
17
18
19
20
21
22
23
24
25
26
27
28

Security RPs
U.S. corporate equities
Credit market instruments
U.S. govt, securities
Official, net
Treasury
Agency
Private, net
Treasury
Agency
U.S. corporate bonds (3)
Loans to U.S. corp. bus.
Open market paper

29
30

Security credit
Trade credit

31
32
33
34
35
36

Miscellaneous assets
Fgn. dir. inv. in US (4)
Equity
Reinvested earnings
Intercompany accounts
Other

37
38
39

Net increase in liabilities
U.S. off. fgn. exchange
and net IMF position
U.S. private deposits
Foreign corporate equities
Credit market instruments
Corporate bonds

40
41
42

43
44
45
46

Bank loans n.e.c.
Official
3anks
Other

47
48
49

Commercial paper
Accept, liabs. to banks
U.S. government loans

2.5

34.9

94.0

118.1

141.7

155.1

118.0

89.4

78.5

-8.1

56.5

92.3

9

-29.9
35.3
-1.4
-3.7
6.8
-3.5

24.6
55.7
-.1
1.6
0.5
12.2

79.0
98.7
-1.0
2.1
4.6
2.8

102.0
119.4
-.9
1.5
3.7
16.6

121.3
166.4
-.2
2.7
-2.7
15.7

171.5
208.9
-.5
-1.4
0.9
54.7

140.9
185.3
0.1
-.5
3.1
5.9

49.7
188.7
-.5
0.2
-1.9
-7.2

51.8
138.2
-.2
-.3
-.5
25.6

46.6
77.6
-.2
-1.4
-.6
-20.3

85.0
195.6
2.3
1.5
-3.2
62.9

82.8
270.7
-.5
-.3
-1.7
37.1

10
11
12
13
14
15

1.6
3.7
31.5
12.4
5.1
5.8
-.7
7.4
7.0
0.3
15.7
5.1
-1.7

0.7
5.0
29.8
15.6
6.5
7.0
-.5
9.1
8.7
0.5
7.1
6.3
0.8

0.1
-3.4
70.2
28.9
4.7
4.7
*
24.2
23.0
1.2
15.6
24.6
1.2

0.8
4.4
68.6
23.9
-1.1
-.8
-.3
25.1
20.4
4.6
36.3
8.6
-.2

3.4
17.9
105.5
45.1
33.2
34.4
-1.2
12.0
3.8
8.2
39.1
21.4
-.1

2.2
15.0
65.2
40.6
44.8
43.2
1.6
-4.2
-7.6
3.5
18.8
4.8
1.0

-.1
-2.9
112.4
68.7
43.1
41.7
1.3
25.7
20.2
5.4
15.9
25.0
2.8

4.1
9.0
86.6
44.8
1.5
0.1
1.4
43.3
29.6
13.7
13.0
26.4
2.4

-.5
-16.0
85.5
33.3
30.2
29.6
0.7
3.0
-2.5
5.6
5.3
48.8
-2.0

0.1
10.4
26.6
43.9
16.1
14.8
1.3
27.8
18.8
8.9
16.2
-34.1
0.6

6.7
-5.8
100.5
73.6
22.4
18.5
3.9
51.2
36.9
14.3
18.1
7.2
1.6

4.2
20.5
126.0
109.8
52.8
48.7
4.1
57.0
24.8
32.1
30.0
-19.4
5.7

16
17
18
19
20
21
22
23
24
25
26
27
28

-.5

1.0

1.5

0.5

1.0

0.2

3.1

2.4

6.2

0.6

3.4

0.8
12.5
8.3
-3.7
7.8
-11.7

5.0
10.5
8.7
-1.4
3.2
-5.4

21.8
24.7
15.0
2.3
7.4
-3.0

24.2
20.0
15.2
-.4
5.2
4.2

23.2
35.6
25.1
-.8
11.3
-12.5

72.5
58.2
30.6
12.8
14.8
14.3

64.2
57.3
40.4
5.4
11.5
6.9

96.1
67.7
51.9
-6.7
22.5
28.4

38.3
47.9
57.0
-13.5
4.4
-9.6

62.3
26.1
41.9
-17.8
2.0
36.3

27.3
9.9
25.5
-11.6
-3.9
17.4

65.2

19.7

17.5

45.1

37.4

44.4

139.0

86.3

31.0

110.6

187.9 37

1.1
6.5

2.2
-1.9

3.0
7.1

-.6
27.6

-9.7
8.6

4.0
23.0

24.3
35.7

2.0
38.2

-5.9
-16.7

-1.6
-7.2

0.8 38
-22.1 39

1.4
16.0
6.6

3.7
17.3
3.1

0.9
8.4
3.8

3.7
1.2
3.8

1.2
9.7
3.1

-2.1
6.2
7.4

0.9
6.4
6.9

17.2
10.2
4.9

7.4
23.9
21.4

30.7
13.9
14.1

30.7
21.3
14.4

60.6 40
46.9 41
59.4 42

-5.5
X
0.7
-6.2

3.6
3.0
-.9
1.5

-6.6
-.9
-3.1
-2.6

-2.8
-1.4
-1.3
-.1

-1.0
X
1.0
-2.1

-3.6
-.9
-2.9
0.2

-1.8
-.5
-1.3

-.1
-1.4
0.7
0.5

-2.9
-.5
-2.7
0.4

3.1
-.4
1.0
2.5

2.3
1.0
0.7
0.6

0.7
-1.0
1.2
0.5

1.9
8.5
4.5

6.5
-.1
4.3

6.2
1.0
4.0

6.2
-7.4
1.4

11.5
-5.4
1.5

3.8
1.0
-2.4

8.7
-2.4
-5.1

13.1
-5.3
-2.3

12.3
-3.2
-3.7

6.4
-4.4
-5.4

5.2
-.7
0.2

-9.0 47
-3.1 48
-1.1 49

-4.1

-1.1

-.6

-.2

-.8

2.5

7.7

2.8

-1.2

52
53
54
55 •*<
56
57
58
59

Miscellaneous liabilities
U.S.equity in IBRD, etc.
U.S. govt, deposits
U.S. dir. inv. abr.(3,4)
Equity
Reinvested earnings
Intercompany accounts
Other

46.4
1.3
0.4
12.9
9.7
2.7
0.5
31.8

3.5
0.7
0.1
11.1
4.9
11.7
-5.5
-8.3

10.8
1.1
0.4
14.6
1.3
16.6
-3.3
-5.3

2.7
1.5
-.1
9.2
-2.2
14.3
-2.9
-8.0

8.0
1.5
-1.0
12.2
0.6
8.4
3.2
-4.7

31.9
1.2
0.1
23.4
4.6
15.9
2.9
7.1

2.4
2.4
-.3
10.1
-6.1
10.9
5.3
-9.8

48.4
1.2
-.1
31.9
6.4
11.9
13.5
15.4

16.1
1.3
0.1
24.9
8.7
20.4
-4.3
-10.2

6.1
1.5
1.0
30.3
17.7
16.9
-4.3
-26.7

66.1
1.4
O.i
38.4
14.4
14.5
9.5
26.2

32.4

10.3

15.0

16.1

20.4

-16.5

-22.9

39.7

26.6

-54.7

-28.5

-20.6
30.2
12.1
-2.5

-51.4
29.4
12.9
-34.9

-102.7
24.3
15.6
-94.0

-115.6
14.8
17.4
-118.1

-132.5
9.1
18.3
-141.7

-143.1
4.6
16.6
-155.1

-108.0
7.9
17.8
-118.0

-79.7
16.0
25.6
-89.4

-71.4
21.7
28.8
-78.5

-19.9
16.0
-12.0
8.1

-30.3
5.6
31.9
-56.5

61
62
63
64
65

(5)

(1) Line 1 minus line 5} also equal to line 65 with the sign reversed.
(2) U.S. net sales, sign reversed.
(3) Through 1992:Q4, corporate bonds include net issues by Netherlands
Antillean financial subsidiaries, and U.S. direct investment abroad
excludes net inflows from those bond issues.
(4) Direct investment is valued on a current-cost basis.
Excludes
capital gains/losses. Components of direct investment--equity,
reinvested earnings, and intercompany accounts--are not available
before 1982.
(5) Balance of payments discrepancy adjusted to NIPA concepts.
(6) Consists of net receipts from foreigners of interest, corporate profits,
and employee compensation. Equals difference between GNP and GDP.
BILLIONS OF DOLLARS




31
32
33
34
35
36

31.0

Security debt
Trade debt

Memo:
Net U.S. exports, NIPA basis
* Net U.S. factor income (6)
- Net transfer payments to fgn
♦ Net capital grants received
= Net fgn. investment in U.S.
(NIPA basis)

80.2
21.4
21.7
-9.4
9.1
58.8

3.6
2.0

5o"
51

60 Discrepancy (FOF basis)

29
5.2 30

43
44
45
46

---50
3.0
1.2
1.6 51

100.0
1.1
0.3
57.9
17.4
29.6
10.9
40.7

52
53
54
55
56
57
58
59

9.5 60

-65.3
4.5
31.5
-92.3

61
62
63
64
65

DECEMBER 7, 1994
Rest of the World

Rest of the World

F.109 Rest of the World

20

SEASONALLY ADJUSTED ANNUAL RATES

1991 i
IV |

SEASONALLY ADJUSTED ANNUAL RATES

1992

I

II

III

IV

I
1

1993
I

II

III

IV

I
1I

I

1994
II

III

1
2
3
4

788.2
637.5
131.6
19.1

797.7
641.7
128.3
27.7

826.2
663.9
131.6
30.7

829.3
676.6
124.8
27.9

859.3
691.4
126.8
41.1

845.3
696.4
122.2
26.7

886.6
723.5
134.3
28.8

884.9
726.0
128.6
30.3

934.8
751.4
143.3
40.1

936.0
760.9
146.1
29.0

1001.7
802.1
169.5
30.1

5
6
7
8

769.4
623.7
145.7
-

771.1
631.8
139.3
-

772.1
632.7
139.4
-

769.5
638.8
130.7
-

773.8
649.2
124.6
-

777.0
646.8
130.2
-

797.7
660.1
137.6
-

786.1
649.0
137.1
-

821.6
680.3
141.3

819.6
674.2
145.4
-

866.6
704.5
162.1
-

899.4 Foreign outlays to U.S.
725.2
US exports to foreign
174.2
US factor receipts from fgn.
Net capital grants from fgn.
-

1057.6 Foreign income from U.S.
839.7
US imports from abroad
184.9
US factor payments to fgn.
33.0
Net transfers to foreign

1
2
3
4
5
6
7
8

9

18.8

26.6

54.1

59.8

85.5

68.3

88.9

98.8

113.2

116.4

135.1

158.2 Gross saving (1)

10
11
12
13
14
15

73.8
49.0
-.1
2.2
l.S
-54.0

73.6
197.1
-.7
0.5
-15.4
82.1

137.2
321.8
-.7
6.2
-1.1
153.2

76.5
128.2
-.7
0.2
0.4
40.0

52.7
135.2
11.3
-.9
3.2
-23.5

16.5
201.7
-.6
2.7
-3.0
45.2

63.5
335.8
-.7
-.9
1.2
131.9

145.1
237.4
-.5
10.3
-4.3
3.4

106.2
307.7
-.5
-13.0
-.8
-32.1

187.4
419.4
-.4
10.0
1.3
160.7

162.0
228.7
-.4
4.9
3.0
166.6

180.9 Net financial investment
279.9
Net acq. of financial assets
-.4
Gold and SDRs (2)
-10.1
U.S. checkable dep.
1.3
U.S. time deposits
-8.1
Net interbank claims

10
11
12
13
14
15

16
17
18
19
20
21
22
23
24
25
26
27
28

-2.4
-1.7
57.9
72.8
54.3
50.5
4.3
18.1
7.3
10,8
15.4
-36.9
6.6

10.3
-13.3
85.7
74.8
61.5
59.7
1.9
13.3
2.5
10.8
13.2
1.3
-3.7

9.3
-11.3
152.5
112.4
51.8
45.0
6.8
60.6
40.7
19.9
26.0
12.2
2.0

-2.7
-16.3
65,4
23.8
2.4
-1.3
3.6
21.4
19.3
2.1
24.2
12.5
4.9

9.6
17.7
98.3
83.3
-26.1
-29.6
3.5
109.4
85.0
24.4
9.1
2.7
3.1

2.1
19.6
65.9
67.6
7.0
4.3
2.7
60.6
56.0
4.6
18.9
-20.4
-.2

11.1
-.4
93.4
56.0
27.0
22.7
4.3
29.0
-2.5
31.5
28.7
-19.2
27.8

5.7
15.6
123.5
129.3
81.3
76.4
5.4
47.6
13.9
33.7
27.1
-33.9
1.0

-2.2
47.4
221.2
186.1
95.3
91.4
3.9
90.8
32.0
58.8
45.2
-4.2
-5.8

2.5
22.1
127.5
68.9
5.0
4.8
0.2
63.9
37.0
26.9
31.5
10.2
16.9

4.2
-14.0
51.9
15.6
34.6
24.7
9.9
-19.0
-30.6
11.6
48.4
-12.7
0.6

15.7
10.6
113.1
104.3
61.4
52.1
9.3
42.9
31.6
11.3
39.2
-18.0
-12.3

Security RPs
U.S. corporate equities
Credit market instruments
U.S. govt, securities
Official, net
Treasury
Agency
Private, net
Treasury
Agency
U.S. corporate bonds (3)
Loans to U.S. corp. bus.
Open market paper

16
17
18
19
20
21
22
23
24
25
26
27
28

29
30

2.9

1.1

7.6

3.5

1.3

4.2

0.1

15.3

1.1

6.5

2.1

2.4

Security credit
Trade credit

29
30

31
32
33
34
35
36

42.4
22.9
39.5
-20.2
3.6
19.5

46.4
6.5
28.1
-5.4
-16.2
40.0

6.0
9.5
25.0
-22.5
6.9
-3.5

38.4
17.5
32.2
-8.1
-6.5
20.8

18.3
6.0
16.5
-10.6
0.1
12.3

65.5
13.2
17.4
-7.8
3.5
52.3

100.2
31.6
27.6
-19.4
23.4
68.6

68.4
21.0
23.9
-10.0
7.2
47.3

86.5
19.6
17.8
-.4
2.2
67.0

89.2
55.9
23.4
8.4
24.1
33.3

10.4
10.9
25.6
-12.6
-2.1
-.5

155.5
37.0
27.2
-2.2
12.0
118.5

Miscellaneous assets
Fgn. dir. inv. in US (4)
Equity
Reinvested earnings
Intercompany accounts
Other

31
32
33
34
35
36

37

-24.3

123.6

184.7

51.7

82.4

185.3

272.4

92.3

201.5

232.0

66.7

99.0

38
39

-5,0
-16.4

3.5
-36.2

-6.5
-12.5

-8.5
43.2

5.1
-23.2

3.4
-11.9

-4.0
-17.1

1.7
-50.7

2.2
-8.6

-.2
24.9

-11.2
35.9

-.6
5.0

40
41
62

23.7
34.3
18.5

29.1
-3.8
1.0

11.1
55.0
18.7

34.8
30.6
12.1

47.8
3.6
26.0

31.6
38.9
66.5

52.1
42.8
45.3

78.6
83.1
84.5

80.0
22.9
41.4

69.4
-66.3
29.0

38.9
-1.9
11.1

14.6
-3.4
6.6

43
44
45
46

6.5
-.3
-1.7
8.4

1.5
0.2
0.7
0.5

14.1
0.5
5.9
7.6

3.9
1.3
1.6
1. 0

-10.3
i .8
-5.4
-6.6

1.5
-1.4
2.3
0.6

6.6
0.4
3.2
3.0

1.0
1.2
2. 0
-2.3

-6.3
-4.0
-2.7
0.5

6.0
1.5
3.3
1.2

-.8
-2.7
-.1
2.0

0.9
1.2
-1.2
0.8

Bank loans n.e.c.
Official
Banks
Other

43
44
45
46

47
48
49

14.9
-5.3
0.3

-8.0
2.5
-.7

27.8
-3.1
-2.4

13.1
-1.2
2.7

-12.1
-1.1
1.2

-21.7
-3.1
-4.4

-.6
-4.9
-3.6

-1.6
-.3
-.6

-12.0
-4.1
4.0

-101.8
2.6
-2.1

-5.2
-4.0
-3.0

-8.1
3.6
-6.3

Commercial paper
Accept, liabs. to banks
U.S. government loans

47
48
49

50
51

6.9

-1.8

0.1

3.9

2.5

7.2

-.8

-3.8

4.0

-1.6

3.2

3.2

52
53
54
55
56
57
58
59

-68.8
1.8
1.1
35.7
30.8
6.0
-1.1
-107.4

132.7
1.3
0.3
51.0
28.6
-5.3
27.6
80.1

137.5
1.2
0.5
46.1
8.5
34.2
3.3
89.7

-52.3
1.5
-.9
22.8
1.6
24.1
-2.9
-75.8

46.7
1.7
0.3
33.9
19.0
4.9
10.0
10.8

116.1
0.9
1.3
24.8
7.3
10.1
7.4
89.1

199.4
1.1
1.6
87.4
25.9
42.7
18.8
109.4

-16.5
1.0
2.3
35.2
16.6
39.7
-21.2
-55.0

100.9
1.6
-4.0
84.1
19.9
25.7
38.5
19.2

205.7
0.9
-.5
79.7
11.8
8.0
59.9
125.6

1.9
1.4
0.7
50.8
9.4
48.6
-7.3
-51.0

80.1
1.6
0.8
55.0
10.0
16.6
28.4
22.8

60

-55.0

-47.0

-83.1

-16.7

32.8

51.8

25.4

-46.3

7.0

-71.0

-26.9

61
62
63
64
65

-13.8
14.1
19.1
-18,8

-9.9
11.0
27.7
-26.6

-31.2
7.8
30.7
-54.1

-37.8
5.9
27.9
-59.8

-42.2
-2.2
41.1
-85.5

-49.6
a.o

26.7
-68.3

-63.4
3.3
28.8
-88.9

-77.0
8.5
30.3
-98.8

-71.1
-2.0
40.1
-113.2

-86.7
-.7
29.0
-116.4

-97.6
-7.4
30.1
-135.1

Net increase in liabilities
U.S. off. fgn. exchange
and net IMF position
U.S. private deposits




38
39

Security debt
Trade debt

50
51

Miscellaneous liabilities
U.S.equity in IBRD, etc.
U.S. govt, deposits
U.S. dir. inv. abr.(3,4)
Equity
Reinvested earnings
Intercompany accounts
Other

52
53
54
55
56
57
58
59

Memo:
Net U.S. exports, NIPA basis
* Net U.S. factor income (6)
- Net transfer payments to fgn
♦ Net capital grants received
= Net fgn. investment in U.S.
(NIPA basis)

(1) Line 1 minus line 5; also equal to line 65 with the sign reversed.
(2) U.S. net sales, sign reversed.
(3) Through 1992:Q4, corporate bonds include net issues by Netherlands
Antillean financial subsidiaries, and U.S. direct investment abroad
excludes net Inflows from those bond issues.
(4) Direct investment is valued on a current-cost basis. Excludes
capital gains/losses. Components of direct investment--equity,
reinvested earnings, and intercompany accounts--are not available
before 1982.
(5) Balance of payments discrepancy adjusted to NIPA concepts.
(6) Consists of net receipts from foreigners of interest, corporate profits,
and employee compensation. Equals difference between GNP and GDP.
BILLIONS OF DOLLARS

37

Foreign corporate equities 40
Credit market instruments 41
Corporate bonds
42

-22.7 Discrepancy (FOF basis) (5)
-114.5
-10.7
33.0
-158.2

9

60

61
62
53
64
65

DECEMBER 7, 1994
Banking System

Banking System

F.110-F.Ill Monetary Authority and Commercial Banking

21

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1986

1985

1987

1988

1989

1990

1991

1992

1993

F.110 Monetary Authority (1)
x

0.1

0.3
0.1

0.4
0.1

-1.5
0.1

-2.3
0.2

-2.0
0.2

0.2
0.2

-1.5
0.2

-2.2
0.2

-.6
0.2

1.0
0.2

0.7
0.3

1
2

3 Net acq. of financial assets
4
Gold and foreign exchange
Treasury currency
5
SDR certificates
6
Federal Reserve float
7
8
F.R. loans to domestic banks
Security RPs
9

12.4
0.5
0.6
1.3
1.0
-.9
2.1

9.4
-1.7
0.7
-1.2
0.2
-3.8

14.6
0.5
0.7
-.7
2.7

31.9
0.4
0.5
0.3
0.3
-1.5
10.8

10.8
-3.8
0.6
-.5
2.3
-14.7

18.5
2.5
0.6
0.5
-1.6
5.5

11.2
12.6
O.S
3.5
-.2
-1.7
-4.7

28.0
1.3
0.8
1.5
1.5
-.3
16.2

22.4
-3.2
0.7
-1.5

X

24.9
2.0
0.6
0.1
0.1
-.5
3.2

-2.5

15.8
-2.2
0.4
-2.0
2.2
0.5
-7.3

42.1
0.4
0.6
-2.3
-.6
5.1

3
4
5
6
7
8
9

Credit market instruments
U.S. government securities
Treasury
Agency
Acceptances
Bank loans n.e.c.
Miscellaneous assets

7.7
7.7
7.9
-.2
0.1

14.7
14.7
15.0
-.3
0.5

8.4
8.4
8.7
-.3
3.0

18.4
18.4
18.6
-.2
1.0

19.4
19.4
19.8
-.4
1.7

24.7
24.7
24.9
-.3
2.2

10.5
10.5
11.1
-.6
0.4

-7.3
-7.3
-6.9
-.4
8.2

8.1
8.1
8.3
-.2
-1.2

31.1
31.1
31.4
-.3
-2.2

27.9
27.9
28.5
-.6
-3.2

36.2
36.2
37.0
-.8
2.6

10
11
12
13
14
15
16

12.3
1.3
0.9

9.3
-5.0
1.5

14.4
0.4
3.2

24.8
6.8
1.3

31.8
19.5
0.1

10.6
-6.3
-.8

18.4
-2.4
2.7

11.1
-3.8
1.1

27.8
3.1
3.9

22.2
-9.2
1.0

15.4
2.7
-1.7

41.8 17
2.9 18
0.3 19

10.2
0.7
-.2
9.7

13.0
-1.3

10.3
1.7

12.4
-1.9
-.2
14.4
-.1
0.1
-.2

16.7
-2.3
-.1
19.0
1.0
0.2
0.8

18.1
3.3
0.1
14.7
X

9.5
-2.4
0.2
11.7
4.2
0.1
4.1

25.2
2.8
-.2
22.6
-4.4
0.2
-4.6

29.2
8.8
0.6
19.8
1.2
0.2
1.0

17.6
-10.3
-.7
28.6
-3.1
0.4
-3.5

-2.6

-2.4

X

-1.8

-2.6

-1.0

0.3

1 Gross saving
2 Fixed nonres. investment

10
11
12
13
14
15
16

17 Net increase in liabilities
18
Depository inst. reserves
19
Vault cash of comm, banks
20
21
22
23
24
25
26

Checkable dep. and currency
Due to U.S. government
Due to rest of the world
Currency outside banks
Miscellaneous liabilities
Federal Reserve Bank stock
Other

27 Discrepancy

X

X

0.1
-.1

14.3
-.1
0.1
-.2

8.6
0.5
0.2
0.4

16.6
4.1
0.1
12.4
0.1
0.2
-.1

-.2

0.1

0.1

-1.8

X

X

0.1

X

37.1
7.2
0.1
29.8
1.0
0.3
0.6
X

20
21
22
23
24
25
26
27

(1) Assets and liabilities of Federal Reserve Banks and Treasury
monetary accounts that supply or absorb bank reserves. Excludes
the accounts of the Federal Reserve 3oard.

F.lll Commercial Banking (2)
1 Gross saving
2 Fixed nonres. investment

3 Net acq. of financial assets
4
Checkable dep. and currency
5
6
7
8
9
10

Total bank credit
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds

11
12
13
14
15
16

Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open market paper
Security credit

17
18

Mutual fund shares
Corporate equities

19
20
21
22

Cust. liabs. on acceptances
Vault cash
Reserves at Federal Reserve
Miscellaneous assets

23 Net increase in liabilities
Checkable deposits
24
U.S. government
25
Rest of the world
26
27
Private domestic

15.6
17.9

17.2
17.7

18.1
20.3

24.8
23.5

27.5
26.2

28.5
28.1

27.4
33.2

36.2
37.3

28.7
35.9

42.2
33.8

51.6
34.2

56.4
34.5

1
2

173.0
0.5

156.3
0.2

208.4
0.5

249.4
0.4

248.0
-.1

171.0
-.8

178.0
-.6

279.7
-.4

106.8
-.1

103.3
-.8

182.6
-.5

239.0
-.3

3
4

105.3
27.3
20.3
7.0
4.5
0.7

138.9
46.6
45.5
1.1
3.7
5.2

175.9
0.9
2.0
-1.1
12.5
5.6

208.9
6.5
7.9
-1.4
57.1
9.2

197.9
45.9
8.3
37.6
-28.4
22.2

124.6
26.1
-3.3
29.4
-29.1
24.8

158.3
21.7
-9.1
30.8
-22.7
10.9

183.3
35.2

55.2
-17.8
4.3

130.2
61.1
6.8
54.3
-16.4
4.6

105.7
111.3
60.4
50.9
-14.2
7.6

115.9
104.7
61.9
42.8
-5.7
-1.6

163.9
5
72.5 6
27.8 7
44.7 8
1.7
9
3.5 10

72.8
16.0
6.7
49.8
0.3

83.4
29.2
22.7
28.4
0.5
2.4

156.9
44.6
45.2
63.1
-1.8
5.8

136.0
49.7
37.5
40.7
-2.9
11.0

158.1
70.1
24.8
70.2
-1.1
-5.8

102.9
86.2
16.5
2.8
2.6
-5.3

148.4
77.8
33.1
39.1
-1.2
-.5

161.9
94.3
22.8
40.7
-.2
4.3

83.6
78.6
1.9
2.2
2.8
-2.0

-3. 1
31.9
-14.5
-29.1
-2.0
10.6

18.5
19.3
-6.9
-9.4
-1.4
16.9

-.1

0.1

-.1
-.1

-.3
-2.5

1.8
2.3

-.4
0.3

X

X

X

X

-.1

X

-20.0

83.6
47.2
34.0
-8.3
-1.9
12.7

11
12
13
14
15
16

0.5 17
2.1 18

7.7
0.9
1.0
57.5

6.9
1.5
-6.0
14.9

3.8
3.2
-.5
25.5

-9.5
1.3
5.1
43.1

-5.6
0.1
17.8
37.9

5.4
-.8
-5.6
48.2

-2.3
2.7
-2.8
22.7

-2.1
1.1
-3.0
100.7

-9.8
3.9
4.2
-21.6

-10.2
1.0
-8.8
16.3

-3.6
-1.7
2.5
70.0

-6.4
0.3
2,5
78.5

19
20
21
22

175.3
19.3
6.1
-3.4
16.6

165.0
15.0
-5.3
1.6
18.8

214.8
28.7
4.0
2.1
22.6

248.7
54.2
10.3
1.4
42.6

244.0
94.5
1.7
2.9
90.0

178.9
-19.7
-5.8
-1.3
-12.6

208.6
17.1
7.3
-.6
10.4

259.9
-3.4
-3.4
-.1
0.1

104.8
21.4
5.3
-.1
16.1

112.9
37.7
5.5
-2.0
34.2

191.8
93.1
-5.9
2.3
96.7

233.0
74. 1
12.1
-.4
62.4

23
24
25
26
27

-11.9 28
-21.0 29
41.5 30

28
29
30

Small time and savings dep.
Large time deposits
Fed. funds and security RPs

97.3
12.2
9.2

130.9
-46.6
14.8

75.1
37.8
1.6

81.8
11.0
31.3

74.3
1.5
19.2

27.9
41.4
10.2

74.0
41.8
20.8

100.7
28.9
37.9

123.0
-22.1
-25.6

78.9
-24.0
-19.3

2.7
-66.8
18.2

31
32
33
34

Net interbank claims
To monetary authority
To domestic banks (3)
To foreign banks

-4.6
0.1
-1.1
-3.5

0.3
-1.0
-10.9
12.2

10.3
2.0
5.5
2.8

21.5
-.4
5.3
16.6

11.7
-1.2
-2.8
15.7

52.5
1.8
-4.0
54.7

1.7
-1.2
-3.0
5.9

-13.5
-1.9
-4.4
-7.2

28.4
1.2
1.6
25.6

4.4
-1.5
26.2
-20.3

60.8
2.7
-4.9
62.9

38.4
-2.9
4.2
37.1

31
32
33
34

35
36
37
38
39

Corporate equity issues
Credit market instruments
Corporate bonds
Open market paper
Fed. Home Loan Bank loans

0.6
18.8
6.3
12.5
-

0.8
18.4
9.7
8.7
-

1.1
23.3
13.5
9.8
-

1.4
11.7
18.9
-7.1
-

1.4
7.0
16.1
-9.1
-

1.5
20.5
13.5
7.1
-

2.5
2.2
5.1
-2.9
-

1.5
4.3
4.7
0.1
-

2.1
-28.4
-4.8
-24.0
0.4

0.9
-14.2
4.2
-20.1
1.6

4.3
11.1
14.5
-7.7
4.3

1.9
14.4
7.2
-2.5
9.7

35
36
37
38
39

40
41

Taxes payable
Miscellaneous liabilities

-.1
22.6

-.1
31.6

36.9

0.1
35.7

34.5

0.1
44.7

0.2
48.4

0.2
102.7

-.2
6.2

43.6

0.2
68.2

0.5 40
95.2 41

42 Discrepancy
43 Memo: Cred. mkt. funds adv.(4)

X

113.1

X

X

8.1

4.3

0.7

-2.7

8.4

24.8

-20.9

-9.1

18.0

26.6

16. 0 42

143.3

174.0

188.4

198.1

135.4

156.5

177.2

125.1

80.8

95.3

142.2 43

(2) U.S.-chartered commercial banks, foreign banking offices in U.S.,
bank holding companies, and banks in U.S.-affiliated areas.
IBFs
are excluded from domestic banking and treated the same as
branches in foreign countries.
(3) Floats and discrepancies in Interbank deposits and loans.
(4) Total bank credit (line 5) less security credit (line 16)
less mutual fund shares (line 17) less corporate equities (line 18),
plus customer liabilities on acceptances (line 19).

BILLIONS OF DOLLARS.




X

DECEMBER 7, 1994
Banking System

Banking System

F.llO-F.lli Monetary Authority and Commercial Banking
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1991
IV

1992

1
1

I

II

III

IV

1
1

1993
I

II

III

IV

1
1

I

1994
II

III

F.110 Monetary Authority (1)

1
2

-.7
0.2

1.0
0.2

1.0
0.2

0.9
0.2

0.9
0.2

0.7
0.3

0.7
0.3

0.7
0.3

0.7
0.3

0.7
0.3

0.7
0.3

3
4
5
6
7
8
9

52.5
-2.5
0.7
3.0
-.4
23.4

-7.9
2.0
0.3
-2.1
-.7
-20.6

8.5
-3.3
O.S
-2.7
5.2
-8.4

105.2
-4.5
0.3
-.2
-3.0
84.6

-42.5
-2.9
0.4
-8.0
13.9
0.3
-86.8

72.2
1.2
0.5
-11.7
0.3
35.9

77.6
-1.4
0.5
-.5
3.1
32.7

19.7
0.8
0.6
2.7
5.5
-17.7

-1.1
0.9
0.9
M
-11.3
-30.4

61.1
-.1
0.9
-1.9
1.5
12.0

37.1
-5.1
0.8
1.7
1.0
18.1

10
11
12
13
14
15
16

17.2
17.2
17.6
-.4
11.1

27.2
27.2
27.5
-.3
-14.1

20.0
20.0
21.0
-1.0
-2.8

16.1
16.1
16.9
-.7
11.8

48.2
48.2
48.7
-.5
-7.7

42.5
42.5
43.7
-1.2
3-4

35.7
35.7
36.0
-.4
7.4

28.2
28.2
29.1
-.9
-.4

38.5
38.5
39.2
-.7
0.2

48.8
48.3
50.4
-1.6
-.1

17.9
17.9
19.1
-1.2
2.7

17
18
19

58.1
-1.0
3.8

-9.8
3.3
3.1

2.3
-11.0
-‘.7

111.1
10.3
-1.9

-41.9
8.0
-7.5

70.8
12.7
14.5

78.4
-9.2
4.4

16.9
-2.7
-6.2

0.9
10.7
-9.5

56.8
5.2
14.4

36.3
11.4
9.7

20
21
22
23
24
25
26

60.6
41.3
1.6
17.6
-5.3
0.3
-5.7

-10.5
-23.9
-2.4
15.8
-5.8
0.4
-6.1

25.3
1.7
-.6
24.2
-11.3
0.3
-11.6

87.9
51.6
1.3
34.9
14.8
0.6
14.2

-32.4
-70.7
-1.3
39.6
-10.0
0.3
-10.3

34.4
18.0
0.4
16.0
9.2
0.5
8.7

93.7
60.6
-.1
33.2
-10.4
0.4
-10.9

5.3
-35.0
0.9
39.5
20.4
0.2
20.3

15.0
-14.8
-.5
30.3
-15.3
0.3
-15.6

29.0
- i 1.4
0.3
40.1
8.2
0.2
8.0

21.0
-15.2
0.6
35.6
-5.8
0.3
-6.1

27

4.8

-1.1

-5.4

6.6

1.3

-1.0

1.3

-2.4

2.4

-4.0

-.4

0.7 Gross saving
0.3 Fixed nonres. Investment
5.8 Net acq. of financial assets
Gold and foreign exchange
0.2
Treasury currency
0.8
SDR certificates
Federal Reserve float
-2.7
-.8
F.R. loans to domestic banks
-18.2
Security RPs

24.0
24.0
24.5
-.5
2.4

Credit market instruments
U.S. government securities
Treasury
Agency
Acceptances
Bank loans n.e.c.
Miscellaneous assets

6.2 Net increase in liabilities
-26.5
Depository inst. reserves
-17.8
Vault cash of comm, banks

34.7
3.4
-1. 0
32.3
15.7
0.3
15.4

Checkable dep. and currency
Due to U.S. gove-nment
Due to rest of the world
Currency outside b3nxs
Miscellaneous liabilities
Federal Reserve 3ank stock
Other

0.8 Discrepancy

1
2
3
4
5
6
7
8
9

10
11
12
13
14
15
16

17
18
19
20
21
22
23
24
25
26

27

(1) Assets and liabilities of Federal Reserve Banks ano Treasury
monetary accounts that supply or absorb bank reserves. Excludes
the accounts of the Federal Reserve Board.

F.lll Commercial 3anking (2)

1
2

45.7
34.2

48.6
34.0

49.9
33.9

54.7
34.3

53. 1
34.4

50.2
34.8

54.0
35.0

59.8
33.9

61.8
34.2

52.4
33.5

55.7
33.4

3
4

97.1
-.5

223.2
-.3

256.2
-.4

174.8
-.5

76.1
-.7

265.5
-.5

323.6
-.6

97.6
-.3

269.2
0.3

232.5
0.3

345.4
1.3

5
6
7
8
9
10

129.1
156.6
84.1
72.5
-9.6
12-5

123.5
101.2
60.6
40.6
-10.0
-7.3

64.2
110.6
62.4
48.2
-7.5
-5.6

194.9
125.8
72.2
53.5
0.4
12.9

30.9
81.2
52.5
28.7
-5.8
-6.3

85.6
110.1
30.4
79.7
-6.6
15.1

182.8
47.1
6.5
40.7
3.1
-3.3

148.4
49.6
15.6
34.0
10.1
5.5

233.9
83.3
58.8
24.5
-3.4

171.6
67.7
57.6
10.1
1.3
-3.7

97.0
-22.7
-37.2
14.5
-1.4
5.8

150.9
-85.3
-82.7
-2.6
-2.5
9.2

11
12
13
14
15
16

-31.4
23.1
-15.0
-42.1
2.6

37.2
34.9
-3.1
-8.9
-.4
14.7

-31.3
-11.0
-9.1
-12.0
-1.8
2.6

55.5
40.7
-13.0
-1 . 1
-3.9
32.8

12.9
12.6
-2.5
-15.3
0.3
17.7

-35.5
6.5
29.2
-49.2
-2.3
-19.7

136.7
49.7
33.6
19.2
-5.9
40.1

80.4
63.2
33.3
-7.3
-2.6
-6.2

152.9
69.3
39.7
4.2
3.2
36.4

111.4
9.2
49.7
61.9
-6.4
-3.0

116.7
45.3
65. 1
27.1
-1.2
-20.1

230.2
116.3
67.1
76.8
-.9
-29.1

17
13

1.0

2.9
-.4

-1.9
-.1

1.5
-1.1

-4.0
3.0

1 .5
1.0

-1.5
0.6

1.5
1.3

0.6
5.6

-3.6
-2.0

-2.6
1.2

-1.2
0.5

19
20
21
22

-12.0
3.8
-2.2
-21.1

-4.9
3.1
2.6
99.2

-6.2
-.7
-9.1
208.4

-3.0
-1.9
9.8
-24.6

-.5
-7.5
6.7
-2.9

-2.3
14.5
13-5
154.6

-10.2
4.4
-10.6
157.9

-5.0
-6.2
-2.7
-36.5

-3.2
-9.5
9.3
37.9

4.5
14.4
6.0
35.1

-5.9
9.7
11.6
231.6

2.8
-17.8
-25.5
-90.5

23
24
25
26
27

89.0
-20.1
9.9
0.6
-30.5

196.9
169.6
-31.4
2.9
198.1

331.4
60.8
14.5
6.9
39.5

194.9
84.2
6.1
-1.0
79.1

44.0
57.6
-12.7
0.3
69.9

262. 1
82.8
-.6
2.3
81.2

357.3
104.1
9.0
-.3
95.9

108.3
57.0
6.0
9.4
41.6

204.5
52.4
34.0
-12.6
31.0

295.5
158.2
33.6
9.7
114.9

376.2
-35.4
-49.2
4.3
-40.5

28
29
30

23.0
-73.5
21.8

19.7
-51.5
30.2

-1 .
-90.5
45.8

-13.1
-40.9
-33.5

15.5
-34.5
30.4

-20.1
-2.3
67.3

-4.4
-28.0
30.3

-31.3
-58.5
59.3

8.2
4.6
9.2

0.6
-36.0
73.5

-8.0
-.2
121.8

-10.6
75.9
-6.5

31
32
33
34

-38.6
2.6
12.3
-54.0

80.5
-2.7
1.2
82.1

142.6
2.5
-13.1
153.2

34.8
-3.2
-2.0
40.0

-14.9
14.2
-5.5
-23.5

36.6
-11.4
2.7
45.2

135.1
2. 7
0.5
131.9

1.3
8.3
-10.4
3.4

-19.3
-11.3
24.0
-32.1

131.2
-.4
-29.1
160.7

174.5
2.6
5.3
166.6

35
36
37
38
39

2.5
-2.5
10.6
-14.9
1.8

2.2
12.6
12.1
-3.2
3.7

4.6
-2.7
6.9
-15.7
6.1

2.9
19.2
19.0
-4.4
4.6

7.7
15.3
20.3
-7.6
3.0

2.5
24.6
14.9
2.3
7.4

1.5
12.7
7.9
-6.3
11.0

0.1
7.0
3.4
-8.5
12.1

3.4
13.5
2.8
2.6

a. l

2.4
5.5
-1.3
5.7
1.1

40
41

0.1
176.4

0.1
-66.5

0.2
181.7

0.3
141.0

0.3
16.4

0.4
70.5

0.4
105.6

0.5
72.9

0.5
132.0

0.6
-45.4

42

3.4

-11.7

91.2

40.5

-13.4

12.0

52.7

36.6

-37.1

82.0

53.2

43

116.0

1G1.4

57.4

158.8

63.8

100.5

133.4

146.7

138.1

184.7

112.7

X

M

M

60.0 Gross saving
32.9 Fixed nonres.

investment

21.8 Net acq. of financial assets
1.9
Checkable dep. and currency




3
4

5
Total bank credit
6
U.S. government securities
Treasury
7
Agency
8
9
Tax-exempt securities
10
Corporate and fgn. oonds

Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open market paper
Security credit

11
12
13
14
15
16

Mutual fund shares
Corporate equities

17
18

Cust. liabs. on acceptances
Vault cash
Reserves at Federal Reserve
Miscellaneous assets

65.0 Net increase in liabilities
-112.9
Checkable deoosits
-50.0
U.S. government
-9.1
Rest of tne world
-53.7
Private domestic

19
20
21
22

23
24
25
26
27

Small time and savings dap.
Large time deposits
Fed. funds and security RPs

23
29
30

-.2
-3.5
11.4
-8.1

Net interbank claims
To monetary autnority
To domestic Danks (3)
To foreign banks

31
32
33
34

4.5
20.6
2.2
2.7
15.7

4.7
34.5
5.4
15.9
13.2

Corporate equity issues
Credit market instruments
Corporate bonds
Open market paper
Fed. Heme Loan Bank ioans

35
36
37
38
39

0.7
147.7

0.7
79.2

Taxes payable
Miscellaneous liabilities

40
41

70.1 Discrepancy

183.5 Memo: Cred. mkt.

42

funds adv.(4)

(2) U.S.-chartered commercial banks, foreign banking offices in U.3.,
bank holding companies, and banks in U.S.-aff iliated areas.
.’3fs
are excluded from domestic banking and treated the same as
branches in foreign countries.
(3) Floats and discreoancies in interoanx deposits and loans.
(4) Total bank credit (line 5) less security credit (line 16)
less mutual- fund shares (line 17) less corporate equities (line 13),
plus customer liabilities on acceptances (line 19).
BILLIONS OF DOLLARS.

1
2

43

DECEMBER 7, 1994
Commercial Bankins Subsectors

Commercial Banking Subsectors
F.112-F.113 Commercial Banking Subsectors

23

ANNUAL FLOWS

ANNUAL FLOWS
1962

1983

1964

1985

1986

1987

1988

1969

1990

1991

1992

1993

39.4
32.2

F.112 U.S.-Chartered Commercial Banks
9.5
17.1

9.6
16.8

10.3
19.4

15.7
22.5

20.4
25.2

22.1
27.0

18.4
32.1

25.9
36.1

17.3
34.5

30.5
32.1

41.1
32.1

3 Net acq. of financial assets
Total bank credit
4
U.S. government securities
5
Treasury
6
Agency
7
Mortgage pool secur.
8
Agency-issued CMOs
9
Other agency secur.
10

111.1
104.2
26.7
19.4
7.3
7.3

130.4
133.9
44.2
43.5
0.7
0.7

165.5
166.2
1.3
2.5
-1.2
-4.2
3.0

191.6
183.4
4.6
7.5
-2.9
-2.4
-.4

175.9
163.8
42.4
5.9
36.5
25.7
10.8

91.3
97.0
24.8
-3.1
27.9
22.3
5.6

127.9
129.0
19.8
-9.4
29.3
14.8
14.4

160.5
155.2
34.0
-20.3
54.2
36.5
17.7

99.1
90.9
54.5
1.7
52.8
21.5
23.3
8.0

33.3
46.6
96.6
50.3
46.3
9.0
34.6
2.7

74.1
72.6
85.5
46.6
38.9
1.8
33.3
3.8

11
12
13
14
15

Tax-exempt securities
Corporate and fgn. bonds
Private mtg. pool secur.
Privately issued CMOs
Other bonds

4.6
1.7
1.7

3.8
3.6
3.6

12.6
3.2
x
3.2

57.2
2.3
X
2.3

-28.4
18.4
3.3
15.0

-29.1
20.7
0.1
20.6

-22.7
12.3
-.7
13.0

-17.8
2.4
0.4
2.0

-16.4
3.6
-.3
3.9

-14.1
4.3
0.3
0.4
3.6

-5.7
-3.2
0.3
-6.6
3.1

1.9
0.1
0.9
-1.8
1.0

11
12
13
14
IS

16
17
16
19
20
21

Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open market paper
Security credit

71.2
15.1
6.7
47.9
1.0
0.5

82.3
29.4
22.7
27.3
0.9
2.0

149.1
44.1
45.2
56.0
-.9
4.7

119.3
49.4
37.5
28.8
-3.2
6.8

131.5
67.0
24.8
46.6
-1.0
-5.9

80.6
80.7
16.5
-14.9
1.5
-3.2

119.6
69.1
33.1
18.5
-.7
-.4

136.9
85.4
22.8
24.9
-.6
4.2

51.9
62.4
1.9
-7.8
0.8
-5.4

-44.3
22.5
-14.5
-53.5
-1.0
2.2

-4.1
21.2
-6.9
-19.8
-1.6
3.1

97.3
52.5
34.0
7.8
-1.0
4.1

16
17
18
19
20
21

22
23

Mutual fund shares
Corporate equities

1 Gross saving
2 Fixed nonres. Investment

-

-

-.1
-.1

-.3
-2.5

1.3
2.2

-.4
0.4

0.5 22
2.1 23

-11.1
5.7
13.5

-7.3
17.3
2.0

-1.0
-6.0
1.3

-3.1
1.0
0.9

-5.2
-1.8
12.3

-4.1
8.0
4.4

-4.6
-7.5
-1.3

-.1
1.1
0.5

-2.4 24
3.0 25
-1.3 26

179.1
30.2
4.0
3.0
23.2
74.6
33.9
1.9

199.3
51 .8
10.3
X
41.5
80.3
10.8
26.8

178.3
93.2
1.7
2.7
88.8
71.6
-6.6
10.8

104.8
-19.1
-5.8
-1.5
-11.8
27.4
37.7
11.9

166.6
15.8
7.3
-.6
9.1
73.1
35.2
16.3

149.9
-3.5
-3.4
0.1
-.2
96.5
24.0
35.6

107.2
21.7
5.3
-.4
16.8
121.9
-20.5
-33.7

52.6
37.6
5.5
-2.2
34.3
90.0
-73.1
-27.1

91.5
93.1
-5.9
1.7
97.2
2.1
-76.2
17.4

166.1
73.8
12.1
-.3
61.9
-10.9
-20.0
45.4

27
28
29
30
31
32
33
34

6.6
-1.2
0.2
-.1
7.7

5.3
-.7
2.7
4.6
-1.2

8.4
0-1
-.5
-1.7
10.5

-4.7
0.3
-1.5
-.9
-2.6

32.3
-.5
2.3
2.2
28.3

1.3
0.5
-1.6
0. I
2.4

-21.2
-.2
-1.7
-14.0
-5.4

8.7
1.5
-.3
-9.9
17.4

7.8
-1.5
X
17.9
-8.6

19.0
2.2
0.5
14.6
1.7

19.5
-2.3
-.6
11.9
10.6

35
36
37
38
39

0.8
-.2
3.0
-.1
16.9
15.5
1.4

1.1
3.6
-3.6
w
32.0
18.9
13.1

1.4
4.5
-10.9
0.1
26.0
15.6
10.3

1.4
2.2
-8.7
X
19.1
16.7
2.4

1.5
0.7
-1. 0
0.1
13.6
19.8
-6.2

2.5
-.3
-3.3
0.2
25.7
21.3
4.4

1.5
2.9
-5.3
a.2
19.4
8.6
10.8

2.1
4.2
-4.4
0.4
-.2
7.0
5.4
1.6

0.9
0.9
-4,7
1.6
X
28.6
19.4
9.2

4.3
8.4
-.1
4.3
0.2
19.0
27.8
-8.8

1.9
3.6
-2.5
9.7
0.5
45.2
31.6
13.6

40
41
42
43
44
45
46
47

-

-

Cust. liab. on acceptances
Vault cash and res. at F.R.
Miscellaneous assets

7.0
1.5
-1.6

4.6
-3.9
-4.2

-2.8
2.5
-.3

27 Net increase in liabilities
Checkable deposits
28
29
U.S. government
Rest of the world
30
Private domestic
31
Smail time and savings dep.
32
Large time deposits
33
34
Fed. funds & sec. RPs, net

118.6
20.9
6.1
-2.2
17.1
96.4
2.3
9.2

146.0
15.6
-5.3
1.4
19.5
130.3
-38.7
11.3

35
36
37
38
39

Net Interbank claims
Federal Reserve float
Borrowing from r.R. banks
To domestic banking
To foreign banks

-27.8
r.o
-.9
-2.0
-25.9

40
41
42
43
44
45
46
47

Corporate equities
Corporate bonds
Acceptance liabilities
Fed. Home Loan 3ank loans
Taxes payable
Miscellaneous liabilities
Inv. by bank holding cos.
Other

0.6
0.6
9.5
-.1
7.4
16.2
-8.8

46 Discrepancy
49 Memo:

Credit mkt. funds adv.

0.2

8.3

4.5

0.9

-2.4

8.5

24,9

-20.8

-9.1

17.7

26.4

15.8 48

HO.7

136.5

158.7

165.6

162.5

99,2

126.4

146.1

94.9

35.7

69.5

149.6 49

F.113 Foreign Banking Offices in U.S.

1 Gross saving
2 Fixed nonres.

157.5 3
158.7 4
56.8 5
20.6 6
36.2 7
17.6 8
9
ll.l
7.5 10

-

-

24
25
26

1
2

(1)

0.2
0.4

0.2
0.5

0.3
0.5

0.3
0.6

0.3
0.6

0.4
0.7

0.4
0.7

0.4
0.8

0.6
1.0

1.0
1.4

1.3
1.7

1.4
1.9

1
2

42.2
1.0
0.8
0.8
X
-.1
0.1

1. 0
1.9
1.7
1.6
0.1
-.1
0.4

13.0
7.3
-.6
-.6
-.1
-.1
1.8

22.7
19.1
0.4
X
0.5
-.1
3.5

42.2
33.4
3.6
2.1

5.0

49.2
25.5
0.9
-.4
1.2
3.0

30.5
28.6
1.2
0.1
1.1
-.7

93.5
23.3
0.1
-.2
0.3
1.1

8.0
37.6
6.9
5.0
1.9
2.9

71.5
62.5
13.4
9.4
4.0
3.7

65.3
34.0
11.7
8.7
2.9
1.0

34.4
2.8
13.9
6.5
7.4
1.4

3
4
5
6
7
8
9

0.1
1 .1
0.2
-.7
-.5
X

-.1
0.2
-.4
-.4
0.5
X

6.3
0.4
5.7
-.9
1.1
-.1

15.1

10.5
0.3
4.2
0.1

24.8
2.9
21.9
-.2
0.1
w

21.7
5.2
17.4
1.2
-2.1
-.1

28.1
8.1
20.5
-.5
-.1
X

22.6
8. 1
14.0
0.4
0.1
X

27.7
15.3
6.9
2.0
3.4
-

45.4
3.8
29.3
-1.0
8.4
w

21.3
-2.7
9.9
0.2
13.9
w

-12.5
-6.5
-13.7
-.9
8.6
-

10
11
12
13
14
15

0.9
0.3
40.1

2.2
-.7
-2.5

6.6
0.3
-1.2

1.6
0.7
1.2

1.7
0.6
6.5

6.5
-.4
17.6

0.7
-l.l
2.3

3.1
X
66.7

-5.7
0.2
-24.0

-5.6
-.3
14.9

-3.6
-.3
35.2

-4.0 16
0.3 17
35.5 18

19 Net increase in liabilities
20
Checkable deposits
Small time and, savings dep.
21
22
Large time deposits
23
Fed. funds a sec. RPs, ne-t

42.4
-1.7
0.9
9.8
-

1.3
0.3
-.9
-8.7
3.5

13.3
-1.0
0.5
3.9
-.3

23.0
2.1
1.1
-.2
4.5

42.6
0.9
2.2
7.6
8.4

49.6
-.6
0.6
3.3
-1.7

30.9
1.0
0.5
6.3
4.5

93.9
-.3
3.7
4.4
2.3

8.6
0.4
-1.0
-3.7
8.4

72.1
0.2
-.1
50.1
3.8

65.9
-.6
0.2
9.0
0.7

35.1
X
-.8
-.8
-4.3

24
25
26

Net interbank claims
To foreign banks
To domestic banxs

27.0
24.6
2.3

3.8
7.6
-3.8

3.1
4.6
-1.5

11.6
6.6
5.0

15.8
17.0
-1.2

15.0
22.9
-7.9

4.0
1.8
2.3

4.7
-3.7
a. a

8.2
7.3
0.4

1.8
-5.6
7.5

38.2
55.3
-17.0

27
28
’9
30
31

Acceptance liabilities
Miscellaneous liabilities
Fgn. direct invest, in US
Due to affiliates
Other

1.6
4.9
1.5
1 .9
1.5

2.2
1.0
0.9
2.2
-2.1

7.3
X
1.7
0.3
-2.0

1.5
2.4
1.4
2.2
-1.3

2.8
4.8
1.6
4.2
-.9

6.6
25.8
1.7
7.2
16.9

0.5
14.0
2.7
12.8
-1.5

1.0
78.0
2.3
2.6
73.1

-.9
-3. 0
0.9
-1.8
-2.0

-9.6
20.9
3.6
-17.3
34.6

-3.8
22.1
1.8
-8.8
29.2

investment

3 Net acq. of financial assets
4
Total bank credit
U.S. government securities
5
Treasury
6
7
Agency
8
Tax-exempt securities
9
Corporate bonds
10
ll
12
13
14
15

16
17
18

Total loans
Mortgages
Bank loans n.e.c.
Open market paper
Security credit
Corporate equities
Cust. liab. on acceptances
Reserves at Fed. Reserve
Miscellaneous assets

32 Discrepancy
33 Memo:

Credit mkt.

funds adv.

a. i

19
20
21
22
23

17.7 24
30.0 25
-12.3 26

-5.1
28.4
3.8
2.3
22.3

27
28
29
30
31

0.1

0.1

O.l

0.1

0.1

0.1

0.1

0.1

0.1

0.2

0.2

0.2 32

2.2

3.7

12.9

16.4

35.0

34.2

29.4

26.7

23.4

48.5

16.5

-9.8 33

(1) Branches and agencies of foreign banks, Edge Act and iAgreement
corporations, New York investment companies, and American
Express Bank.

 BILLIONS OF DOLLARS.


r.s

DECEMBER 7, 1994
Commercial Banking Subsectors

Commercial Banking Subsectors
F.112-F.113 Commercial Banking Subsectors

SEASONALLY ADJUSTED ANNUAL RATES
1991 I
IV
1

SEASONALLY ADJUSTED ANNUAL RATES

1992

][

II

III

1
1

IV

1993

I

II

III

IV

1
1

I

1994
II

III

35.5 Gross saving
30.4 Fixed nonres.

F.112 U.S. -Chartered Commercial Banks

1
2

40.0
32.3

36.8
32.6

39.4
32.7

41.8
31.5

39.5
31 .8

30.7
31.0

31.8
30.9

112.3
137.6
105.5
57.1
48.4
-5.8
55.6
-1.4

22.1
56.6
58.3
31.3
27.0
9.5
12.9
4.5

190.0
105.8
90.0
22.5
67.5
31.0
27.0
9.5

155.5
150.7
39.5
3.7
35.8
14.9
27.9
-7.0

110.7
169.1
43.5
14.1
29.4
11.0
4.1
14.3

173.8
209.5
54.3
42.2
12.1
13.6
-14.6
13.1

241.3
120.5
37.3
42.8
-5.5
19.9
-6.7
-18.6

191.4
108.7
-20.5
-34.4
14.0
22.4
-19.0
10.7

-7.5
-6.5
-.3
-10.9
4.7

0.5
4.5
-.2
-1.6
6.3

-5.7
-7.1
2.2
-7.4
-1.8

-6.4
11.9
5.9
-.2
6.3

3.5
-5.3
0.1
-2.9
-2.5

10.4
-2.1
-2.8
4.3
-3.5

0.1
-4.2
O.S
-8.4
3.7

1.6
-5.0
0.9
3.9
-9.3

-1.7
-4.5
-1.3
-.6
-2.6

-3.1
0.1
0.9
-1.9
1.1

10.2
34.7
-3.1
-27.1
-5.0
10.7

-65.4
-12.5
-9.1
-31.3
-2.7
-9.9

26.9
43.3
-13.0
-12.3
1.3
7.6

12.0
19.2
-2.5
-8.5
-.2
4.0

7.7
10.3
29.2
-29.4
2.6
-5.5

114.5
53.2
33.6
21 .5
-5.8
11.9

113.9
66.6
33.3
9.2
-.6
5.4

153.1
79.2
39.7
29.9
-.2
4.5

92.1
14.4
49.7
24.6
-3.8
7.2

136.8
49.3
65.1
43.2
-1.7
-19.1

221.5
120.1
67.1
49.6
-.7
-14.7

2.9
-.3

-1.9
-.1

1.5
-1 .1

-4.0
3.0

1.5
1. 0

-1.5

l.S
1.8

0.6
5.7

-3.6
-1.9

-2.6
1.2

-1.2
0.5

-3.4
1.2
-36.7

-1.5
6.3
60.3

-2.1
-8.6
11.4

3.5
5.0
-33.8

-.2
1.6
-35.9

-5.3
26.0
63.6

-2.9
-5.0
12.7

-11.4
-46.9

-1.4
2.3
-36.6

1.7
21.9
97.2

-.9
20.7
63.0

1.7
-42.3
-93.1

27
28
29
30
31
32
33
34

8.8
-21.7
9.9
-.3
-31.3
32.6
-90.8
14.0

141.8
172.9
-31.4
1.5
202.7
21.9
-79.2
20.4

83.5
59.8
14.5
7.0
38.3
-14.6
-74.3
1.2

140.0
82.2
6.1
-1.7
77.9
-10.9
-64.3
18.6

0.8
57.4
-12.7
0.1
69.9
12.1
-86.9
29.4

197.5
82.3
-.6
3.2
79.7
-20.4
-18.4
74.4

201.3
103.0
9.0
-2.8
96.8
-6.8
-24.7
31.3

136.8
54.1
6.0
9.5
38.6
-22.6
-27.1
73.6

128.7
55.7
34.0
-11.0
32.7
6.3
-9.9
2.3

322.1
156.4
33.6
10.6
112.2
1.5
-2.5
68.3

241.8
-84.4
-49.2
3.8
-39.0
-10.1
8.9
119.7

35
36
37
38
39

9.4
3.0
-.4
35.1
-28.2

7.1
-2.1
-.7
-2.2
12.0

43.4
-2.7
5.2
41.2
-.4

53.8
-.2
-3.0
16.4
40.7

-28.2
13.9
0.3
3.1
-45.5

3.7
-11.7
0.3
0.7
14.4

44.7
-.5
3.1
28.4
13.6

19.0
2.7
5.5
-4.3
15.0

10.6

-11.3
22.5
-.6

16.4
-1.9
1.5
-42.7
59.5

154.3
1.7
1.0
57.1
94.6

54.7
-2.7
-.8
-4.0
62.3

Net interbank claims
Federal Reserve float
Borrowing from F..R. Danks
To domestic banking
To foreign banks

35
36
37
38
39

40
41
42
43
44
45
46
47

2.5
1.9
-3.4
1 .8
0.1
62.3
26.6
35.7

2.2
0.1
-1.6
3.7
0.1
-5.6
-16.9
11.3

4.6
10.0
-2.2
6.1
0.2
49.3
51.2
-1.9

2.9
10.8
3.4
4.6
0.3
38.7
33.0
5.7

7.7
12.5
-.1
3.0
0.3
-6.4
43.8
-50.2

2.5
2.9
-5.6
7.4
0.4
68.4
33.0
35.5

1.5
9.9
-2.5
11.0
0.4
33.5
30.6
2.9

0.1
0.2
-.4
12. 1
0.5
27.3
32.9
-5.7

3.4
1.5
-1.6
8.1
0.5
51.6
30.1
21 .5

2.4
-.4
1.7
1.1
0.6
76.4
16.5
60.0

4.5
0.8
-1.0
15.7
0.7
32.8
9.7
23.1

4.7
4.7
1.6
13.2
0.7
93.9
15.4
78.6

Corporate equities
Corporate bonds
Acceptance liabilities
Fed. Home Loan 3ank loans
Taxes payable
Miscellaneous liabilities
Inv. by bank holding cos.
Other

40
41
42
43
44
45
46
47

48

3.2

-11.9

91.0

40.2

-13.6

11.8

52.4

36.3

-37.4

80.5

51.3

49

50.5

31.1

10.1

133.3

53.4

103.4

137.4

160.3

197.3

120.6

128.4

1
2

36.6
32.4

39.3
32.1

40.4
31 .8

3
4
S
6
7
8
9
10

9.8
48.7
120.6
59.7
60.9
7.4
44.7
8.9

160.9
95.8
96.6
56.6
40.0
9.1
32.9
-1.9

1.0
0.3
81.7
41.3
40.4
-5.6
31.9
14.1

11
12
13
14
IS

-9.6
3.0
0.6
2.4

-9.9
-3.6
-.4
-6.5
3.4

16
17
18
19
20
21

-66.3
15.6
-15.0
-61.5
0.7
-6.2

22
23

1.0

24
25
26

X

X

44.8
32.2 .

X

K

X

F.113 Foreign Banking Offices in U.S.

investment

13.5 Net acq. of financial assets
3
4
147.7
Total bank credit
U.S. government securities 5
-70.2
Treasury
-69.8
6
-.4
7
Agency
-3.1
Mortgage pool secur.
8
9
-13.9
Agency-issued CMOs
10
Other agency secur.
16.6

Tax-exempt securities
Corporate and fgn. bonds
Private mtg. pool secur.
Privately issued CMOs
Other bonds

11
12
13
14
15

Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open market paper
Security credit

16
17
18
19
20
21

Mutual fund shares
Corporate equities

22
23

Cust. liab. on accectances
Vault cash and res. at F.R.
Miscellaneous assets

24
25
26

76.6 Net increase in liabilities
-113.1
Checkable deposits
-50.0
U.S. government
Rest of the world
-9.2
-53.8
Private domestic
-5.6
Small time and savings dep.
16.3
Large time deposits
5.3
Fed. funds 8 sec. RPs, net

27
28
29
30
31
32
33
34

68.3 Discrepancy

164.7 Memo:

48

Credit mkt. funds adv.

49

Cl)

1
2

1.2
1.5

1.2
1.6

1.3
1.7

1.4
1.8

1.4
1.8

1.4
1.8

1.4
1.9

1.4
1.9

1.5
1.9

2.9
2.0

3.2
2.0

3
4
5
6
7
8
9

82.3
80.8
34.3
25.7
8.6
10.2

38.1
18.1
-6.4
-8.7
2.3
-2.4

206.4
61.5
27.0
19.7
7.2
-.2

-3.0
35.8
7.9
7.0
0.9
6.2

19.5
20.5
18.3
17.0
1.3
0.4

38.3
-18.7
20.7
8.9
11.8
3.0

104.8
21.8
3.2
- .6
3.8
-1.5

-40.1
-24.1
5. 1
1.0
4.1
3.6

34.7
32.1
26.6
16.7
9.8
0.6

-30.0
46.0
26.9
12.4
14.4
*

145.0
-13.8
0.2
1.4
-1.2
8.9

-38.9 Net acq. of financial assets
3.7
Total bank credit
-11.9
U.S. government securities
Treasury
-8.8
Agency
-3.1
Tax-exempt securities
7.9
Corporate bonds

10
11
12
13
14
15

36.3
7.0
21.2
1.9
6.2
0.1

27.1
-.4
18.8
4.6
4.0
-.1

34.7
0.7
20.5
0.9
12.5
-

21.6
-3.5
5.1
-5.2
25.2
*

1 .8
-7.6
-4.7
0.5
13.7

-42.4
-5.5
-17.9
-4.9
-14.2
-

19.5
-4.9
-3.7
-.1
28.2
0.6

-32.3
-4.8
-13.9
-2.0
-11.6
-.6

5.0
-11.0
-19.3
3.5
31.9
-.1

19.2
-6.1
38.0
-2.5
-10.2

-22.9
-4.2
-18.3
0.6
-1 . 0
-

7.7
-4.3
26.5
-.2
-14.4

16
17
18

-8.6
0.4
9.6

-3.4
-.6
24.1

-4.0
-1.2
150.2

-6.5
2.9
-35.2

-.3
-2.3
1.7

3.1
2.1
51.8

-7.3
-1.3
91.6

-5.0
2.5
-13.5

-6.8
-2.0
11.4

2.8
-1.5
-77.4

-5.0
0.6
163.2

1.1
-.5
-43.3

19
20
21
22
23

82.8
1.5
-8.9
18.0
6.1

38.7
-3.6
-2.2
27.8
6.9

207.0
0.3
2.9
-16.8
48.0

-2.4
1.2
-2.8
22.7
-53.0

20.1
-.3
3.1
2.1
0.7

38.9
0.1
0.3
16.2
-8.9

105.4
0.8
2.7
-2.9
-1 . 1

-39.4
2.6
-8.4
-31.1
-16.2

35.3
-3.4
2.1
14.6
8.9

-29.4
1.8
-1.0
-33.6
8.5

145.6
-.8
1.9
-9.3
3.7

-38.2 Net increase in liabilities
0.6
Checkable deposits
-5.4
Small time and savings dep.
59.3
Large time deposits
-12.0
Fed. funds 8 sec. RPs, net

24
25
26

-31.9
-11.2
-20.7

97.5
87.5
10.0

81.7
136.4
-54.7

-28.1
-9.7
-18.4

1.8
6.7
-4.9

54.3
54.2
0.1

67.8
100.3
-32.5

-9.4
-3.4
-6.1

-41.9
-31.0
-10.9

116.5
103.8
12.7

33.6
90.6
-57.0

-66.6
-83.1
16.5

Net interbank claims
To foreign banks
To domestic banks

24
25
26

27
28
29
30
31

-9.8
107.8
9.0
-22.5
121.3

-.5
-87.1
0.9
12.5
-100.5

-7.4
98.2
0.2
-1 . 1
99.1

-6.2
63.8
2.5
-20.4
81.7

-.9
13.7
3.5
-26.3
36.6

-1.2
-21.3
4.3
18.6
-44.7

-7.1
45.3
5.0
-.5
40.8

-5.4
28.4
2.4
-6.0
32.0

-6.8
61.8
3.5
-2.8
61.1

-.5
-121.1
2.9
-124.0

-3.1
119.6
3.0

3.2
-17.4
2.9
24.8
-45.0

Acceptance liabilities
Miscellaneous liabilities
Fgn. direct invest, in US
Due to affiliates
Other

27
28
29
30
31

X

X

X

116.6

32

0.2

0.2

0.2

0.2

0.2

0.2

0.2

0.2

0.2

1.6

1.9

33

65.9

10.7

44.9

4.0

6.5

-1.4

-14.3

-16.9

-6.5

59.0

-17.8


BILLIONS OF


3.3 Gross saving
2.1 Fixed nonres.

investment

Total loans
Mortgages
Bank loans n.e.c.
Open market pacer
Security credit
Corporate equities
Cust. liab. on acceptances
Reserves at Fad. Reserve
Miscellaneous assets

1.9 Discrepancy
19.2 Memo:

Credit mkt. funds adv.

(1) Branches and agencies of foreign banks, Edge Act and Agreement
corporations, New York Investment companies, and American
Express Bank.

DOLLARS.

1
2
3
4
5
6
7
a

9
10
11
12
13
14
15

16
17
18
19
20
21
22
23

32
33

DECEMBER 7, 1994
Commercial Banking Subsectors, Continued

Commercial Banking Subsectors, Continued
F.114-F.115 Commercial Banking Subsectors, Continued

25
ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

10.5
0.1

9.8
0.1

15.5
0.2

F.114 Bank Holding Companies

1 Gross saving
2 Fixed nonres.

investment

10
11
12
13

7.2
0.3

7.5
0.2

8.7
0.2

6.7
0.2

6.0
0.2

8.6
0.2

9.8
0.2

10.7
0.1

1
2

20.0

21.5

30.7

32.8

31.1

31.8

18.1

23.7

-4.9

1.7

40.6

45.4

3

Credit market instruments
U.S. government securities
Treasury
Agency
Corporate bonds
Bank loans n.e.c.

-2.2
-.3
-.1
-.3
-.8
-1.0

1.5
0.5
0.1
0.4
1.3
-.3

0.9
0.3
0.1
0.2
0.6
0.1

3.7
1.3
0.3
1.0
3.1
-.7

-.3
-.5
-.1
-.4
-1.3
1.5

2.0
0.4
0.1
0.3
1.0
0.5

-.1
0.1
X
X
0.1
-.3

2.8
0.4
0.1
0.3
0.8
1.6

-2.8
-.6
-.2
-.5
-1.9
-.2

-1.5
0.8
0.3
0.5
-.5
-1.9

5.6
4.9
5.1
-.2
0.3
0.4

w
0.1
-.8
0.9
1.7
-1.8

4
5
6
7
8
9

Miscellaneous assets
Inv. in bank subsidiaries
Inv. in nonbank subs.
Other

22.2
16.2
5.6
0.5

20.0
15.5
4.1
0.4

29.8
18.9
9.5
1.4

29.1
15.6
13.6
-.1

31.5
16.7
8.4
6.3

29.9
19.8
8.3
1.3

18.2
21.3
-2.5
-.7

20.9
8.6
10.1
2.2

-2.2
5.4
-20.8
13.2

3.2
19.4
-14.6
-1.6

35.0
27.8
2.5
4.8

45.4
31.6
13.3
0.5

10
11
12
13

14.3

14.3

23.3

24.2

24.5

25.9

9.6

14.1

-15.5

-8.6

31.8

30.1

14

-.4

-.9

0.2

3 Net acq. of financial assets
4
5
6
7
8
9

5.8
0.3

14 Net increase in liabilities

15

Fed. funds 8 sec. RPs, net

16
17
18
19
20
21

Net interbank claims
To domestic banks
To foreign banks
Credit market instruments
Corporate bonds
Commercial paper

-3.7
-1.5
-2.2
7.1
5.7
1.4

22
23
24

Miscellaneous liabilities
Equity, etc.
Other

25 Discrepancy

-

-

0.4 15

-

-

-

-

-

*

-10.2
-7.1
-3.1
13.3
9.9
3.5

1.9
2.5
-.6
16.1
9.9
6.1

1.5
2.0
-.5
16.6
14.4
2.2

0.6
-.7
1.3
10.7
13.9
-3.3

5.2
1.8
3.5
14.3
12.8
1.5

-3.6
-5.4
1.7
5.2
5.4
-.2

3.0
1.2
1.8
6.2
1.9
4.4

11.4
11.0
0.4
-27.7
-9.0
-18.7

-5.3
0.8
-6.1
-2.5
3.3
-5.8

3.5
-2.5
6.0
2.3
6.1
-3.9

1.2
4.7
-3.5
8.8
3.6
5.2

10.9
9.3
1.5

11.2
10.1
1.1

5.3
6.1
-.7

6.1
5.7
0.3

13.3
-2.0
15.3

6.4
5.2
1.2

8.1
7.3
0.8

4.9
0.6
4.3

1.2
-1.5
2.7

0.1
5.2
-5.1

25.8
22.1
3.7

19.7 22
22.0 23
-2.3 24

-.2

-.2

-.1

-.1

-.1

-.1

X

X

X

0.1

X

X

16
17
18
19
20
21

25

F.115 Banks in U.S.-Affiliated Areas

1 Gross saving
2 Fixed nonres. investment

0.1
0.1

0.1
0.1

0.1
8.1

0.1
0.2

0.1
0.2

0.1
0.1

0.1
0.2

0.1
0.2

0.1
0.2

0.1
0.2

0.1
0.2

0.2
0.2

1
2

3 Net acq. of financial assets
4
Checkable dep.and currency

-.3
0.5

3.5
0.2

-.8
0.5

2.3
0.4

-1.2
-.1

-1.3
-.8

1.6
-.6

2.1
-.4

4.5
-.1

-3.2
-.8

2.6
-.5

1.7
-.3

3
4

2.4
0.1
0.1
-.2
-.2
X
2.7

1.6
0.2
0.2
-.1
X
-.3
1.8

1.5
X
0.1
0.1
X
1.3

2.7
0.1
0.1
0.4
0. 1
0.1
2.1

0.9
0.5
0.5
0.1
0.1
0.1
0.2

0.1
X
*
X
0.1
0.1
-.1

0.8
0.6
0.2
0.4
0.1
-.9
0.2
0.4
0.4

1.6
0.7
0.4
0.4
X
X
0.2
0.5
0.1

4.5
0.4
0.3
0.1
X
X
0.2
0.7
3.3

-1.9
0.4
0.3
0.1
-.1
0.1
X
0.7
-3.0

3.7
2.6
1.5
1.1
«
0.2
1.0
-.2
0.2

2.4
1.7
1 .5
0.2
-.2
0.2
1.2
0.1
-.5

5
6
7
8
9
10
11
12
13

5
6
7
8
9
10
11
12
13

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate bonds
Home mortgages
Commercial mortgages
Bank loans n.e.c.

14

Miscellaneous assets

-3.2

1.7

-2.8

-.8

-2.1

-.6

1.4

0.9

0.1

-.5

-.7

-.4 14

15 Net incr. in liabilities
16
Checkable deposits
Small time and savings dep.
17
18
Large time deposits
19
Miscellaneous liabilities

-.3
0.1
0.1
0.1
-.5

3.4
-.9
0.9
0.9
2.5

-.9
-.5
*
X
- .4

2.3
0.3
0.3
0.3
1.3

-1.3
0.4
0.5
0.5
-2.7

-1.3
*
-.1
-.1
-1.1

1.5
0.3
0.3
0.3
0.7

2.0
0.5
0.5
0.5
0.5

4.4
-.7
2.1
2.1
1.0

-3.1
-.2
-1 . 0
-1 . 0
-.9

2.6
0.6
0.4
0.4
1.2

1.8
0.3
-.2
-.2
2.0

20 Discrepancy

-.1

-.1

-.1

-.2

-.2

-.1

-.2

-.2

BILLIONS OF DOLLARS




x

x

x

15
16
17
18
19

0.1 20

DECEMBER 7, 1994
Commercial Bankins Subsectors, Continued

Commercial Banking Subsectors, Continued
F.114-F.115 Commercial Banking Subsectors, Continued

26
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1991
IV

1992

1
1

II

I

IV

III

1
1

1993
II

I

III

IV

1
1

I

1994
II

III

20.9 Gross saving
0.3 Fixed nonres.

F.114 Bank Holding Companies

1
2

7.8
0.1

7.9
0.1

8.1
0.1

8.4
0.1

11.7
0.1

11.9
0.2

13.1
0.2

16.4
0.2

20.6
0.2

18.7
0.3

20.5
0.3

3

7.4

21.7

46.1

62.7

32.1

35.3

61.8

25.5

58.9

19.0

6.6

4
5
6
7
8
9

1.1
0.6
-2.0
2.6
0.1
0.4

6.7
9.1
11.6
-2.5
-1.5
-.9

-1.9
-.9
-.2
-.7
0.6
-1.6

17.4
9.4
6.5
2.9
2.1
5.9

0.2
2.1
2.6
-.5

7.9
2.4
1.5
0.9
3.4
2.1

1.2
-.7
-1.1
0.4
3.8
-1.9

-4.8
1.3
-1.1
2.4
-.1
-6.0

3.1
3.1
2.0
1.0
0.7
-.8

0.2
-2.5
-4.0
1.5
0.7
1.9

-2.4
-2.7
-3.3
0.6
0.3

-2.0

-4.5
-2.7
-2.6
-.1
-.3
-1.6

10
11
12
13

6.4
26.6
-22.5
2.3

14.9
-16.9
-17.5
49.3

47.9
51.2
10.2
-13.4

45.3
33.0
14.6
-2.2

31.9
43.8
2.7
■14.6

39.9
33.0
-19.8
26.7

53.9
30.6
36.3
-13.1

24.3
32.9
-7.4
-1.2

63.7
30.1
44.0
-10.4

16.0
16.5
-8.8
8.3

6.3
9.7
-24.5
21.1

46.9
15.4
7.5
24.0

14

-.2

13.9

38.2

54.6

20.6

23.6

48.9

9.3

38.5

0.5

-13.8

23.8 Net increase in liabilities

15

1.7

2.9

-3.4

0.9

0.4

1.8

0,1

1.9

-2.1

1.8

-1.6

0.2

16
17
Id
19
20
21

-16.2
-1.6
-14.6
7.0
8.7
-1.7

-24.0
-6.6
-17.5
10.9
12.0
-1.1

17.5
0.3
17.2
-9.2
-3.1
-6.1

9.1
0.1
9.0
6.6
8.2
-1.6

11.6
-3.7
15.3
0.8
7.4
-6.6

-21.5
1.9
-23.3
21.1
12.0
9.1

22.6
4.7
18.0
1.3
-2.0
3.4

-8.3
-.1
-8.2
0.5
3.2
-2.7

11.9
12.4
-.5
12.2
1.2
11.0

-1.7
0.9
-2.6
3.5
-.9
4.4

-13.4
5.3
-18.7
8.2
1.4
6.8

22
23
24

7.3
7.2
0.1

24.2
21.3
2.9

33.3
30.4
2.9

37.9
21.9
16.0

7.8
14.6
-6.8

22.2
25.9
-3.3

24.9
22.0
2.9

15.2
11.6
3.6

16.4
28.5
-12.1

-3.0
-9.8
6.8

-7.0
-2.7
-4.3

25

0.1

X

-.1

-.1

-.1 Discrepancy

X

X

0.1

x

X

X

X

X

investment

44.5 Net acq. of financial assets

X

1
2

3

Credit market instruments
U.S. government securities
Treasury
Agency
Corporate bonds
Bank loans n.e.c.

4
5
6
7
8
9

Miscellaneous assets
Inv. in bank subsidiaries
Inv. in nonbank subs.
Other

10
11
12
13
14

Fed. funds & sec. RPs, net

15

11.7
-1.1
12.8
11.7
0.6
11.1

Net interbank claims
To domestic banks
To foreign banks
Credit market instruments
Corporate bonds
Commercial paper

16
17
18
19
20
21

0.2
-21.9
22.1

Miscellaneous liabilities
Equity, etc.
Other

22
23
24
25

F.115 Banks in U.S. -Affiliated Areas
1
2

0.1
0.2

0.1
0.2

0.1
0.2

0.2
0.2

0.1
0.2

0.2
0.2

0.2
0.2

0.2
0.2

0.2
0.2

0.2
0.2

0.2
0.2

0.2 Gross saving
0.3 Fixed nonres.

3
4

-2.4
-.6

2.5
-.3

2.8
-.4

2.7
-.5

2.4
-.7

2.0
-.5

1.5
-.6

1.5
-.3

1.8
0.3

2.2
0.8

2.4
1.3

2.8 Net acq. of financial assets
Checkable dep.and currency
1.9

5
6
7
8
9
10
11
12
13

-1.5
1.1
0.7
0.4
-.1
-.7
0.1
0.4
-2.2

2.9
2.0
1. 1
0.9

4.1
3.0
1.7
1.3

3.6
2.4
1.6
0.9
-.1
0.3
1.0
X
X

3.0
2.1
1.6
0.5
-.2
0.4
1.4
-.2
-.3

2.4
2.0
1.8
0.2
-.4
0.1
1.4

-.7

2.2
1.6
1.6
0.1
-.3
0.2
1.2
0.1
-.7

2.1
1.1
1.0
0.2
-.1
0.3
0.6
0.4
-.3

2.1
0.5
0.3
0.2
0.2
0.6
0.1
0.7

0.2

4.3
2.9
1.6
1.3
0.5
1.1
-.4
0.3

X

1.9
0.1
-.1
0.2
0.3
0.7
-.3
1.0
0.3

1.9
-.5
-.8
0.2
0.6
0.9
-.9
1.3
0.6

14

-.4

-.1

-1.1

-1.0

-.5

-.6

-.2

-.4

-.5

-.7

-.9

-1.1

15
16
17
18
19

-2.4
0.1
-.8
-.8
-1.0

2.5
0.4

2.8
0.8
0.7
0.7
0.6

2.5
0.6
0.3
0.3
1.3

2.1
0.4
-.1

1.7

1.7
0.4
-.3
-.3
1.9

1.6
0.3
-.4
-.4
2.0

2.0
0.1
-.2
-.1
2.1

2.3
-.1

2.1

2.8
0.7
0.6
0.6
0.9

2.3

2.5
-.2
0.2
0.2
2.4

20

-.1

X

X

X

X

0.1

0.1

0.1

0.1

X

x

X

0.1
0.6
x

X

BILLIONS OF DOLLARS




X

0.1
1.2
-.4
0.2

x•

X

X
X

investment

3
4

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate bonds
Home mortgages
Commercial mortgages
Bank loans n.e.c.

5
6
7
8
9
10
11
12
13

Miscellaneous assets

14

2.8 Net incr. in liabilities
-.4
Checkable deposits
0.4
Small time and savings dep.
0.4
Large time deposits
2.5
Miscellaneous liabilities
-

1
2

Discrepancy

15
16
17
18
19

20

DECEMBER 7, 1994
Nonbank Finance Summary

Nonbank Finance Summary

F.116-F.117 Private Nonbank Financial Institutions

27
ANNUAL FLOWS

ANNUAL FLOWS
1932

1933

1984

1985

1986

1987

1983

1989

1990

1991

1992

1993

F.116 Private Nonbank F inancial Institutions (1)

1 Gross saving
2 Fixed nonres. Investment
3 Multifamily resid. invest.
4 Net acq. of financial assets
Checkable dep.and currency
5
Time and savings deposits
6
Money market fund shares
7
Fed. funds and security RPs
8
9
Foreign deposits

10
11

Mutual fund shares
Corporate equities

12
13
14
15
16
17
IS
19
20

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Consumer credit
Other loans

21
22
23
24

Reserves at Federal Reserve
Security credit
Trade credit
Miscellaneous assets

25 Net Increase in liabilities
26
Thrift deposits
_
Money market fund shares
27
Security RPs
28
Insurance & pension reserves
29
Mutual fund shares
30
Corporate equity issues
31

-6.0
8.9
*

-2.5
11.9
*

-6.4
17.4
0.1

-9.6
18.6
0.1

-15.9
22.2
0.2

-13.2
23.8
0.2

1.6
23.1
0.1

-3.0
26.1
0.1

10.1
26.1
0.2

6.1
24.4
0.2

-8.5
28.6
0.4

0.2
32.1
0.6

1
2
3

341.3
5.1
27.4
0.6
10.5
4.9

378.2
-.2
1.6
-1.4
9.3
-1.8

530.9
1.6
3.9
6.0
18.0
-.7

665.1
9.4
25.8
9.5
8.5
-2.2

842.9
10.0
31.8
9.0
4.0
3.1

562.7
-2.1
22.0
1.1
5.5
-.6

475.0
3.7
25.0
9.3
8.3
8.1

646.2
2.8
43.1
12.8
20.1
-3.3

356.8
14.8
-33.7
31,5
6.8
0.7

629.7
-5.4
65.7
27.3
-2.8
-5.4

563.1
3.6
-.8
30.0
4.3
-1.2

908.6
13.4
-.2
28.6
-8.3
-10.4

4
5
6
7
8
9

4.9
28.1

1.2
44.3

4.2
-2.3

9.5
41.7

37.1
20.1

16.0
30.4

-5.2
-7.3

3.0
2.2

29.2
-5.5

31.8
85.1

61.1
45.8

205.8
142.1
74.5
67.6
18.6
36.4
-9.3
9.3
8.7

260.1
100.7
33.0
67.7
14.7
31.7
68.6
21.6
22.9

449.8
139.8
85.7
54.1
17.7
73.0
101.3
33.5
84.6

449.3
143.1
78.5
64.5
50.5
98.8
89.3
40.7
27.0

635.9
258.4
117.7
140.7
82.6
127.2
73.0
28.2
66.4

426.7
145.9
28.3
117.6
21.6
102.9
90.0
9.4
57.0

417.0
23.9
-27.1
51.0
26.2
157.2
122.4
10.1
77.3

453.8
136.9
122.7
14.2
30.3
120.1
53.8
20.0
92.8

255.6
132.8
64.7
68.1
46,1
66.7
-55,5
10.8
54.7

348.8
210.0
169.3
40.7
45.1
126.4
-18.8
3.7
-17.5

326.2
123.2
77.9
45,3
71.6
148.6
-32.9
10.1
5.6

497.7
164.0
49.1
114.9
90.8
193.3
-.2
17.9
31.9

12
13
14
15
16
17
18
19
20

0.3
2.8
2.1
49.4

1.0
8.4
2.7
53.2

0.9
-2.3
3.6
48.3

1.7
18.9
3.1
90.0

1.7
6.7
5.8
77.5

-.7
-16.3
5.4
75.3

0.4
1.7
8.5
5.5

-.8
-1.0
4.0
109.4

-l.l
-3.7
3.2
59.1

-.5
16.3
4.0
54.8

0.1
-1.3
2.5
93.3

0.4
22.7
3.0
113.2

21
22
23
24

346.7
62.3
32.7
22.8
166.1
9.4
3.7

379.0
132.5
-40.4
-2.9
161.9
29.3
2.2

537.1
133.1
54.2
34.0
144.3
27.3
4.4

678.8
80.0
10.2
-4.8
263.4
88.7
14.4

853.6
74.8
48.3
28.9
285.5
160.9
16.6

560.4
64.6
24.0
-21.6
208.2
70.2
18.9

466.3
67.8
21.9
2.9
137.6
6.1
23.3

654.5
-13.8
90.1
39.9
328.8
37.2
7.5

368.6
-106.6
70.3
1.5
168.8
65.3
7.9

641.8
-92.3
41.2
2.8
360.4
151.5
14.1

606.9
-63.2
3.9
17.2
249.9
211.9
22.1

914.9
-54.8
15.8
24. 0
312.8
316.3
36.3

25
26
27
28
29
30
31

122.7 10
125.9 11

32
33
34
35
36
37

Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open market paper
Fed. Home Loan Bank loans

9.3
8.5
0.1
2.5
-2.6
0.8

15.8
7.7
*
2.5
12.6
-7.0

58.8
22.9
0.4
5.7
14.2
15.7

90.8
37.6
0.1
-.2
39.1
14.2

141.9
76.1
0.3
12.3
33.3
19.8

101.4
65.1
0.3
-3.3
19.9
24.4

127.6
47.1
0.3
2.7
57.8
19.7

70.9
36.8
0.3
13.5
31.2
-11.0

63.9
51.1
0.6
4.7
32.6
-25.1

21.0
63.4
0.5
8.8
-11.9
-39.7

70.2
64.0
0.6
2.2
7.0
-3.5

110.6
111.1
3.6
-14.0
-3.7
13.6

32
33
34
35
36
37

38
39
40
41
42
43

Security credit
Trade debt
Taxes payable
Proprietor net investment
Inv. in bank pers. trusts
Miscellaneous liabilities

3.1
0.5
0.3
2.4
-1.9
35.9

5.2
2.5
-.2
2.1
3.2
67.8

6.8
0.4
-.2
1.8
15.1
57.2

24.5
2.5
0.4
3.3
10.2
95.3

3.2
-.4
0.2
5.1
18.1
70.5

-11.1
-.8
-.3
-6.4
13.2
100.2

1.3
1.7
0.5
6.8
2.2
66.9

16.6
-.5
0.7
4.6
19.6
5’3.0

7.2
-1.9
-.2
-6.3
29.7
69.0

35.2
0.7
1.5
10.1
16.1
79.4

6.0
0.6
0.4
6.5
-7.1
88.5

39.3
2.7
1.4
7.3
1.6
101.0

38
39
40
41
42
43

-10.1

-13.6

-17.8

-14.7

-27.6

-39.6

-30.3

-20.9

-4.5

-6.5

6.3

44 Discrepancy

-26.3 44

(1) Thrift Institutions, insurance companies and pension funds, and other
finaneial institutions.

F.117 Fundings Corporations (2)

1 Net acq. of financial assets
Money market fund shares
2
Open market paper
3
4
Miscellaneous assets (3)
Invest, in fgn. bkg. off.
5
6
Invest, in brokersSdealers
7 Net increase in liabilities
8
Credit market instruments
9
Corporate bonds
10
Open market paper
11
Miscellaneous liabilities
Fgn. direct invest, in US
12
13
Securities loaned (net)

3.6
0.1
0.1
3.4
1.9
1.5

6.1
1.5
1.5
3.2
2.2
1.0

1.3
0,1
0.1
1.2
0.3
0.8

12.2
0.7
0.7
10.7
2.2
8.5

12.7
2.6
2.6
7.5
4.2
3.4

14.0
2.2
2.2
9.6
7.2
2.4

27.6
4.0
4.0
19.6
12.8
6.8

18.5
8. 0
8.0
2.5
2.6
-.2

35.7
16.1
16.1
3.6
-1.8
5.4

24.9
15.8
15.8
-6.6
-17.3
10.7

57.4
23.5
23.5
10.4
-8.8
19.2

55.7
18.1
18.1
19.5
2.3
17.2

1
2
3
4
5
6

3.6
3.4
3.4
0.2
0.2

6.1
3.2
0.3
2.9
2.9
2.9

1.3
1.2
0.7
0.4
0.2
0.2

12.2
10.7
2.1
8.6
1.5
1.5

12.7
12.0
1.4
10.6
0.7
-4.4
5.1

14.0
9.7
2.7
7.0
4.3
-.1
4.4

27.6
38.0
-1.1
39.1
-10.4
-18.5
8.0

18.5
12.5
-1.3
13.8
6.1
-10.0
16.1

35.7
15.4
2.9
12.5
20.4
-11.8
32.1

24.9
-6.5
6.9
-13.5
31.4
-.1
31.5

57.4
13.2
11.7
1.5
44.2
-2.8
47.1

55.7
2.9
13.6
-10.7
52.7
16.6
36.1

7
8
9
10
11
12
13

(2) Funding subsidiaries, nonbank financial holding companies, and
custodial accounts for reinvested collateral of securities
lending operations.
(3) Due from affiliated companies.
BILLIONS OF DOLLARS.




DECEMBER 1, 1994
Monbank Finance Summary

Monbank Finance Summary
F.116-F.117 Private Nonbank Financial Institutions

SEASONALLY ADJUSTED ANNUAL RATES
1991 I
IV
I

1992

I

II

28
SEASONALLY ADJUSTED ANNUAL RATES

IV

III

I
1

1993

I

II

III

IV

I
I

I

1994
II

III

-.3 Gross saving
35.9 Fixed nonres. investment
0.6 Multifamily resid. invest.

F.116 Private Nonbank Financial Institutions (1)
1
2
3

1
2
3

4.4
23.4
0.2

7.0
25.8
0.2

-1.1
25.5
0.1

-30.3
27.0
0.2

-9.6
36.0
1.2

0.7
28.1
0.3

0.9
28.4
0.2

-2.5
35.5
1.0

1.6
36.4
1.0

-5.7
34.0
0.6

1.6
37.4
0.9

4
5
6
7
8
9

851.4
7.4
58.6
37.0
-20.3
-9.6

475.0
0.4
-8.5
48.1
29.5
-5.2

415.7
-.5
-13.7
-15.9
15.2
-14.5

926.2
-10.0
7.2
71.2
-39.5
18.9

435.4
24.5
11.9
16.5
11.8
-3.8

692.3
8.1
55.9
4.5
-14.9
-6.9

1005.1
1.7
-40.8
12.4
-16.1
1.5

1055.0
5.5
-10.0
44.4
19.8
-25.1

882.1
38.2
-6.0
53.1
-22.1
-10.9

360.2
30.6
-96.0
27.3
-1.6
5.6

341.1
-36.2
-52.2
48.4
5.3
-10.0

10
11

47.1
125.7

51.4
116.4

71.9
11.2

55.1
-1.4

66.2
57.0

103.0
52.2

147.2
131.5

126.3
126.8

114.3
193.2

27.5
174.8

54.9
91.8

44.6
131.6

Mutual fund shares
Corporate equities

10
11

12
13
14
15
16
17
18
19
20

432.0
225.5
218.7
6.8
55.5
144.1
33.4
15.4
-41.9

191.2
-27.1
-71.0
43.8
54.6
122.8
-24.7
3.8
61.9

346.2
208.2
124.5
83.7
79.0
185.6
-81.7
-11.0
-33.9

587.3
236.7
177.5
59.2
68.3
158.4
38.5
12.5
72.9

180.0
75.1
80.4
-5.3
84.5
127.6
-63.6
35.0
-78.6

384.2
166.4
79.9
86.6
74.7
215.7
-60.3
-10.2
-2.1

611.4
235.5
98.7
136.9
109.3
172.4
67.8
-3.0
29.3

627.4
223.8
-39.4
263.2
95.1
273.2
35.2
22.6
-22.4

367.6
30.3
57.1
-26.8
84.2
111.9
-43.6
62.1
122.8

10.6
-179.1
-219.4
40.3
53.5
106.4
-63.0
19.9
73.0

116.5
-48.1
-36.8
-11.3
16.6
-11.3
-29.8
44.4
144.7

223.3
3.2
-58.9
62.1
17.2
38.6
22.3
47.6
94.5

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Consumer credit
Other loans

12
13
14
15
16
17
18
19
20

21
22
23
24

1.3
40.0
3.6
128.7

0.7
-15.4
2.7
63.6

-1.9
20.4
-.7
-2.2

0.5
-2.0
1.9
237.0

1.3
-10.3
6.0
74.6

-.9
23.4
1.6
81.9

1.4
-1 .5
3.0
153.4

31.5
-.8
109.2

0.9
37.2
8. 1
108.3

-.8
2.2
2.1
178.0

-.2
-3.0
-1.1
126.9

-1.0
-14.0
5.9
104.0

Reserves at Federal Reserve
Security credit
Trade credit
Miscellaneous assets

21
22
23
24

25
26
27
28
29
30
31

862.6
-26.1
32.1
-2.5
408.2
192.7
15.2

493.7
-69.0
34.0
-27.2
185.6
198.3
26.0

446.0
-91.4
25.2
80.6
222.0
200.4
22.3

997.6
-66.8
-10.0
114.6
325.9
243.4
20.0

490.4
-25.4
-33.4
-99.1
266.1
205.4
20.0

686.1
-125.2
-46.8
103.4
347.6
268.9
32.7

1015.7
-45.7
61.8
7.6
340.6
358.0
37.1

1083.8
-27.0
0.6
8.6
377.2
348.9
38.1

873.8
-21.2
47.7
-23.6
185.9
291.5
37.5

373.2
-15.7
-10.9
-65.7
-22.3
114.0
38.3

370.5
-60.1
67.8
54.5
44.3
152.7
24.4

565.1 Net increase in liabilities
Thrift deposits
-49.2
Money market fund shares
50.3
74.8
Security RPs
193.1
Insurance 8 pension reserves
Mutual fund shares
131.2
Corporate equity issues
16.8

32
33
34
35
36
37

87.5
79.6
0.9
23.4
5.0
-21.3

48.9
39.7
0.9
20.4
2.8
-14.3

66.2
73.6
0.1
-5.7
1.9
-3.8

114.9
65.5
0.4
18.0
22.4
8.6

50.8
77.0
0.9
-24.1
1.1
-4.1

-13.6
84.1
1.4
-34.6
-77.4
13.0

106.2
84.6
1.4
12.8
-9.9
17.4

144.6
140.1
6.2
-16.1
-.9
15.3

205.0
135.5
5.5
-18.0
73.4
8.7

150.8
149.9
0.2
-18.3
31.0
-12.0

29.1
57.7
0.6
-45.1
-.6
16.6

86.2
59.9
0.1
-17.6
26.2
17.5

Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open market paper
Fed. Home Loan Bank loans

32
33
34
35
36
37

38
39
40
41
42
43

73.6
2.3
1.9
9.5
7.9
60.5

-46.3
-3.1
1.2
-.3
-.3
145.8

-24.1
1.7
-.3
7.4
-10.2
-53.7

84.4
0.5
0.2
6.4
-12.0
175.9

9.9
3.3
0.2
12.4
-6.0
86.2

21.4
2.8
2.0
13.9
-4.2
83.1

41.4
7.3
0.6
3.0
-7.2
104.8

45.1
2.0
2.7
15.1
0.1
127.9

49.3
-1.5
0.4
-2.8
17.6
88.1

27.5
8.7
0.9
-2.6
15.4
134.8

-14.3
-9.1
-2.8
-6.4
-15.5
105.8

-48.4
1.1
-.5
-2.1
6.7
105.2

Security credit
Trade debt
Taxes payable
Proprietor net investment
Inv. in bank pers. trusts
Miscellaneous liabilities

38
39
40
41
42
43

44

-8.0

-.3

3.6

13.9

8.1

-33.8

-17.1

-10.2

-44.0

-27.3

-7.3

M

534.3 Net acq. of financial assets
Checkable dep.and currency
0.4
Time and savings deposits
29.3
25.7
Money market fund shares •
Fed. funds and security RPs
-12.5
-3.0
Foreign deposits

-6.0 Discrepancy

4
5
6
7
8
9

25
26
27
28
29
30
31

44

(1) Thrift institutions, insurance companies and pension funds, and other
financial institutions.

F.117 Funding Corporations (2)

1
2
3
4
5
6

48.2
25.8
25.8
-3.4
-22.5
19.1

91.5
30.1
30.1
31.3
12.5
18.7

-25.9
-17.3
-17.3
8.7
-1.1
9.9

145.1
69.9
69.9
5.4
-20.4
25.7

18.9
11.4
11.4
-4.0
-26.3
22.4

33.7
-3.8
-3.8
41.4
18.6
22.8

23.4
1.1
1.1
21.2
-.5
21.7

72.5
32.4
32.4
7.7
-6.0
13.7

93.0
42.6
42.6
7.8
-2.8
10.6

92.4
17.8
17.8
56.9
56.9

68.2
35.3
35.3
-2.3
X
-2.3

82.8 Net acq. of financial assets
13.7
Money market fund shares
Open market paper
18.7
Miscellaneous assets (3)
45.3
Invest, in fgn. bkg. off.
24.8
Invest, in brokers8deal9rs
20.5

1
2
3
4
5
6

7
8
9
10
11
12
13

48.2
13.9
9.7
4.2
34.3
-17.3
51.7

91.5
18.8
12.7
6.1
72.7
12.4
60.2

-25.9
16.3
2.2
14.1
-42.2
-7.6
-34.6

145.1
14.0
15.1
-1.2
131.2
-8.6
139.7

18.9
3.6
16.6
-13.1
15.3
-7.6
22.9

33.7
-31.4
30.7
-62.2
65.2
72.8
-7.7

23.4
-1.6
6.1
-7.6
25.0
22.7
2.2

72.5
7.9
13.3
-5.4
64.7
-.2
64.9

93.0
36.7
4.4
32.4
56.2
-29.0
35.2

92.4
47.4
47.7
-.3
45.0
9.4
35.5

68.2

-17.1
14.5
-31.6
35.3
14.8
70.5

82.8 Net increase in liabilities
47.0
Credit market instruments
26.7
Corporate bonds
Open market paper
20.3
35.7
Miscellaneous liabilities
-1.7
Fgn. direct invest, in US
37.4
Securities loaned (net)

7
8
9
10
11
12
13

(2) Funding subsidiaries, nonbank financial holding companies, and
custodial accounts for reinvested collateral of securities
lending operations.
(3) Due from affiliated companies.
BILLIONS OF DOLLARS.




DECEMBER 7, 1994
Thrift Institutions

Thrift Institutions

F.118-F.120 Thrift Institutions

29

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.118 Thrift Institutions (1)

-9.7
1.6

-2.2
1.5

-1.6
1.5

3.5
1.7

4.2
1.8

3.3
1.7

3.3
1.7

-.7
1.7

15.5
1.6

15.6
1.4

20.2
1.5

14.0
1.5

1
2

72.1
3.0
14.6
4.8
-.5
24.1
36.1
-.3
5.3
-24.5
3.9
1.8
1.8
0.3
25.8

156.5
1.2
2.8
2.8
0.3
135.3
54.6
-.2
11.7
53.7
11.2
6.0
-1.7
1.0
13.2

184.1
-.8
-6.7
4.1
-.2
155.9
24.9
-.3
11.4
86.9
25.4
9.0
-1.4
0.9
30.9

118.9
1.5
7.2
-.5
-.1
89.8
-1.1
0.6
3.1
58.7
19.9
8.7
-.1
1.7
19.1

133.6
1.2
11.0
-2.2
2.1
109.8
53.4
-.3
8.2
26.1
9.7
10.5
2.3
1.7
10.0

137.0
-2.3
-8.1
-2.5

8.5
65.6
6.4
1.1
-1.3
-.7
12.6

123.7
1.0
-3.4
2.6
-.4
2.0
114.8
11.3
0.2
13.0
77.0
8.7
3.4
1.3
0.4
6.8

-82.1
-.2
-4.8
7.0
-.1
0.4
-90.0
-59.6
-.2
-13.0
-14.0
- .9
-1.8
-.5
-.8
6.4

-147.4
-.3
0.4
-.4
0.2
-2.5
-154.0
-19.5
0.4
-19.3
-91.1
-12.9
-12.7
1.2
-l.l
10.5

-165.1
2.6
4.7
-8.0
1.2
-1.1
-123.5
-30.8
-.6
-2.9
-70.6
-8.8
-10.6
0.8
-.5
-40.4

-67.1
0.6
-1.0
-.3
1.5
0.3
-61.3
21.9
-.4
7.3
-76.4
-3.4
-10.1
-.3
0.1
-7.2

-29.2
3.0
-2.0
-7.9
0.1
1.7
-2.0
8.6
0.1
9.1
-27.5
10.4
-1.6
-1.0
0.4
-22.6

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

19 Net increase in liabilities
20
Deposits
Security RPs
21
Credit mkt. instruments
22
Taxes payable
23
24
Miscellaneous liabilities

77.8
62.3
-1.8
1.1

158.3
132.5
13.1
-6.6

135.5
133.1
16.9
20.1

X

X

X

16.2

19.3

15.5

116.4
80.0
-3.0
20.7
0.1
18.6

126.9
74.8
17.1
24.1
0.1
10.8

130.4
64.6
28.1
28.3
0.1
9.3

118.4
67.8
15.9
21.7
0.1
12.9

-72.8
-13.8
-46.2
-15.1
-.1
2.4

-136.9
-106.6
-15.3
-30.2
-.2
15.4

-160.4
-92.3
-22.9
-44.5
0.2
-.9

-70.4
-63.2
-1.0
-6.7
0.2
0.3

-38.5
-54.8
7.5
11.3
0.6
-3.1

19
20
21
22
23
24

25 Discrepancy

-5.6

-2.0

-1.7

-.7

-4.2

-5.0

-3.7

6.9

24.4

18.9

15.5

1 Gross saving
2 Fixed nonres. investment

3 Net acq. of financial assets
Checkable dep.and currency
4
Time deposits
5
Fed. funds and security RPs
6
Mutual fund shares
7
Corporate equities
8
Credit market instruments
9
U.S. government securities
10
Tax-exempt securities
11
Corporate and fgn. bonds
12
Mortgages
13
14
Consumer credit
Other loans (to business)
15
16
Open market paper
Reserves
at Federal Reserve
17
18
Miscellaneous assets

X

1.4
136.6
56.4

X

3.1 25

(I) Savings and loan associations, mutual savings banks, federal savings
banks, and credit unions.
F.119 Savings Institutions (2)

1 Gross saving
2 Fixed nonres. investment
3 Net acq. of financial assets
Checkable dep. and curr.
4
Time deposits
5
Fed. funds 8 security RPs
6
Corporate equities
7
8
9
10
11
12
13
14
15
16
17
18
19

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Consumer credit
Other loans (to business)
Open market paper
Reserves at Federal Reserve
Miscellaneous assets

20 Net increase in liabilities
Deposits
21
22
Checkable
Small time and savings
23
24
Large time
25
Security RPs
26
27
28
29
30
31
32
33

Credit market instruments
Corporate bonds
Bank loans n.e.c.
Fed. Home Loan Bank loans
Taxes payable
Miscellaneous liabilities
Investment by parent
Other

34 Discrepancy

-10.4
1.4

-2.9
1.2

-3.0
1.2

2.1
1.3

3.8
1.3

2.6
1.2

2.5
1.0

-1.6
0.9

14.6
0.9

14.5
0.8

17.5
0.8

10.6
0.3

1
2

61.3
2.8
7.2
4.0
-.5

140.7
0.8
1.2
1.7
0.3

168.5
-1.2
-5.5
3.8
-.2

94.0
0.8
2.3
-4.2
-.1

105.1
0.5
4.0
-4.8
2.1

121.1
-2.3
-8.5
-.9
1.4

109.1
0.8

2.5
2.0

-92.0
-.8
-2.1
3.9
0.4

-163.1
-.3
-.1
-2.5
-2.5

-188.3
2.0
-.3
-6.6
-1.1

-93.8
-.6
-1.3
-.6
0.3

-49.0
3.1
-.7
-3.9
1.7

3
4
5
6
7

21.8
34.9
3.4
31.6
-.3
5.3
-24.3
2.6
1.8
1.8
0.3
25.8

123.1
51.5
15.3
36.2
-.2
11.7
50.9
4.9
6.0
-1.7
1.0
12.5

140.6
24.6
7.8
16.8
-.3
11.4
84.7
12.7
9.0
-1.4
0.9
30.2

76.4
-4.7
-5.2
0.5
0.6
3.1
55.5
13.4
8.7
-.2
1.7
17.0

94.3
49.8
3.5
46.3
-.3
8.2
19.2
5.3
10.5
1.8
1.7
7.2

119.1
53.2
9.6
43.6
8.5
55.0
2.4
1.1
-1.0
-.7
12.9

97.3
9.7
-10.2
19.9
0.2
13.0
68.8
1.4
3.4
0.8
0.4
6.2

-97.2
-56.4
-8.1
-48.4
-.2
-13.0
-20.8
-4.2
-1.8
-.7
-.3
4.5

-164.6
-24.1
-.9
-23.2
0.4
-19.3
-96.0
-12.9
-12.7

-1 . 1
8.1

-136.3
-41.5
-.9
-40.6
-.6
-2.9
-73.7
-7.5
-10.6
0.5
-.5
-45.5

-79.0
7.0
9.0
-2.0
-.4
7.3
-77.4
-4.8
-10.1
-.7
0.1
-12.3

-23.4
-1.5
-5.7
4.2
0.1
9.1
-29.6
0.5
-1.6
-.3
0.4
-26.2

8
9
10
11
12
13
14
15
16
17
18
19

68.5
52.1
6.5
34.1
11.4
-1.8

143.4
117.6
9.2
73.1
35.3
13.1

172.0
120.2
6.4
64.9
48.9
16.9

93.6
57.1
9.9
41.4
5.8
-3.0

99.5
47.6
17.1
29.0
1.4
17.1

116.2
51.3
5.3
37.9
8.1
28.1

105.6
55.4
6.8
37.6
ll.O
15.9

-80.3
-22.4
-1.1
-6.2
-15.1
-46.2

-150.9
-120.4
-4.3
-73.7
-41.9
-15.3

-181.5
-112.8
17.3
-94.9
-35.3
-22.9

-92.1
-84.8
-1.4
-75.5
-7.9
-1.0

-51.8
-67.4
4.4
-68.1
-3.6
7.5

20
21
22
23
24
25

1.1
0.4
-.1
0.8

-6.6
0.1
0.3
-7.0

20.1
1.9
2.5
15.7

19.3

28.3
4.4
-.5
24.4
0.1
8.4
-.9
9.3

21.7
1.9
0.1
19.7
0.1
12.5

-15.1
-3.4
-.7
-11.0
-.1
3.0

19.2

14.9
1.2
13.7

24.1
4.9
-.6
19.8
0.1
10.6
0.2
10.5

12.6

3.0

-30.2
-5.6
0.5
-25.1
-.2
15.2
-.4
15.6

-44.5
-4.1
-.7
-39.7
0.2
-1.5
-1.0
-.5

-6.7
-3.2

17.1
-.6
17.8

20.7
4.6
1.9
14.2
0.1
18.7
0.7
18.0

11.1
-1.5
-.5
13.2
0.6
-3.7
0.4
-4.1

26
27
28
29
30
31
32
33

-4.6

-1.5

-.6

0.4

-3.1

-3.5

-2.0

8.7

26.0

20.5

18.4

X

X

X

X

X

X

X

X

X

-3.6
0.2
0.2
-1.0
1.2

7.0 34

(2) Savings and loan associations, mutual savings
banks, and federal savings banks.
F.120 Credit Unions

0.7
0.3

0.7
0.3

1.4
0.3

1.3
0.4

0.4
0.5

0.7
0.6

0.8
0.7

0.9
0.7

0.9
0.7

1.2
0.7

2.8
0.7

3.4
0.7

1
2

3 Net acq. of financial assets
Checkable dep. and currency
4
Time deposits
5
Fed. funds and security RPs
6
Mutual fund shares
7
Credit market instruments
8
9
U.S. government securities
Treasury
10
Agency
11
Home mortgages
12
Consumer credit
13
14
Open market paper
Miscellaneous assets
15

10.7
0.2
7.4
0.3
2.3
1.2
0.3
0.9
-.2
1.3
-

15.9
0.4
1.6
1.1
12.1
3.1
1.4
1.7
2.8
6.2
0.6

15.6
0.4
-1.2
0.3
15.3
0.4
0.8
-.4
2.2
12.7
0.1
0.8

24.9
0.7
5.0
3.7
13.4
3.6
2.4
1.1
3.2
6.6
0.1
2.1

28.5
0.7
7.1
2.5
15.5
3.6
1.8
1.8
6.9
4.4
0.6
2.8

15.8
0.4
-1.6

10.5
4.0
-.3
-.4

14.6
0.2
-3.5
0.1
-.4
17.5
1.6
3.3
-1.7
8.2
7.3
0.4
0.6

9.9
0.6
-2.7
3.1
-.1
7.1
-3.2
-2.3
-.9
6.8
3.3
0.3
1.9

15.7
0.4
2.1
0.2
10.6
4.6
-3.6
8.2
4.9
-.1
1.2
2.4

23.2
0.6
5.0
-1.4
1.2
12.8
10.7
5.5
5.2
3.1
-1.3
0.3
5.1

26.7
1.2
0.3
0.4
1.5
17.7
14.9
5.9
9.1
1.0
1.4
0.4
5.7

19.8
-.1
-1.3
-4.0
0.1
21.4
10.1
2.4
7.7
2.2
9.9
-.7
3.6

3
4
5
6
7
a
9
10
11
12
13
14
15

16 Net increase in liabilities
Shares/deposits
17
Checkable
18
19
Small time and savings
20
Large time
Fed. Home Loan Bank loans
21
22
Miscellaneous liabilities

9.3
10.2
1.8
8.2
0.2
-.9

14.9
14.9
2.3
12.6
-

13.5
12.9
1.5
11.3
0.1
0.6

22.8
22.9
3.1
19.4
0.3
-.1

27.4
27.2
0.4
26.1
0.7
0.2

14.2
13.3
1.7
11.4
0.3
0.9

12.8
12.4
0.8
11.3
0.4
0.4

3.0
8.6
1.3
4.2
3.1
-.6

14.0
13.8
1.5
14.4
-2.1
0.2

21.1
20.5
2.2
17.5
0.8
0.6

21.7
21.6
4.5
15.5
1.6

13.3
12.6
1.7
9.8
1 .1
0.2
0.5

16
17
18
19
20
21
22

23 Discrepancy

-1.0

-.5

-1.1

-1.1

-1.2

-1.5

-1.6

-1.8

-1.6

-1.6

-2.9

1 Gross saving
2 Fixed nonres.

investment


BILLIONS OF DOLLARS.


X

X

X

17.5
3.2
3.2

X

«
0.1

-3.8 23

DECEMBER 7, 1994
Thrift Institutions

Thrift Institutions

F.118-F.120 Thrift Institutions

30

SEASONALLY ADJUSTED ANNUAL RATES
1991 1
IV J

SEASONALLY ADJUSTED ANNUAL RATES

1992

]t

II

III

IV

1
1

1993
I

II

III

!

IV

I

1994
II

III

14.3 Gross saving
1.7 Fixed nonres. Investment

F.118 Thrift Institutions (1)
1
2

1
2

13.9
1.4

20.5
1.4

18.6
1.5

23.3
1.5

18.5
1.5

13.9
1.5

13.9
1.5

14.0
1.5

14.0
1.6

14.1
1.6

14.2
1.7

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

-80.6
5.3
4.1
-22.5
1.3
1.1
-56.7
0.8
-.2
6.9
-56.7
-2.1
-5.1
-.3
1.3
-14.4

-102.7
-1.5
-1.5
4.6
2.3
X
-105.6
10.6
-.6
-3.4
-96.3
-6.5
-7.3
-2.2
0.7
-1.7

-92.6
-1.4
-5.6
-3.5
2.3
1.2
-75.3
31.3
0.1
-7.6
-82.0
-12.2
-6.1
1.3
-1.9
-8.5

-58.1
-5.5
-.8
-5.2
0.7
-.2
-41.6
-2.8
0.1
12.3
-50.5
2.9
-4.1
0.4
0.5
-5.8

-15.0
11.0
4.0
3.0
0.7
0.4
-22.6
48.7
-1.1
28.0
-76.8
2.1
-22.7
-.9
1.3
-12.8

-100.3
-8.6
-6.7
-12.5
1.0
2.0
-30.7
-1.4
0.2
6.7
-37.0
4.6
-4.6
0.3
-.9
-43.9

-12.9
-.6
-4.8
-6.4
1.2
2.5
15.2
16.0
-.2
6.5
-18.9
15.4
-.9
-2.7
1.4
-21.4

7.5
4.6
4.6
-3.8
-.8
4.5
21.0
5.2
-.1
18.9
-10.8
9.6
0.1
-1.9
X
-22.7

-11.1
16.3
-1.0
-8.7
-.8
-2.2
-13.3
14.4
0.3
4.3
-43.3
12.2
-1.0
-.2
0.9
-2.3

X
6.6
-18.2
6.0
-16.4
-1.8
13.5
24.7
X
33,0
-45.5
4.9
-1.8
-1.8
-.8
11.2

-9.1
-17.4
-11.7
-5.6
X
-2.4
42.1
9.6
0.3
-3.2
6.8
27.2
-.4
1.9
-.2
-13.9

2.1 Net acq. of financial assets
-2.5
Checkable dep.and currency
Time deposits
9.3
-3.0
Fed. funds and security RPs
Mutual fund shares
-.7
Corporate equities
44.7
Credit market instruments
24.7
U.S. government securities
X
Tax-exempt securities
-15.6
Corporate and fgn. bonds
Mortgages
13.7
Consumer credit
23.1
Other loans (to business)
-.1
-1.2
Open market paper
-1.0
Reserves at Federal Reserve
-44.5
Miscellaneous assets

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

19
20
21
22
23
24

-77.0
-26.1
-22.7
-24.9
0.4
-3.7

-105.2
-69.0
-15.5
-19.1
0.7
-2.3

-95.8
-91.4
7.9
-8.8
-.5
-2.9

-59.9
-66.8
-3.1
6.4
X
3.6

-20.7
-25.4
6.7
-5.3
0.7
2.6

-111.0
-125.2
10.7
9.7
0.9
-7.1

-21.6
-45.7
5.1
12.9
0.3
5.8

-1.6
-27.0
7.8
13.8
0.8
2.9

-19.8
-21.2
6.6
8.9
0.2
-14.2

-8.0
-15.7
10.0
-5.5
0.6
2.6

-16.7
-60.1
22.6
5.9
-2.8
17.6

-8.3 Net increase in liabilities
-49.2
Deposits
19.7
Security RPs
15.3
Credit mkt. instruments
-1.0
Taxes payable
6.9
Miscellaneous liabilities

19
20
21
22
23
24

25

16.0

16.6

14.0

20.0

11.3

1.8

3.7

3.4

3.6

4.5

4.9

2.1 Discrepancy

25

(1) Savings and Ioan associations, mutual savings banks, federal savings
banks, and credit unions.
F.119 Savings Institutions (2)

1
2

12.6
0.8

18.4
0.8

16.0
0.8

20.3
0.8

15.2
0.8

10.6
0.8

10.6
0.8

10.6
0.8

10.6
0.9

10.6
0.9

10.7
0.9

3
4
5
6
7

-107.4
4.4
-.7
-23.5
1.1

-135.9
-4.0
-4.2
8.7
X

-110.9
-2.1
-1.7
-5.0
1.2

-82.7
-7.4
0.4
-6.2
-.2

-45.6
11.3
0.5
-.1
0.4

-116.5
-7.0
-1.1
-.8
2.0

-31.9
-.9
-2.2
-7.5
2.5

-13.7
5.1
1.6
-2.0
4.5

-33.8
14.9
-.9
-5.2
-2.2

-26.9
6.5
-1.1
-2.2
-1.8

-24.7
-17.6
-3.3
-.9
-2.4

-12.5 Net acq. of financial assets
-.8
Checkable dep. and curr.
-2.4
Time deposits
-4.7
Fed. funds 8 security RPs
-.7
Corporate equities

8
9
10
11
12
13
14
15
16
17
18
19

-77.3
-17.5
3.9
-21.4
-.2
6.9
-57.2
-5.1
-5.1
0.9
1.3
-12.7

-124.0
-7.0
13.1
-20.2
-.6
-3.4
-92.1
-11.3
-7.3
-2.2
0.7
-13.2

-95.9
14.4
6.0
8.4
0.1
-7.6
-90.9
-4.8
-6.1
-1.1
-1.9
-5.4

-57.2
-17.3
0.1
-17.3
0.1
12.3
-45.8
-2.6
-4.1
0.1
0.5
-12.6

-38.8
37.9
16.9
21.0
-1.1
28.0
-80.8
-.5
-22.7
0.3
1.3
-20.2

-59.4
-16.1
-11.1
-5.0
0.2
6.7
-43.2
-2.3
-4.6
0.1
-.9
-49.4

-4.5
7.9
X
7.8
-.2
6.5
-18-9
2.4
-.9
-1.3
1.4
-20.8

6.7
X
-3.8
3.8
-.1
18.9
-11.1
-.7
0.1
-.3
X
-29.8

-36.4
2.2
-8.1
10.2
0.3
4.3
-45.3
2.6
-1.0
0.4
0.9
-4.9

-17.1
9.6
4.4
5.2
X
33.0
-55.2
-2.9
-1.8
0.2
-.8
-10.4

10.7
5.4
0.7
4.7
0.3
-3.2
4.6
4.0
-.4
0.2
-.2
-11.0

25.2
35.7
-5.5
41.2
X
-15.6
6.8
-.8
-.1
-.9
-1.0
-28.0

20
21
22
23
24
25

-101.2
-49.8
65.1
-93.2
-21.8
-22.7

-135.8
-100.7
-1.8
-92.7
-6.1
-15.5

-108.3
-102.4
-25.1
-54.3
-23.0
7.9

-78.5
-86.0
X
-91.6
5.6
-3.1

-45.9
-49.9
21.5
-63.2
-3.2
6.7

-120.2
-133.2
-17.1
-96.5
-19.6
10.7

-34.1
-57.2
16.9
-74.8
0.7
5.1

-16.0
-43.0
7.1
-47.2
-2.9
7.8

-36.9
-36.1
10.7
-54.1
7.4
6.6

-29.6
-36.8
-15.2
-17.8
-3.8
10.0

-26.8
-69.3
-4.8
-59.5
-4.9
22.6

-16.1 Net increase in liabilities
-59.4
Deposits
-3.1
Checkable
-60.9
Small time 3nd savings
4.6
Large time
19.7
Security RPs

26
27
28
29
30
31
32
33

-24.9
-.8
-2.8
-21.3
0.4
-4.2
-1.0
-3.2

-19.1
-5.9
1.7
-14.8
0.7
-1.2
-1.0
-.2

-8.8
-2.3
-2.7
-3.8
-.5
-4.4
-1.0
-3.4

6.3
-2.6
0.6
8.4
X
4.3
-1.0
5.3

-5.4
-1.7
0.4
-4.1
0.7
2.0
-1.0
3.0

9.7
-1.9
-1.2
12.8
0.9
-8.3
-8.3

12.6
-2.6
-1.3
16.5
0.3
5.1
5.1

13.5
-.6
-1.0
15.1
0.8
4.9
0.8
4.2

8.8
-1.0
1.6
8.2
0.2
-16.4
1.0
-17.4

-5.6
-.4
7.0
-12.1
0.6
2.2
1.6
0.7

5.8
-1.3
-9.4
16.4
-2.8
16.9
2.0
14.9

34

18.1

17.7

17.8

23.7

14.2

6.1

7.6

7.6

6.6

7.0

7.6

10.7 Gross saving
0.9 Fixed nonres. investment

14.8
-1.1
-1.1
17.0
-1.0
9.9
2.4
7.5

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Consumer credit
Other loans (to business)
Open market paper
Reserves at Federal Reserve
Miscellaneous assets

Credit market instruments
Corporate bonds
Bank loans n.e.c.
Fed. Home Loan Bank loans
Taxes payable
Miscellaneous liabilities
Investment by parent
Other

6.1 Discrepancy

1
2

3
5
6
7

8
9
10
11
12
13
14
15
16
17
13
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

(2) Savings and loan associations, mutual savings
banks, and federal savings banks.
F.120 Credit Unions

2

1.3
0.6

2.1
0.6

2.6
0.7

3.0
0.7

3.3
0.7

3.3
0.7

3.3
0.7

3.4
0.7

3.4
0.7

3.4
0.7

3.6
0.8

3
4
5
6
7
8
9
10
11
12
13
14
15

26.8
0.9
4.7
1.0
1.3
20.6
18.3
15.8
2.5
0.5
3.0
-1.2
-1.7

33.1
2.4
2.7
-4.1
2.3
18.3
17.6
9.3
8.3
-4.1
4.9
*
11.5

18.3
0.7
-3.8
1.5
2.3
20.7
16.9
8.1
8.8
8.8
-7.4
2.4
-3.1

24.6
1.9
-1.2
0.9
0.7
15.6
14.4
5.7
8.7
-4.7
5.6
0.3
6.8

30.6
-.3
3.5
3.1
0.7
16.1
10.7
0.4
10.4
4.0
2.6
-1.2
7.5

16.2
-1.6
-5.6
-11.7
1.0
28.6
14.7
5.1
9.6
6.3
7.0
0.8
5.5

19.0
0.3
-2.6
1.1
1.2
19.7
8.1
4.4
3.7
X
13.0
-1.4
-.6

21.2
-.5
3.0
-1.8
-.8
14.3
5.3
-2.0
7.3
0.4
10.3
-1.7
7.0

22.7
1.4
X
-3.5
-.8
23.1
12.2
2.1
10.1
2.0
9.5
-.7
2.6

26.8
0.1
-17.2
8.2
-16.4
30.5
15.1
4.3
10.8
9.7
7.7
-2.0
21.6

15.6
0.2
-8.4
-4.7
X
31.4
4.2
1.7
2.5
2.2
23.2
1.7
-2.9

16
17
18
19
20
21
22

24.2
23.7
X
22.8
0.9
0.5

30.6
31.7
4.2
26.0
1.5
-1.1

12.5
11.0
4.2
5.4
1.5
1.5

18.6
19.2
4.6
12.8
1.7
X
-.7

25.2
24.5
5.1
17.8
1.6
0.1
0.5

9.3
8.0
-.5
8.1
0.4
X
1.3

12.5
11.5
-.3
11.3
0.5
0.3
0.7

14.3
16.0
3.7
10.4
1.9
0.3
-2.0

17.1
14.8
3.8
9.3
1.7
0.1
2.1

21.6
21.2
1.2
19.7
0.3
0.1
0.3

10.1
9.2
1.2
7.7
0.3
0.2
0.7

7.8 Net increase in liabilities
10.3
Shares/deposits
0.2
Checkable
10.0
Small time and savings
0.1
Large time
0.5
Fed. Home Loan Bank loans
-3. 0
Miscellaneous liabilities

16
17
18
19
20
21
22

23

-2.0

-1.1

-3.8

-3.7

-2.8

-4.3

-3.8

-4.2

-3.0

-2.5

-2.7

-4.0 Discrepancy

23

BILLIONS OF DOLLARS,




3.6 Gross saving
0.8 Fixed nonres. investment
14.6 Net acq. of financial assets
-1.7
Checkable dep. and currency
11.7
Time deposits
1.6
Fed. funds and security RPs
Mutual fund shares
19.5
Credit market instruments
-11.0
U.S. government securities
-9.8
Treasury
Agency
-1.2
6.9
Home mortgages
23.9
Consumer credit
-.2
Open market paper
-16.5
Miscellaneous assets

1
2
3
4
5
6
7
a

9
10
11
12
13
14
15

DECEMBER 7, 1994
Insurance Companies and Pension Funds

Insurance Companies and Pension Funds
F.121-F.124 Insurance Companies and Pension Funds

31
ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.121 Life Insurance Companies

1 Gross saving
2 Fixed nonres.

investment

3 Net acq. of financial assets
4
Checkable dep. and currency
5
Money market fund shares
6
Mutual fund shares
7
Corporate equities
8
9
10
11
12
13
14
15
16
17

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper
Policy loans
Miscellaneous assets

18 Net increase in liabilities
Life insurance reserves
19
Pension fund reserves
20
Fed. Home Loan Bank loans
21
Taxes payable
22
23
Miscellaneous liabilities

24 Discrepancy

3.8
1.8

3.4
2.7

1.8
4.0

-.1
3.9

-5.7
4.3

-9.2
5.1

-.7
5.2

-2.1
5.8

-3.8
6.2

0.5
5.3

0.3
5.7

1.4
6.0

1
2

55.4
0.3
1.1
1.0
2.4

59.1
-.6
-1.9
-.4
3.4

66.7
0.7
2.2
0.5
0.3

90.6
0.5
2.1
1.1
4.8

104.7
0.7
0.9
10.2
-2.1

101.2
-.9
-3.1
-2.2
5.7

114.7
-.3
0.1
5.7
-3.4

115.1
0.5
-.8
-4.1
9.7

111.2
-.1
11.9
12.6
-5.7

119.9
0.5
6.9
8.5
9.5

102.6
-.6
5.3
18.7
2.7

153.8
0.3
6.4
34.8
7.9

3
4
5
6
7

42.4
12.7
8.4
4.3
1.9
16.2
4.2
3.1
4.3
8.1

52.5
19.3
12.1
7.2
0.9
16.7
9.0
5.3
1.1
6.1

54.1
23.6
12.6
11.0
-1.3
23.7
5.7
1.9
0.4
9.1

74.4
23.0
10.5
12.5
1.0
37.8
15.1
-2.3
-.1
7.7

86.9
17.9
7.3
10.6
2.0
40.8
22.0
4.5
-.3
8.0

91.7
5.1
-2.0
7.0
-1.0
66.9
18.5
2.7
-.4
9.9

104.0
10.2
1.5
8.7
-1.5
69.2
20.5
5.1
0.6
8.7

101.8
19.5
-5.6
25.1
-.1
53.6
21.4
4.4
3.2
8.3

94.4
26.4
6.2
20.2
3.3
55.8
13.6
-8.9
4.1
-2.0

83.2
61.7
18.6
43.1
-2.1
28.2
-2.6
-6.9
4.8
11.3

79.1
39.8
11.0
28.8
1.1
58.9
-18.6
-7.8
5.7
-2.7

105.1
51.0
21.2
29.8
3.4
65.5
-17.6
-2.8
5.7
-.8

8
9
10
11
12
13
14
15
16
17

53.7
7.0
39.7
x
7.0

55.8
7.8
38.8
-.1
9.2

66.3
5.0
46.7
-.2
14.8

88.3
10.4
63.4
-

105.1
17.2
82.5
-

X
5.4

10.9

105.4
25.3
84.4
-.1
-4.2

118.3
25.6
81.1
0.5
11.1

115.5
27.7
75.2

X

118.9
24.9
85.0
0.1
8.8

117.2
28.4
77.8
-

14.4

93.9
25.7
62.7
0.2
5.3

152.7
35.7
102.0
0.2
0.1
14.7

18
19
20
21
22
23

0.3

-2.6

-2.6

-6.3

-9.6

-21.6

-1.8

-5.3

-15.7

-6.4

7.5

X

X
X

12.5

-5.6 24

F.,122 Other Insurance Companies

I Gross saving
2 Fixed nonres.

investment

3 Net acq. of financial assets
4
Checkable dep. and currency
Security RPs
5
6
Corporate equities
7
8
9
10
11
12
13
14
15

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Commercial mortgages
Trade credit
Miscellaneous assets

16 Net increase in liabilities
17
Corporate equities
Taxes payable
18
19
Miscellaneous liabilities
20 Discrepancy

1.0
0.7

-.6
1.0

-4.2
1.4

-6.4
1.4

-.8
1.7

2.5
2.1

3.7
2.1

2.4
2.3

-3.0
2.4

-4.2
2.0

-18.9
2.1

-8.3
2.1

1
2

14.5
4.0
2.7

15.7
-.4
9.6
2.1

15.3
0.5
4.2
-4.3

33.2
1.2
5.7
-2.0

49.4
1.3
0.1
-.3

48.4
-.1
0.9
2.7

45.6
-.1
3.3
3.6

42.6
0.6
-.1
7.9

26.5
0.5
3.2
-7.0

27.8
-1.1
-4.1
-1.2

15.6
0.2
5.6
-.4

36.7
-.4
-.9
0.8

3
4
5
6

5.0
2.2
0.6
1.5
3.0
-.5
0.3
2.1
0.7

1.7
5.5
3.3
2.2
-.3
-4.2
0.7
2.0
0.7

11.7
9.1
5.9
3.2
-1.9
4.1
0.4
2.8
0.5

26.1
13.8
5.5
8.2
3.5
8.2
0.7
2.2
-.1

42.7
13.9
13.8
0.1
13.7
14.1
1.0
4.9
0.7

39.5
8.5
8.4
0.1
22.8
7.5
0.6
3.6
1.8

29.2
9.2
9.0
0.2
9.3
10.1
0.6
6.8
2.7

29.7
14.4
11.0
3.4
0.7
13.6
0.9
2.8
1.6

26.5
14.0
8.0
6.0
2.2
9.9
0.4
2.0
1.4

32.6
35.2
25.0
10.1
-10.2
8.0
-.4
1.9
-.3

12.8
5.2
4.7
0.5
7.5
0.7
-.6
-.1
-2.6

33.3
17.6
15.8
1.8
11.8
5.3
-1.4
1.7
2.2

9
10
11
12
13
14
15

13.9
2.8

14.2
1.5

18.5
3.9

49.4
6.8

46.4
4.0

12.7

14.6

42.7

42.4

33.1
1.7
0.1
31.3

36.9
2.4
0.6
34.0

29.2
2.8
-.1
26.5

17.8
1.9
0.5
15.3

28.7
5.5

11.1

45.1
7.8
-.1
37.3

23.5
7.4
0.1
15.9

16
17
18
19

-.2

-3.1

-2.4

4.1

-2.5

-1.6

-10.9

-5.6

-2.7

-16.3

-7.9

X

X

X

X

X

X

X

23.2

7

a

-23.7 20

F.123 Private Pension Funds (1)

i Gross saving
2 Fixed nonres.

investment

3 Net acq. of financial assets
4
Checkable dep. and currency
5
Small time and savings dep.
6
Large time deposits
7
Money market fund shares
8
Mutual fund shares
9
Corporate equities

10
11
12
13
14
15
16
17
18

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper
Miscellaneous assets

19 Discrepancy
(1)

0.8
2.1

1.0
3.4

1.3
4.9

1.7
5.3

2.1
6.1

2.5
7.0

2.8
6.6

3.5
7.8

3.6
7.4

4.2
7.3

4.5
8.1

4.8
8.4

1
2

87.8
-1.2
5.3
7.6
-1.9
2.9
21.9

80.2
0.5
10.0
1.4
1.2
0.4
7.1

47.3
0.6
6.9
0.3
1.0
1.1
-4.8

136.2
0.7
18.7
3.3
2.1
2.0
10.6

114.1
0.3
15.4
4.0
1.9
2.3
3.6

60.0
0.7
14.9
2.4
1.8
16.5
-29.6

-28.4
-.5
16.2
8.5
2.0
1.7
-12.2

142.4
1.2
23.8
12.8
2.9
6.3
-12.5

-10.9
0.1
-9.3
-2.6

192.5
-1.1
39.7
13.3
1.0
8.6
7.0

75.0
-.1
9.0
0.4
1.5
15.2
-2.6

92.4

3.3
2.8
4.0
42.8
-18.1

3
4
5
6
7
8
9

48.6
40.3
22.6
17.7
0.6
11.9
5.1
-9.3
4.5

40.6
25.1
16.3
8.8

71.5
36.6
24.7
11.9
0.6
31.7
2.5
0.2
27.2

67.7
31.1
22.3
8.8
2.1
23.2
3.0
8.3
18.8

33.6
20.7
16.9
3.8
-2.5
11.8
-2.0
5.6
19.6

29.2
3.7
9.6
-1.0
13.8
4.2
2.5
-73.4

81.1
61.1
44.8
16.3
0.3
22.2
7.4
-9.9
26.3

17.2
10.6
12.0
-1.4

12.7
0.8
2.0
18.9

39.1
20.8
14.5
6.3
0.4
15.5
0.1
2.4
3.1

9.3
-1.3
-1.4
-8.0

85.7
41.0
33. 1
7.9
0.2
40.2
8.4
-4.1
37.7

37.3
20.7
17.5
3.2
0.1
16.4
3.0
-2.9
14.3

40.2
17.7
14.9
2.8
0.1
17.4
3.8
1.3
17.4

10
11
12
13
14
15
16
17
18

-1.3

-2.3

-3.6

-3.6

-4.0

-4.5

-3.8

-4.4

-3.7

-3.1

-3.6

-3.6 19

82.7
0.7
2.6
48.0

1
2
3
4

25.5
12.1
15.9
-3.8
0.2
14.8
-1.9
0.3
6.0

5
6
7
8
9
10
11
12
13

X

X

X

6.7
-14.4

X

X

Includes the Federal Employees’ Retirement System Thrift Savings Plan.
F.124 State and Local Government Employee Retirement Funds

1 Net acq. of financial assets
2
Checkable dep. and currency
Large time deposits
3
4
Corporate equities
5
6
7
8
9
10
11
12
13

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper
Miscellaneous assets

BILLIONS OF DOLLARS




31.7
0.4
2.2
6.0

35.1
0.4
2.8
20.0

45.3
0.6
3.2
7.3

53.4
0.4
1.4
28.6

71.7
0.7
-3.4
24.0

59.8
1.8
-4.7
31.8

56.0
-.4
1.9
21.0

80.1
-1.2
1.9
2.9

70.0
1.5
-1.7
12.3

61.2
0.6

30.9

72.0
0.8
-1.8
16.7

21.7
19.4
9.3
10.1
-.7
1.8
1.3
1.4

9.1
17.0
12.0
4.9
-1.1
-9.6
0.9
2.0
2.8

35.8
23.1
19.0
4.1
-.5
9.6
0.6
3.0
-1.6

21.7
12.3
15.0
-2.7
-.4
4.8
0.1
5.0
1.4

43.8
30.0
19.9
10.0
-.4
7.5
0.3
6.5
6.6

30.0
25.5
17.9
7.6
0.1
-1.4
-.2
6.0
0.9

17.6
2.5
3.2
-.6
-.3
17.2
0.3
-2.2
16.0

46.1
16.0
1.0
15.0
-.3
31.6
-.3
-1.0
30.5

34.9
27.1
17.6
9.5
0.1
2.8
0.8
4.1
23.0

46.0
9.9
8.5
1.5
-.2
26.1
0.8
9.3
-16.3

34.4
3.8
4.5
-.7
0.2
27.8
-3.3
5.8
21.9

X

DECEMBER 7, 1994
Insurance Companies and Pension Funds

Insurance Companies and Pension Funds
F.121-F.124 Insurance Companies and Pension Funds

90

SEASONALLY ADJUSTED ANNUAL RATES

1991
IV

|
|

SEASONALLY ADJUSTED ANNUAL RATES

1992
][

II

1993

III

IV

1

II

I

IV

III

1
1

I

1994
II

III

F.121 Life Insurance Companies
1
2

2.2
5.2

-.7
5.6

1.4
5.7

-.6
5.8

1.1
5.9

1.4
5.7

1.4
5.9

1.5
6.0

1.5
6.3

1.7
6.3

1.8
6.4

3
4
5
6
7

84.0
-.1
5.4
5.9
42.2

98.8
0.1
5.7
14.1
22.4

90.3
-.6
5.0
25.6
-8.5

103.0
-1.1
4.9
17.4
2.1

118.2
-.9
5.6
17.8
-5.2

161.8
1.8
6.0
29,9
7.0

160.9
0.4
6.3
45.8
-14.6

164.9
-.4
6.6
34.9
18.2

127.5
-.5
6.8
28.8
20.9

116.3
0.7
7.1
5.5
27.1

47.1
-.6
11.6
11.9
26.9

8
9
10
11
12
13
14
15
16
17

26.6
86.9
25.6
61.3
-6.7
-5.1
-19.3
-27.9
-1.2
3.9

65.8
34.6
4.7
29.9
-.4
46.8
-7.8
-9.6
2.2
-9.3

69.6
34.2
13.3
20.8
0.6
57.2
-16.2
-10.5
4.3
-.6

80.4
46.7
11.1
35.6
1.8
58.9
-21.5
-11.2
5.8
-.8

100.8
44.0
15.0
29.0
2.5
72.6
-28.7
-.1
10.5
0.1

113.0
48.5
23.2
25.3
0.5
77.1
-9.3
-7.2
3.3
4.1

109.4
67.3
27.8
39.5
4.2
44.3
-8.6
-1.7
3.9
13.6

111.8
53.9
23.3
30.6
5.4
76.2
-18.5
-12.6
7.4
-6.2

86.4
34.3
10.5
23.8
3.3
64.6
-34.3
10.4
8.1
-14.9

53.7
13.9
-6.7
20.6
3.2
59.6
-20.2
-7.2
4.5
22.1

6.1
12.8
23.0
-10.2
-2.6
17.6
-12.9
-17.0
8.2
-8.9

18
19
20
21
22
23

81,0
19.3
71.6
0.4
-10.3

112.4
29.9
61.1
X
0.2
21.2

103.3
16.0
78.0
X
9.3

118.5
38.0
72.0
0.2
X
8.4

127.8
26.9
89.8
-.2
X
11.2

142.9
39.1
89.8
0.1
0.1
13.8

169.8
35,8
119.5
0.6
0.1
13.9

184.9
47.1
117.6
-.1
0.1
20.3

113.2
20.9
81.2
0.4
0.1
10.6

109.0
20.3
76.3
X
0.1
12.3

69.0
8.5
53.8
X
0.1
6.6

24

-6.0

7.4

8.6

9.1

4.3

-23.2

4.4

15.5

-19.1

-11.8

17.2

l.S Gross saving
6.7 Fixed nonres. investment
96.4 Net acq. of financial assets
Checkable dep. and currency
-.1
4.9
Money market fund shares
15.1
Mutual fund shares
20.9
Corporate equities
33.3
14.7
7.6
7.1
-1.3
32.0
-21.3
-.3
9.4
22.3

Credit market Instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper
Policy loans
Miscellaneous assets

107.1 Net increase in liabilities
24.1
Life insurance reserves
70.5
Pension fund reserves
X
Fed. Home Loan 3ank loans
0.1
Taxes payaole
12.3
Miscellaneous liabilities

5.8 Discrepancy

1
2
3
4
5
6
7

8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

24

F.122 iOther Insurance Companies

1
2

-4.0
2. 0

-4.0
2.1

-10.1
2.1

-44.1
2.1

-17.3
2.2

-7.4
2.1

-7.3
2.1

-11.3
2.2

-7.2
2.2

-14.4
2.2

-8.6
2.2

3
4
5
6

23.7
-.8
-1.5
-.6

28.2
-.1
3.0
-.7

24.2
0.4
7.4
-.6

-8.0
0.5
7.8
-.3

18.0
0.1
4.2
-

32.3
-.2
0.9
0.4

38.1
-.5
-1.9
0.9

39.2
-.5
-2.3
1.0

37.1
-.3
-.2
0.8

37.4
-.2
1.6
5.3

30.5
X
2.9
4.9

25.6 Net acq. of financial assets
X
Checkable dep. and currency
3.3
Security RPs
4.8
Corporate equities

7
8
9
10
11
12
13
14
15

26.4
27.1
19.7
7.4
-5.4
5.2
-.5
1.3
-1.1

23.7
19.8
16.4
3.4
1.7
2.7
-.5
0.4
1.9

15.8
9,0
9.4
-.4
7.9
-.6
-.5
-.5
1.7

-.2
-9.2
-7.8
-1.4
10.6
-1.0
-.6
-.5
-15.4

11.9
1.2
0.9
0.3
10.0
1.6
-.9
0.3
1.4

27.3
14.0
12.6
1.5
10.5
4.0
-1.2
l.l
2.6

36.0
19.3
17.2
2.0
12.1
6.2
-1.6
1.9
1.8

37.6
20.2
18.1
2.1
12.6
6.3
-1.6
2.0
1.4

32.1
16.9
15.2
1.7
11.9
4.5
-1.3
1.6
3.1

27.9
14.3
12.9
1.4
11.5
3.1
-1.0
1.3
1.5

20.8
12.4
11.3
1.2
7.1
2.0
-.7
1.1
0.9

16.0
12.0
10.9
1.1
3.3
1.4
-.6
1.0
0.4

16
17
18
19

18.6
3.0
0.4
15.3

24.6
4.2
0.2
20.2

30.7
5.3
25.4

30.8
6.0
X
24.9

28.7
6.3
w
22.4

24.5
7.1
0.1
17.3

22.8
8.4
0,1
14.3

21.4
8.1
0.1
13.2

25.2
6.2
0.1
19.0

25.7
4.4
0.1
21.2

24.4
2.7
0.1
21.6

23.9 Net increase in liabilities
2.2
Corporate equities
0.1
Taxes payable
21.6
Miscellaneous liabilities

20

-11.1

-9.7

-5.8

-7.5

-8.7

-17.3

-24.8

-31.2

-21.3

-28.3

-16.9

-10.7 Gross saving
2.3 Fixed nonres. investment

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Commercial mortgages
Trade credit
Miscellaneous assets

-14.7 Discrepancy

1
2

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

F.123 Private Pensioni Funds (1)
I
2

4.3
7.1

4.5
7.8

4.5
8.1

3.9
8.1

5.0
8.2

4.8
8.0

4.8
8.3

4.9
8.4

4.9
8.8

4.8
8.6

5.2
8.8

3
4
5
6
7
8
9

272.0
1.0
47.2
16.8
3.5
22.2
0.9

2.1
0.2
-1.2
-1.0
11.4
14.3
19.9

73.9
X
10.3
-1.6
-2.9
21.1
-27.9

122.3
-1.4
4.2
-.2
-2.5
10.1
-3.5

101.7
0.8
22.8
4.2
-.1
15.2
1.3

190.6
1.5
30.8
11.6
2.4
33.9
-30.1

81.4
-.2
-7.1
0.5
4.8
56.2
8.5

137.3
-.8
4.7
0.7
5.2
44.4
-35.0

-39.8
-.7
-15.3
-1.5
3.6
36.7
-15.8

-194.1
-2.1
-46.9
-10.6
2.4
15.7
-30.5

-108.3
-1.8
-33.2
-7.9
1.5
20.3
-42.7

10
11
12
13
14
15
16
17
18

135.2
62.9
65.6
-2.8
0.2
55.8
10.0
6.3
45.3

-33.2
-18.8
-25.4
6.6
-.1
-13.5
-1.7
0,9
-8.2

74.1
45.2
36.2
9.0
0.2
34.5
-.4
-5.4
0.8

99.9
56.3
44.2
12.2
0.3
46.2
3.5
-6.4
15.6

8.4
0.2
15.1
-14.9
-.1
-1.5
10.4
-.7
49.0

118.0
59.5
29.9
29.5
0.2
43.9
4.2
10.1
22.6

11.1
-2.4
2.4
-4.8
X
10.8
1.9
0.9
7.6

91.9
46.8
33.3
13.5
0.3
44.0
6.1
-5.4
26.3

-60.1
-33.3
-6.0
-27.3
-.1
-29.3
3.1
-.5
13.2

-97.7
-46.2
-36.8
-9.4
-.1
-38.9
-5.3
-7.2
-24.5

-30.7
-17.3
-7.0
-10.3
-.1
-5.3
-1.8
-6.3
-8.7

19

-2.9

-3.3

-3.5

-4.2

-3.2

-3,3

-3.5

-3.6

-4.0

-3.8

-3.7

(1)

5.3 Gross saving
9.2 Fixed nonres. investment
6.7 Net acq. of financial assets
-.5
Checkable dep. and currency
-.2
Small time and savings dep.
2.2
Large time deposits
2.0
Money market fund shares
19.5
Mutual fund shares
-29.7
Corporate equities

-13.4
-14.1
-4.8
-9.3
-.1
-6.9
6.5
1.2
26.7

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper
Miscellaneous assets

-3.9 Discrepancy

1
2
3
4
5
6
7
8
9

10
11
12
13
14
15
16
17
18
19

Includes the Federal Employees* Retirement System Thrift Savings Plan.

F.124 State and Local Government Employee Retirement Funds

1
2
3
4

45.2
4.1
-3.9
41.9

92.6
0.3
-1.4
42.3

54.1
2.4
-1 . 1
23.6

93.6
-3.9
-2.3
-13.0

47.7
3.9
-2.5
13.7

28.1
-2.3
1.5
22.5

103.9
1.0
3.0
41.9

75.1
-.9
11.8
38.6

123.6
4.8
-6.1
88.8

75.1
0.2
0.3
26.2

90.3
0.4
0.5
33.9

91.8 Net acq. of financial assets
0.4
Checkable dep. and currency
0.5
Large time deposits
19.2
Corporate equities

5
6
7

11.8
-30.6
-2.3
-28.3
-1 . 0
41.2
0.8
1.4
-8. 7

40.2
14.0
-6.7
20.6
-.1
27.0
-2.9
2.2
10.7

33.9
-3.5
16.0
-19.5
X
29.5
-1.0
8.9
-4.7

46.8
18.0
2.2
15.8
0.8
26.8
-5.2
6.4
65.9

16.7
-13.1
6.4
-19.6
0.2
27.8
-4.0
5.8
15.9

-9.8
-11.3
15.3
-26.6
0.3
-.8
-3.2
5.3
16.1

47.5
17.6
24.0
-6.4
0.7
26.8
-4.6
6.9
10.6

27.4
33.1
29.9
3.2
-.5
6.7
2.2
-14.1
-1.7

36.9
9.2
-5.4
14.6
0.4
26.3
-2.1
3.1
-.9

45.3
22.7
14.8
7.9
X
21.8
0.4
0.4
3.0

51.2
28.6
18.7
9.8
X
20.6
1.2
0.8
4.4

41.1
19.1
14.2
4.9
X
21.2
-.1
0.8
30.7

a

9
10
11
12
13

BILLIONS OF DOLLARS.




Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
□pen market paper
Miscellaneous assets

1
2
3
4
5
6
7
8
9
10
11
12
13

DECEMBER 7, 1994
Othar Finance

Other Finance
F.125-F.129 Other Financial Institutions

33

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1986

1985

1987

1988

1989

1990

1991

1992

1993

F.125 Finance Companies (1)
1 Gross saving
2 Fixed nonres. investment
3 Net acq. of financial assets
4
Checkable dep. and currency
Credit market instruments
5
Mortgages
6
Consumer credit
7
Other loans (to business)
8
Miscellaneous assets
9

10 Net increase in liabilities
Credit market instruments
11
Corporate bonds
12
Bank leans n.e.c.
13
14
Open market paper
15
16
17
18
19

Taxes payable
Miscellaneous liabilities
Fgn. dir. invest, in U.S.
Investment by parent
Other

20 Discrepancy
(1)

-.1
1.4

1.1
2.4

0.5
3.8

0.1
4.2

0.3
5.2

4.4
5.2

5.2
5.6

6.8
6.6

6.7
6.2

5.5
5.9

3.5
6.8

5.0
7.7

1
2

11.8
0.1
8.2
1.9
5.4
0.9
3.5

27.7
0.1
25.3
1.8
10.4
13.1
2.3

35.7
0.2
35.7
3.3
8.0
24.4
-.1

59.2
0.3
46.4
4.8
20.7
20.9
12.5

56.0
0.4
42.6
5.6
18.6
18.4
13.0

62.7
0.6
47.6
8.0
3.0
36.6
14.6

50.6
0.8
38.1
5.1
1.4
31.6
11.7

36.6
1.0
32.0
6.5
-.7
26.3
3.6

39.7
1.1
29.0
11.7
-6.0
23.3
9.6

23.0
1.2
-12.7
0.3
-12.4
-.6
34.5

3.3
1.3
1.7
2.7
-4.6
3.6
0.3

19.4
0.4
-9.0
-.5
-1.8
-6.7
28.0

3
4
5
6
7
8
9

10.1
3.3
8.1
1.0
-5.8

25.3
14.9
4.0
1.8
9.1

33.1
23.9
9.6
1.7
12.6

55.0
40.7
14.7
-3.6
29.6

52.5
51.5
26.3
3.7
21.6

56.7
23.2
9.6
2.9
10.7

39.0
23.9
5.9
1.0
17.1

25.4
27.4
15.6
3.1
8.7

31.2
24.0
15.5
4.0
4.6

22.0
18.6
13.0
11.3
-5.8

0.3
-3.6
4.0
-4.6
-3.1

15.1
0.2
9.7
-12.3
2.7

10
11
12
13
14
15
16
17
18
19

X

»

X

X

X

6.8
0.2
6.7
-.1

10.4
-.3
4.9
5.8

9.2
1.9
8.8
-1.5

14.3
-.5
15.6
-.7

0.9
2.1
7.5
-8.7

0.1
33.4
-.2
-10.0
43.6

0.1
15.0
-.5
-13.2
28.8

0.1
-2.2
7.2
-1.5
-7.8

0.2
7.0
-3.5
2.2
8.3

0.2
3.2
4.4
-3.0
1.9

0.1
3.8
1.8
3.4
-1.4

0.1
14.8
7.6
3.3
3.9

-3.3

-3.7

-5.9

-8.3

-8.5

-6.3

-12.0

-11.0

-8.0

-1.4

-6.4

-6.9 20

11.2
11.3
-.1
-

0.1
-.4
0.3
0.3

-.5
0.1
0.3

11.2
-2.4
13.6

0.1
8.0
-7.9

-1.0
1.0

Includes retail captive finance companies.

F.126 Mortgage Companies
11.8
11.0
0.7
0.2

-12.7
-11.8
-.9
0.1

5.2
5.0
0.3

0.7

3.2
2.8
0.2
0.1

20.1
20.2
-.2
0.1

2.1
1.5
0.6

3.2
1.2 •
2.0

11.8
9.0
2.8

-12.7
-11.2
-1.5

5.2

20.1
10.1
10.1

1 Net acq. of financial assets
2
Home mortgages
3
Multifamily mortgages
4
Commercial mortgages

2.2
2.2
0.1
-.1

0.9
0.9
-.4
0.4

2.1
1.4

5 Net increase in liabilities
6
Bank loans n.e.c.
Investment by parent
7

2.2
1.6
0.6

0.9
0.6
0.2

X

X
X

5.1

X
-.9
1.0

X

X
X
■

X

X

1
2
3
4
5
6
7

F.127 Mutual Funds (2)
1 Gross saving

-.9

-5.3

-3.1

-7.9

-15.0

-17.1

-9.9

-10.9

-9.3

-12.9

-17.2

-18.0

1

2 Net acq. of financial assets
3
Checkable dep. and currency

8.5
0.3

24.0
0.6

24.2
0.4

80.8
1.7

145.9
2.6

53.2
0.5

-3.8
0.3

26.3
1.3

56.0
0.2

138.5
3.6

194.7
3.8

298.8
6.0

2
3

3.5
4.7
2.3
2.3
2.9
0.2
-.6

13.7
9.8
0.6
0.6
5.5
2.7
1.0

5.9
17.9
6.4
5.8
0.5
5.6
3.6
2.4

10.3
68.7
52.9
41.4
11.5
14.5
3.6
-2.3

20.2
123.1
59.3
36.4
22.9
31.8
26.3
5.3

26.9
25.3
9.9
9.9
5.4
7.3
3.2

-16.0
11.9
-19.2
-17.7
-1.5
8.0
14.2
8.9

1.2
23.8
5.1
5.3
-.2
14.9
5.7
-1.9

14.4
41.4
7.4
4.1
3.2
15.6
13.6
4.9

44.6
90.3
53.9
42.1
11.8
28.0
12.8
-4.4

67.2
123.7
60.4
39.2
21.2
36.3
19.8
7.3

128.8 4
164.0 5
41.8 6
25.9
7
15.9 8
9
44.6
56.1 10
21.4 11

12 Net share issues

9.4

29.3

27.3

88.7

160.9

70.2

6.1

37.2

65.3

151.5

211.9

316.8 12

13 Memo: Capital gains dividends

2.4

4.4

6.0

4.9

17.5

22.4

6.3

15.0

8.1

14.1

22.2

36.3 13

4
5
6
7
8
9
10
11

Corporate equities
Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate S foreign bonds
Open market paper

X

(2) Open-end investment companies; does not include College Retire ment
Equities Fund (CREF), which is included in the private pension funds
sector (F.123).

F.128 Closed-End ^unds

1 Net acq. of financial assets
2
3
4
5
6

Corporate equities
Credit market instruments
U.S. government securities
Tax-exempt securities
Corporate 8 foreign bonds

7 Net share issues

-.2

-.8

-1.0

1.0

5.8

7.3

20.6

6.3

0.4

16.3

16.9

14.3

1

-.7
0.5

-.6
-.2
-.2

-.4
1.4
0.1
1.0
0.3

2.9
2.9
0.4
1.1
1.4

3.3
4.0
0.6
1.3
2.1

2.8
17.9
3.2
4.2
10.4

-.3
6.6
1.8
4.6
0.1

0.2
0.2

0.4

-.5
-.5
-.1
-.4

1.8
-1.6

1.6
14.7
3.1
13.0
-1.4

-.5
17.4
2.0
13.8
1.6

4.1
10.2
2.8
3.4
4.0

2
3
4
5
6

-.2

-.8

-1.0

1.0

5.8

7.3

20.6

6.3

0.4

16.3

16.9

14.3

7

15.3
1.5
-5.8
0.4
-10.4

1
2
3
4
5

X

X

X

F. 129 Money Market Mutual Funds
1 Net acq. of financial assets
Checkable dep. and currency
2
Time deposits
3
4
Security RPs
Foreign deposits
5

6
7
8
9
10
11
12

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Open market paper
Miscellaneous

13 Net share issues
BILLIONS OF DOLLARS.




32.7
0.8
-3.1
1.7
4.9

-40.4
-.6
-16.8
-3.2
-1.8

54.2
-1.0
-.4
9.7
-.7

10.2
1.4
-6.8
3.3
-2.2

48.3
-.2
2.3
6.1
3.1

24.0
-.3
14.4
7.1
-.6

21.9
1.0
-.8
2.4
8.1

90.1
-.6
8.5
13.2
-3.3

70.3
11.3
-20.2
4.1
0.7

41.2
-11.6
12.0
9.3
-5.4

3.9
-2.5
-2.1
-1.1
-1.2

29.5
22.7
21.1
1.6
8.0
-1.3
-1.1

-17.7
-18.4
-19.8
1.4
3.6
-3.0
-.4

45.0
6.2
2.6
3.6
7.0
31.8
1.5

13.9
0.3
-.8
1.1
12.4
1.2
0.6

34.1
0.5
3.4
-3.0
27.5
6.2
2.9

1.8
-1.9
-13.7
11.9
-2.3
6.0
1.4

10.7
-11.4
-2.7
-8.6
4.2
17.8
0.5

67.1
5.9
3.2
2.7
3.7
57.5
5.2

80.9
46.5
30.7
15.9
14.3
20.1
-6.4

30.1
38.6
34.2
4.4
6.2
-14.7
6.9

1.3
13.7
0.1
13.5
5.0
-17.3
9.5

12.9
6
7
13.9
0.8 8
13.2 9
8.6 10
-9.6 11
17.2 12

32.7

-40.4

54.2

10.2

48.3

24.0

21.9

90.1

70.3

41.2

3.9

15.8 13

DECEMBER 7, 1994
Other Finance

Other Finance
F.125-F.129 Other Financial Institutions

q/.

SEASONALLY ADJUSTED ANNUAL RATES
1991
IV

I
1

SEASONALLY ADJUSTED ANNUAL RATES

1992
3C

II

III

1
I

IV

1993

I

II

III

IV

1
1

1994
II

I

III

F.125 Finance Companies (1)

5.1 Gross saving
9.2 Fixed nonres. investment

1
2

3.5
5.8

1.9
6.6

1.7
6.8

5.6
6.9

4.8
7.0

5.0
7.3

5.0
7.6

5.1
7.7

5.1
8.0

4.5
8.6

5.2
8.9

3
4
5
6
7
8
9

11.3
1.3
-26.0
-1.9
-7.3
-16.9
36.1

0.3
1.3
1.0
2.6
-4.5
2.9
-2.0

-18.6
1.3
-13.9
1.4
-13.4
-2.0
-6.0

7.1
1.3
-2.7
8.1
-6.9
-3.9
8.5

24.4
1.4
22.3
-1.5
6.3
17.5
0.8

12.4
0.4
-33.3
1.0
-12.7
-21.7
45.3

-7.7
0.4
-34.7
-4.6
-15.3
-14.8
26.6

37.0
0.4
9.4
-1.1
-4.5
14.9
27.2

35.8
0.4
22.6
2.5
25.1
-5.0
12.8

86.0
0.4
72.1
1.6
25.3
45.1
13.5

93.1
0.4
49.8
6.5
10.0
33.3
42.9

42.5 Net acq. of financial assets
Checkable dep. and currency
0.4
59.0
Credit market instruments
11.3
Mortgages
18.5
Consumer credit
Otner loans (to business)
29.2
-16.9
Miscellaneous assets

10
11
12
13
14

7.2
20.5
25.0
2.6
-7.0

-4.4
-27.3
-5.8
-10.6
-11.0

-23.3
-3.5
8.3
-.2
-11.6

3.3
15.2
-1.8
1.7
15.3

25.5
1.0
15.4
-9.4
-5.1

14.8
-19.6
4.1
-7.6
-16.1

-14.4
-13.6
10.3
-18.2
-5.7

34.0
17.5
17.5
-14.0
14.1

25.8
16.3
7.0
-9.3
18.7

93.7
63.3
23.0
2.1
38.2

78.3
67.0
31.4
-2.9
38.5

45.9 Net increase in liabilities
16.9
Credit market instruments
34.6
Corporate bonds
Bank loans n.e.c.
-7.0
-10.7
Open market paper

15
16
17
18
19

0.1
-13.5
5.5
-8.2
-10.7

0.1
22.8
5.1
17.7

0.1
-19.9
-4.8
1.5
-16.6

0.1
-12.0
7.8
0.3
-20.1

0.1
24.4
-.9
11.8
13.6

0.1
34.3
1.2
14.4
18.8

0.1
-.9
12.0
7.9
-20.8

0.1
16.4
8.6
-1.7
9.4

0.1
9.3
8.6
-7.5
8.2

0.1
30.3
10.6
-6.7
26.4

0.1
11.2
2.1
14.4
-5.3

20

-6.4

-9.4

-9.8

-5.1

-1.1

0.1

-9.2

-5.6

-13.0

3.6

-18.4

0.1
28.9
5.0
21.1
2.8

Taxes payable
Miscellaneous liabilities
Fgn. dir. invest, in U.S.
Investment by parent
Other

-.7 Discrepancy

1
2

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

(1) Includes retail captive finance companies.

F.126 Mortgage Companies

1
2
3
4

60.4
59.7
0.7
-

23.0
23.5
0.1
-.6

-38.5
-40.6
-.1
2.2

28.9
28.2
1.0
-.3

-12.8
-12.7
0.2
-.3

-50.4
-50.3

65.1
64.5
0.3
0.2

-1.6
-1.9
-.2
0.5

-13.3
-14.2
0.3
0.6

-55.4
-55.4
-

-66.2
-66.2
-

-20.0 Net acq. of financial assets
Home mortgages
-20.0
Multifamily mortgages
Commercial mortgages
-

1
2
3
4

5
6
7

60.4
22.2
38.2

23.0
27.5
-4.5

-38.5
-3.3
-35.2

28.9
14.4
14.5

-12.8
-6.4
-6.4

-50.4
-25.2
-25.2

65.1
32.4
32.7

-1.6
-.8
-.8

-13.3
-10.4
-2.9

-55.4
-27.6
-27.8

-66.2
-33.2
-33.0

-20.0 Net increase in liabilities
Bank loans n.e.c.
-10.0
-10.0
Investment by parent

5
6
7

X
X

F.127 Mutual Funds (2)

1

-14.4

-15.2

-16.3

-17.6

-19.7

-18. 0

-18.0

-18.0

-18.0

-18.0

-18.0

-18.0 Gross saving

1

2
3

178.3
4.9

183.2
2.5

184.2
3.8

225.8
4.1

185.7
4.8

250.9
6.0

340.0
6.0

330.9
6.8

273.5
5.3

96.0
3.0

134.7
0.5

113.2 Net acq. of financial assets
4.8
Checkable dep. and currency

2
3

4
5
6
7
8
9
10
11

57.3
116.1
65.6
53.4
12.2
33.3
23.4
-6.2

67.6
113.1
4.2
-14.4
18.6
29.5
39.4
40.0

54.7
125.7
23.7
-4.0
27.7
37.6
53.3
10.5

61.7
160.1
127.6
100.1
27.5
39.9
-34.4
27.0

84.8
96.1
85.9
74.9
11.0
38.0
20.4
-48.2

96.4
148.6
31.4
19.9
11.4
49.9
39.9
27.4

139.6
194.4
33.1
21.4
11.7
50.0
71.4
39.9

149.5
174.6
57.2
0.3
57.0
47.0
78.0
-7.7

129.8
138.4
45.5
61.9
-16.4
31.5
35.3
26.2

165.6
-72.6
-139.0
-99.2
-39.7
8.5
10.5
47.5

122.9
11.3
-8.0
8.1
-16.1
-2.6
-4.8
26.7

127.0
-18.6
-56.8
-65.6
8.8
0.9
11.8
25.5

12

192.7

198.3

200.4

243.4

205.4

268.9

353.0

348.9

291.5

114.0

152.7

131.2 Net share issues

13

7.8

7.1

16.0

14.1

51.4

9.3

18.9

15.6

101.3

15.2

5.0

4
Corporate equities
Credit market instruments
5
U.S. government securities 6
Treasury
7
Agency
8
Tax-exempt securities
9
Corporate & foreign bonds
10
Open market paper
11

10.6 Memo: Capital gains dividends

12

13

(2) Open-end investment companies; does not include College Retirement
Equities Fund (CREF), whicn is included in the private pension funds
sector (F.123).
F.128 Closed-End Funds

1

16.0

22.3

17.6

12.4

15.3

20.0

13.1

10.1

14.0

18.7

4.4

3.4 Net acq. cf financial assets

I

2
3
4
5
6

1.2
14.7
3.0
13.1
-1.3

0.8
21.6
2.3
16.3
2.9

1.8
15.8
1.8
14.4
-.4

-2.7
15.2
1.3
13.3
0.1

-1.9
17.3
2.2
11.1
4.0

3.3
16.7
2.6
6.4
7.7

2.6
10.5
3.1
4.2
3.2

4.1
5.9
3.0
0.5
2.5

6.3
7.7
2.4
2.6
2.8

10.0
8.7
1.9
3.6
3.2

0.8
3.6
1.4
0.3
2.0

2.0
1.4
0.8
0.2
0.4

2
3
4
5
6

7

16.0

22.3

17.6

12.4

15.3

20.0

13.1

10.1

14.0

18.7

4.4

3.4 Net share issues

Corporate equities
Credit market instruments
U.S. government securities
Tax-exempt securities
Corporate S -oreign bonds

7

F.129 Money Market Mutual Funds

1
2
3
4
5

32.1
-12.7
-.4
3.7
-9.6

34.0
-1.9
2,0
21.9
-5.2

25.2
-7.5
-9.7
11,3
-14.5

-10.0
-5.3
11.8
-42.1
18.9

-33.4
4.8
-12.7
4.6
-3.8

-46.8
6.6
21.1
-3.3
-6.9

61.8
-4.1
-31.5
-7.8
1.5

0.6
-4.5
-31.5
25.9
-25.1

47.7
7.8
18.6
-13.2
-10.9

-10.9
12.0
-19.6
-9.2
5.6

67.8
-14.9
6.1
8.0
-10.0

6
7
8
9
10
11
12

43.3
47.8
46.3
1.5
10.0
-14.5
7.7

25.6
7-8
14.1
-6.3
7.9
10.0
-8.4

-12.2
16.9
-.3
17,2
4,6
-33.8
57.8

21.3
28.1
0.6
27.5
-.6
-6.2
-14.6

-29.4
1.8
-14.0
15.7
8.0
-39.1
3.1

-57.3
-28.4
-13.4
-15.0
1.7
-30.6
-7.1

33.3
36.9
14.1
22.3
7.5
-11.0
70.4

25.3
33.7
-2.2
35.9
16.2
-24.5
10.5

50.3
13.6
4.7
8.9
3.9
27.8
-4.9

-37.4
-43.6
-45.1
1.4
28.2
-22.0
37.7

33.7
-9.4
-20,8
11.4
6,4
33.7
45,0

13

32.1

34.0

25.2

-10.0

-33.4

-46.8

61.8

0.6

47.7

-10.9

67.8

BILLIONS OF DOLLARS.




50.3 Net acq. of financial assats
Checkable dep. and currency
0.8
18.4
Time deposits
Security RPs
-12.8
-3.0
Foreign deposits

54.6
12.3
1.0
11.3
4.6
37.5
-7.6

i
2
3
4
5

6
Credit market instruments
7
U.S. government securities
Treasury
8
Agency
9
IS
Tax-exempt securities
11
Open market paper
Miscellaneous
12

50.3 Net share issues

13

DECEMBER 7, 1994
Other Finance, Continued

Other Finance, Continued
F.130-F.133 Other Financial Institutions, Continued

35

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.130 Real Estate Investment Trusts (REITs)
1 Gross saving
2 Fixed nonres. investment
3 Multifamily resid. invest.
4 Net acq. of financial assets
5
Mortgages
Miscellaneous assets
6

7 Net increase in liabilities
Security RPs
8
9
Corporate equities
Credit market Instruments
10
Mortgages
11
Corporate bonds
12
Bank loans n.e.c.
13
14
Open market paper
15

Miscellaneous liabilities

16 Discrepancy

0.1
0.2

0.1
-.1

0.2

0.1
0.1

«
X

0.2
0.5
0.4

X
X

0.1

0.3
0.6
-.3
*

-.1

-.2
-.1

0.1

«

0.2

0.4

X
X
X

X

X

X

0.5
0.1

-.3
l.l
0.1

0.3
1.9
0.2

0.1
1.5
0.2

0.2
1.0
0.1

1.1
0.1

0.2
1.8
0.2

0.2
1.9
0.2

0.5
3.8
0.4

2.1
5.6
0.6

1
2
3

2.0
0.8
1.2

2.7
2.4
0.3

0.1
0.1

2.1
1.0
1.1

3.5
0.9
2.6

1.5
0.5
0.9

-2.1
-.7
-1.5

0.8
-.7
1.5

-.2
1.1
-1.2

3.6
0.6
3.0

4
5
6

1.3
0.3
0.8
0.4
0.1
0.1
0.2

4.6
3.2
1.2
0.1
0.8
0.3
0.1

3.1
1.8
1.2
0.3
0.3
0.3
0.3

3.4
1.4
1.7
0.3
0.5
0.5
0.4

6.4
2.2
2.0
0.3
0.2
1.6
-.1

1.8
1.8
1.4
0.3
0.2
1.0
-.2

1.1
1.3
0.8
0.6
0.1
0.3
-.2

4.5
1.6
1.2
0.5
0.1
0.6

4.7
1.9
2.0
0.3
0.6
1.0
-1.3

18.4
2.1
12.9
3.5
3.6
0.4
-.2
-.3

7
8
9
10
11
12
13
14

0.2

0.1

0.1

0.4

2.3

-1.4

-.9

1.6

0.6

-.1 15

-1.3

0.4

1.3

-.2

2.0

-.9

1.5

1.8

1.1

10.6 16

X

X

X

F.131 Security Brokers and Dealers

X

1 Gross saving
2 Fixed nonres. investment

-1.1
1.0

1.1

-1.2
1.2

-.2
1.1

-1.3
1.2

0.2
1.2

-3.0
0.9

-1.9
0.8

0.2
0.6

-2.9
0.5

-1.4
0.6

-.9
0.8

1
2

3 Net acq. of financial assets
Checkable dep. and currency
4
Corporate equities
5

23.5
1.7
0.9

7.2
-.9
4.3

27.9
0.3
-1.0

37.6
2.4
2.6

28.6
2.2
1.4

-57.2
-1.4
-7.1

-2.0
1.9
0.1

100.7
0.4
-1.9

25.6
0.5
-3.3

70.4
-.1
2.4

39.6
0.2
-.6

81.7
2.0
8.0

3
4
5

Credit market Instruments
U.S. govt, securities
Treasury
Agency
Tax-exempt securities
Corporate & foreign bonds
Open market paper
Security credit
Miscellaneous assets

15.2
6.2
6.2
1.6
2.5
4.9
2.8
2.9

-10.6
-9.7
-9.7
1.8
2.0
-4.8
8.4
6.0

28.6
12.6
12.6
4.5
5.7
5.7
-2.3
2.4

4.1
-11.3
-16.2
4.9
8.9
9.2
-2.8
18.9
9.7

8.1
13.0
8.1
4.9
-3.3
0.3
-2.0
6.7
10.3

-35.0
-20.8
-25.7
4.9
-8.4
-4.4
-1.5
-16.3
2.7

-16.3
-25.8
-30.7
4.9
-.8
9.8
0.6
1.7
10.5

80.2
73.8
68.9
4.9
-.4
3.7
3.0
-1.0
23.0

2.8
5.4
-14.2
19.6
0.8
-4.0
0.6
-3.7
29.4

17.5
8.4
-1.6
10.0
1.6
12.0
-4.4
16.3
34.3

-6.9
-16.4
-15.3
-1.0
1.9
10.0
-2.4
-1.8
48.8

9.2
-19.2
-45.1
25.9
5.8
22.2
0.4
22.7
39.7

6
7
8
9
10
11
12
13
14

25.5
24.7
0.7
3.1

3.1

8.1
-15.9
0.4
1.0
5.2
2.4
2.7

30.1
17.1
0.7
1.1
6.8
5.8
1.0

38.5
-1.8
0.3
2.5
24.5
11.0
13.5

31.1
11.8
2.1
2.2
3.2
-5.8
9.0

-56.1
-49.8
-.1
6.3
-11.1
-5.3
-5.8

1.7
-13.1
4.3
-1.2
1.3
-.5
1.3

103.2
86.1
6.3
-3.0
16.6
4.3
12.3

25.8
16.8
1.5
3.4
7.2
-2.0
9.2

73.8
25.7
3.7
-5.7
35.2
10.6
24.6

41.6
16.4
2.7
-2.3
6.0
16.9
-11.0

83.0
14.3
12.0
1.7
39.3
12.7
26.6

15
16
17
18
19
20
21

0.5
0.3
-6.2
0.8
1.5
-8.4
2.4

2.5
-.2
13.1
0.3
1.0
11.8
2.1

0.4
-.1
2.2
0.5
0.8
0.9
1.8

2.5
0.3
6.9
-.3
8.5
-1.3
3.3

-.4
0.2
7.0
0.6
3.4
3.0
5.1

-.8
-.6
6.4
2.1
17.3
-13.0
-6.4

1.7
0.1
1.8
0.9
9.1
-8.2
6.8

-.5
0.1
-6.9
1.4
1.1
-9.3
4.6

-1.9
0.1
5. 0
0.1
-11.0
15.9
-6.3

0.7
0.2
4.0
2.0
-11.2
13.2
10.1

0.6

2.7
0.6
5.2
0.4
26.6
-21.9
7.3

22
23
24
25
26
27
28

-.2

-.2

-.2

-.3

0.1

-.1

-.1

-.2

6
7
8
9
10
11
12
13
14

15 Net increase in liabilities
16
Security RPs, net
17
Corporate bonds
18
Corporate equities
Security credit
19
20
From banks
Customer credit balances
21

22
23
24
25
26
27
28

Trade debt
Taxes payable
Miscellaneous liabilities
Fgn. direct invest. In US
Due to affiliates
Other
Proprietor net investment

29 Discrepancy

X

X

X

X
X

11.8

28.9
-17.0
6.5
0.1

-.3 29

F.132 Issuers of Asset-Backed Securities (ABSs)

1 Net acq. of financial assets
Agency securities (1)
2
Mortgages (2)
3
4
Home
5
Multifamily
6
Commercial
7
Consumer credit
8
Loans to business
9
Trade credit
10 Net increase in liabilities
Corporate bonds
11
12
Commercial paper

-

3.7
3.0
0.7

10.7
7.9
2.0
2.0
0.9

16.0
13.1
2.0
2.0
0.9

42.0
37.5
3.6
3.6
0.9

49.9
36.2
11.9
11.2
0.2
0.5
1.8

37.6
27.2
8.7
7.1
0.2
1.5
1.7

28.3
-6.1
11.0
8.5
0.1
2.5
21.6
0.6
1.2

52.3
6.7
10.9
10.0
0.3
0.7
29.7
3.8
1.2

51.0
-13.9
34.9
30.7
3.0
1.3
24.8
3.0
2.1

56.3
-26.4
59.3
48. 0
2.6
8.7
18.1
2.8
2.5

-

3.7
3.0
0.7

10.7
9.9
0.9

16.0
15.1
0.9

42.0
41.2
0.9

49.9
48.1
1.8

37.6
35.9
1.7

28.3
19.4
8.9

52.3
36.6
15.7

51.0
43.7
7.3

56.3
47.7
8.6

81.5 10
76.9 11
4.6 12

16.1
-1.0

1.6
-1.1
-.1
-.2
-.9
0.1

1
2
3
4
5
6

9.5
1.2
0.3
0.9
12.9
-1.1
-.3
-3.2

7
8
9
10
11
12
13
14

81.5
16.5
44.7
32. 0
2.4
10.3
9.3
9.7
1.3

1
2
3
4
5
6
7
8
9

(1) Includes federally related mortgage pool securities backing
privately issued CMOs.
Includes mortgages backing privately Issued pool securities
and privately issued CMOs.

(2)

F.133 Bank Personal Trusts and Estates (3)

1 Net acq. of financial assets
Deposits
2
Checkable dep. and curr.
3
4
Small time and svgs.dep.
5
Large time deposits
6
Money market fund shares

-1.9
1.7
-.4
0.1
0.7
1.3

3.2
-1.4
-.5
0.2
1.1
-2.2

15.1
3.5
0.3
O.i
0.5
2.6

10.2
5.9
-.6
0.3
1.7
4.5

18.1
7.0
0.8
0.4
2.1
3.6

13.2
2.5
-.8
0.5
2.6
0.2

2.2
5.9
0.1
0.4
2.2
3.2

19.6
3.3
-.1
0.1
0.7
2.6

29.7
3.9
0.1
0.2
3.6

-.7
-3.8
3.6

-7.1
-5.7
-.1
-.8
-4.4
-.3

15.9
8.3
4.8
3.5
7.7
0.2
0.1
-.5

10.0
2.9
1.7
1.2
9.2
3.4
-.1
-5.2

8.0
-1.6
-.8
-.8
6.1
6.2
-.2
-2.5

9.7
0.5
-.4

13.5
-8.6
2.2

25.8
-37.0
1.8

7
8
9
10
11
12
13
14

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate 2 foreign bonds
Mortgages
Open market paper

3.6
0.2
0.3
-.1
1.6
-1.4
0.2
3.1

9.1
3.8
1.6
2.2
4.6
-.3
0.7
0.3

13.7
5.4
4.2
1.2
4.1
-.2
-.5
4.9

9.7
3.5
1.1
2.4
8.4
0.1
*
-2.2

18.5
1.5
0.7
0.8
8.6
4.9
-.5
4.1

12.5
5.6
3.2
2.4
6.2
4.5
-.8
-3.1

13.9
7.9
4.5
3.4
2.8
-.5
3.8

19.7
5.0
2.8
2.2
7.1
2.5
0.4
4.7

15
16
17

Mutual fund shares
Corporate equities
Miscellaneous assets

1.0
-8.2
0.1

1.1
-5.9
0.3

2.6
-4.9
0.1

6.4
-12.8
0.9

24.6
-31.7
-.3

1.7
-4.8
1.2

-12.3
-5.2
-.1

0.4
-5.2
1.4

(3)

Includes personal trusts and estates administered by
nondeposit nonlnsured trust companies.

BILLIONS OF DOLLARS.




X

x

X

44.9 15
-55.2 16
3.5 17

DECEMBER 7, 1994
Other Finance, Continued

Other Finance, Continued
F.130-F.133 Other Financial Institutions, Continued
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1991 I
IV
I

1992
I

II

III

IV

I
I

1993
I

II

IV

III

I
I

I

1994
II

III

F.130 Real Estate Investment Trusts (REITs)

1
2
3

0.3
1.5
0.2

0.5
1.8
0.2

O.S
0.7
0.1

0.6
2.0
0.2

0.4
10.7
1.2

2.0
2.7
0.3

2.0
2.2
0.2

2.1
8.9
1.0

2.1
8.6
1.0

2.2
5.7
0.6

2.2
8.3
0.9

2.3 Gross saving
5.7 Fixed nonres. investment
0.6 Multifamily resid. invest.

1
2
3

4
5
6

5.7
-.9
6.6

-.6
-.7
«

1.9
2.6
-.7

-1.4
-.3
-1.1

-.5
2.6
-3.2

-3.5
0.2
-3.7

9.9
0.8
9.1

3.7
1.0
2.7

4.3
0.2
4.0

1.0
0.7
0.3

1.1
0.7
0.4

1.0 Net acq. of financial assets
0.7
Mortgages
0.3
Miscellaneous assets

4
5
6

7
8
9
10
11
12
13
14

9.1
1.7
2.9
0.9
0.7
1.5
-.1

-.9
1.6
1.2
3.2
0.9
0.6
1.8
-.2

2.0
1.9
-.1
1.3
0.1
0.6
0.6
K

1.7
2.0
1.4
2.3
0.4
0.5
1.3
*

16.1
2.0
5.4
-5.6
0.9
2.3
-8.8
0.1

5.5
2.1
10.1
0.4
1.4
0.4
-.6
-.8

22.5
2.4
15.5
1.3
1.4
0.5
-.1
-.6

24.3
2.3
15.6
6.0
6.2
-.1
-.2
0.1

21.2
1.8
10.S
6.2
5.5
0.7
0.1

13.7
1.3
13.3
1.2
0.2
0.8
0.2
X

17.2
1.0
13.1
2.2
0.6
1.1
0,4
0.2

15

4.4

-6.8

-1.2

-4.0

14.2

-7.1

3.4

0.5

2.7

-2.2

0.8

16

2.0

-l.S

-.2

1.4

5.0

8.0

12.2

12.7

9.6

8.4

9.0

4.9 Discrepancy

-.4 Gross saving
1.0 Fixed nonres. investment

10.0 Net Increase in liabilities
Security RPs
0.5
9.5
Corporate equities
2.3
Credit market instruments
Mortgages
0.1
1.4
Corporate bonds
Bank loans n.e.c.
0.5
0.2
Open market paper

-2.3

Miscellaneous liabilities

7
8
9
10
11
12
13
14
15
16

F.131 Security Brokers and Dealers

1
2

-1.3
0.5

-.5
0.5

-1.5
0.6

-1.2
0.6

-2.4
0.6

-1.0
0.7

-.9
0.8

-.8
0.8

-.7
0.8

-.6
1.0

-.5
1.0

3
4
5

97.5
4.5
-.2

-40.1
-.9
-8.8

79.5
1.4
2.2

213.5
1.4
-4.3

-94.4
-1.2
8.4

105.6
2.9
2.6

74.7
-.9
13.9

91.8
0.8
7.0

54.6
5.1
8.6

0.6
10.0
-7.6

-1.2
-2.7
-5.6

6
7
8
9
10
11
12
13
14

-1.2
-15.4
-12.9
-2.5
4.1
13.6
-3.3
40.0
54.4

-62.7
-70.1
-84.4
14.4
-6.3
15.3
-1.5
-15.4
47.6

107.6
74.7
39.1
35.6
9.0
11.6
12.4
20.4
-52.1

40.6
3.1
20.9
-17.8
-3.0
42.4
-1.9
-2.0
177.8

-113.1
-73.1
-36.8
-36.3
7.8
-29.3
-18.4
-10.3
21.9

75.2
39.1
-4.3
43.4
-5.6
36.0
5.7
23.4
1.5

52.5
27.3
-16.2
43.5
17.8
4.6
2.8
-1.5
10.6

-7.8
-48.3
- 139.7
91.4
-.5
43.0
-2.0
31.5
60.3

-82.8
-94.7
-20.1
-74.5
11.7
5.2
-5.0
37.2
86.5

-56.1
-47.2
-69.4
22.2
-16.2
15.8
-8.5
2.2
52.1

-52.6
-42.1
-72.9
30.8
-2.3
-38.2
30.0
-3.0
62.7

-14.4
13.5
-6.6
20.1
-.4
-3.8
-23.7
-14.0
42.6

15
16
17
18
19
20
21

99.6
20.2
3.2
-5.5
73.6
73.5

-39.3
-13.3
2.9
-1.8
-46.3
14.7
-61.0

81.9
70.9
13.5
-.6
-24.1
2.6
-26.7

215.4
115.7
-1.6
0.2
84.4
32.8
51.7

-91.4
-107.8
-4.0
-7.1
9.9
17.7
-7.7

107.4
90.6
-9.5
-4.5
21.4
-19.7
41.1

76.5
0.2
13.7
0.1
41.4
40.1
1.3

91.9
-1.5
14.6
4.3
45.1
-6.2
51.3

56.4
-32.0
29.3
6.8
49.3
36.4
12.8

2.2
-77.0
-9.9
1.9
27.5
-3.0
30.6

0.8
30.9
0.3
4.2
-14.3
-20.1
5.8

11.4 Net increase in liabilities
54.5
Security RPs, net
-7.6
Corporate bonds
l.S
Corporate equities
-48.4
Security credit
-29.1
From banks
Customer credit balances
-19.3

15
16
17
18
19
20
21

22
23
24
25
26
27
28

2.3
0.7
-4.2
-.3
-36.5
32.7
9.5

-3.1
0.1
22.4
0.3
6.8
15.4
-.3

1.7
0.1
13.0
0.6
55.5
-43.0
7.4

0.5
0.3
9.4
26.7
-17.2
6.4

3.3
-.6
2.5
-1.0
26.5
-23.1
12.4

2.8
0.9
-8.2
0.2
17.7
-26.1
13.9

7.3
N
10.7
0.3
21.5
-11.1
3.0

2.0
1.5
10.8
0.1
7.1
3.6
15.1

-1.5
-.1
7.4
1.0
60.2
-53.9
-2.8

8.7
0.1
53.5
2.0
77.5
-26.1
-2.6

-9.1
-.3
-4.5
0.1
-3.0
-1.6
-6.4

l.l
0.2
12.0
1.5
25.0
-14.5
-2.1

22
23
24
25
26
27
28

29

0.3

-.2

0.4

0.1

0.1

-1.4

0.3

«

K

X

K

0.5

9.6 Net acq. of financial assets
-2.8
Checkable dep. and currency
-1.8
Corporate equities
Credit market instruments
U.S. govt, securities
Treasury
Agency
Tax-exempt securities
Corporate 8 foreign bonds
Open market paper
Security credit
Miscellaneous assets

Trade debt
Taxes payable
Miscellaneous liabilities
Fgn. direct invest, in US
Due to affiliates
Other
Proprietor net investment

O.S Discrepancy

1
2
3
4
5

6
7
8
9
10
11
12
13
14

29

F.132 Issuers of Asset-•Backed Securities (ABSs)

1
2
3
4
5
6
7
8
9

49.8
-23.6
41.7
33.9
7.0
0.8
24.8
4.6
2.3

42.9
-31.3
59.6
46.4
4.0
9.2
14.8
-2.5
2.3

50.7
-22.7
53.1
40.4
4.4
8.3
14.6
5.9
-.2

64.0
-30.2
76.5
69.2
7.3
16.4
-1.0
2.4

67.7
-21.6
48.1
36.0
2.0
10.1
26.6
8.9
5.6

62.0
11.9
35.5
20.0
1.4
14. 1
-2.1
16.1
0.5

60.5
15.5
38.6
32.0
3.0
3.6
-3.1
8.3
1.1

85.8
17.1
59.6
52.0
2.3
5.3
17.4
-5.6
-2.8

117.6
21.5
45.0
24.0
2.8
18.1
24.8
19.8
6.5

81.8
20.2
61.9
52.0
2.0
7.9
-10.3
9.2
0.8

4.0
-34.3
36.8
10.0
9.2
17.6
7.2
-3.6
-2.2

10
11
12

49.8
41.9
7.9

42.9
35.1
7.8

50.7
51.3
-.6

64.0
55.9
8.2

67.7
48.5
19.2

62.0
60.2
1.7

60.5
56.6
3.9

85.8
95.4
-9.6

117.6
95.3
22.3

81.8
88.8
-7.0

4.0
11.6
-7.6

22.3 Net acq. of financial assets
-20.8
Agency securities (1)
32.3
Mortgages (2)
Home
11.2
Multifamily
9.5
11.6
Commercial
6.0
Consumer credit
0.1
Loans to business
4.8
Trade credit

1
2
3
4
5
6
7
8
9

22.3 Net increase in liabilities
5.9
Corporate bonds
16.4
Commercial paper

10
11
12

(1) Includes federally related mortgage pool securities backing
privately issued CMOs.
(2) Includes mortgages backing privately issued pool securities
and privately Issued CMOs.

F.133 3ank Personal Trusts and Estates (3)

-.8
-4.3
2.4

-.3
-4.5
-.1
-.8
-4.4
0.9

-10.2
-6.8
-.2
-1.0
-5.0
-.7

-12.0
-6.8
-.2
-.9
-4.7
-1.1

-6.0
-4.6
-.1
-.6
-3.3
-.5

-4.2
-2.5
-.1
-.4
-2.0
K

-7.2
-.8
-.1
-.1
-.7
0.1

0.1
-.2
-.1
*
-.2
0.2

17.6
-.8
-.1
-.1
-.7
0.1

15.4
-1. 0
-.1
-.2
-.8
0.1

-15.5
-.9
-.1
-.2
-.8
0.1

7
8
9
10
11
12
13
14

8.9
1.1
0.7
0.4
8.3
4.4
-.2
-4.7

8.6
-.3
M
-.3
6.6
5.7
-.2
-3.3

7.6
-2.4
-1.2
-1.3
4.6
7.7
-.2
-2.2

7.5
-2.6
-1.4
-1.3
5.1
7.2
-.2
-1.9

8.3
-1.1
-.6
-.4
8.0
4.1
-.2
-2.6

9.1
0.5
0.5
10.7
1.2
-.2
-3.0

10.0
1.9
0.5
1.3
13.1
-1.4
-.3
-3.4

9.9
1.9
0.5
1.3
14.1
-2.4
-.3
-3.4

8.9
0.4
*
0.5
13.6
-1.8
-.3
-3.2

9.3
-.8
-.6
-.2
14.8
-1.6
-.2
-2.9

5.2
-1.9
-1.0
-.9
12.0
-1.9
-.2
-2.8

2.9
-2.2
-1.1
-1.1
10.0
-2.0
-.2
-2.7

15
16
17

17.8
-18.2
2.2

20.8
-27.0
1.8

23.0
-35.3
1.4

26.9
-41.1
1.6

32.5
-44.5
2.3

38.3
-52.0
2.9

44.1
-63.8
3.4

47.8
-61.1
3.7

49.6
-44.0
3.9

22.6
-19.6
4.1

22.7
-46.8
4.4

10.0
-10.0
4.7

1
2
3
4
5
6

7.9
-2.8

N

6.7 Net acq. of financial assets
-.9
Deposits
Checkable dep. and curr.
-.1
-.1
Small time and svgs.dep.
-.8
Large time deposits
0.1
Money market fund shares
Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate 8 foreign bonds
Mortgages
Open market paper

7
8
9
10
11
12
13
14

Mutual fund shares
Corporate equities
Miscellaneous assets

15
16
17

(3) Includes personal trusts and estates administered by
nondeposit noninsured trust companies.

BILLIONS OF DOLLARS.




1
2
3
4
5
6

DECEMBER 7, 1994
Monetary and Insurance Reserves

37

Monetary and Insurance Reserves

F.200-F.202 Foreign Exchange, Treasury Currency, and Insurance Reserves

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1985

1986

1987

1988

1991

1990

1989

1992

1993

F.200 Gold and Official Foreign Exchange Holdings (1)
1 Total U.S. reserves

5.0

1.2

3.1

3.9

-.3

-9.1

3.9

25.3

2.2

-5.8

-3.9

1.4

1

2 U.S. gold stock and SDRs
U.S. govt.:
Ex. Stab. Fund
3
4
Monetary authority (2)

1.4
1.4
x

0.1
0.1

1.0
1.0

0.9
0.9

0.2
0.3

0.5
0.5

-.1
-.1

0.5
0.5

0.2
0.2

0.2
0.2

-2.3
-2.3

0.5
0.5

X

2
3
4

5 U.S. foreign exchange position
Official fgn.currency hldgs.
6
Treasury
7
Monetary authority
8

3.6
1.0
0.5
0.5

1.1
-3.3
-1.7
-1.7

2.2
1.2
0.6
0.6

3.0
3.9
1.9
1.9

-.6
0.9
0.5
0.5

-9.7
-3.8
-3.8

4.0
5.1
2.5
2.5

24.8
25.2
12.6
12.6

2.0
2.7
1.3
1.3

-5.9
-6.3
-3.2
-3.2

-1.6
-4.3
-2.1
-2.1

0.8
0.8
0.4
0.4

5
6
7
8

2.6
2.5

4.4
4.5

1.0
1.0

-.9
-.9

-1.5
-1.5

-2.1
-2.1

-1.0
-1.0

-.5
-.5
-

-.7
-.7

0.4
0.4

2.7
2.7

9
10
11

Net IMF oosition
U.S. government
Monetary authority

X

X

x

X

X

X

X

X

X

X

-7.6

X

X

X

X

X

X

X

X

X

X

X
X

9
0.1 10
11

(11 Lines 1, 2, and 3 exclude increas es in SDRs through allocations, which
have occurred at various d3tes beginning January 1970.
Transactions
in SDRs are included.
Also excluded from the tabla are revaluations of
foreign currency holdings, gold, SDRs, and IMF position.
Allocations
and revaluations are included in tables on outstandings.
(2) Treasury gold stock.
F.201 SDR Certificates and Treasury Currency

SDR certificates:
1 Liab.:
U.S. government
2 Asset: Monetary authority

1.3
1.3

-

-

0.1
0.1

0.3
0.3

-

-

3.5
3.5

1.5
1.5

-

Treasury currency:
3 Liab.:
U.S. government
4 Asset:
Monetary authority
5 Discrepancy (seigniorage)

0.4
0.6
-.2

0.5
0.7
-.2

0.6
0.7
-.1

0.4
0.6
-.2

0.5
0.5
*

0.5
0.6
-.1

0.5
0.6
-.1

0.6
0.8
-.2

1.0
0.8
0.2

0.7
-.6

X

-

1
2

0.2
0.4
-.2

0.4
0.6
-.2

3
4
5

-2.0
-2.0

F.202 Insurance and Pension Fund Reserves

Life insurance reserves:
1 Net change in liabilities
2
U.S. government
Life insurance companies
3

7.2
0.2
7.0

8.0
0.2
7.8

5.2
0.2
5.0

10.7
0.3
10.4

17.5
0.3
17.2

26.0
0.3
25.7

25.3
0.3
24.9

28.3
0.3
28.4

25.7
0.4
25.3

25.7
0.1
25.6

27.3
-.4
27.7

35.2
-.5
35.7

1
2
3

4 Net change in assets (HH)

7.2

8.0

5.2

10.7

17.5

26.0

25.3

23.8

25.7

25.7

27.3

35.2

4

5 Net change in liabilities
6
U.S. government
Insurance sector
7
8
Life insurance companies
9
Private pension funds
10
St.aioc. govt. rtr. funds

170.9
11.7
159.2
39.7
87.8
31.7

168.2
14.1
154.1
38.3
80.2
35.1

157.2
18.0
139.3
46.7
47.3
45.3

271.7
18.8
252.9
63.4
136.2
53.4

289.1
20.8
268.3
82.5
114.1
71.7

201.3
18.9
182.5
62.7
60.0
59.3

132.3
19.6
112.6
85.0
-28.4
56.0

321.2
20.3
300.4
77.8
142.4
30.1

165.1
21.7
143.5
34.4
-10.9
70.0

360.3
25.5
334.8
81.1
192.5
61.2

249.7
27.5
222.2
75.2
75.0
72.0

304.7 5
27.6
6
277.1
7
102.0 8
92.4 9
82.7 10

ll Net change in assets (HH)

170.9

168.2

157.2

271.7

289.1

201.3

132.3

321.2

165.1

360.3

249.7

304.7 11

Pension fund reserves:

BILLIONS OF DOLLARS




DECEMBER 7, 1994
Monetary and Insurance Reserves

Monetary and Insurance Reserves

F.200-F .202 Foreign Exchange!, Treasury Currency , and Insurance Reserves

1991
IV

1
i

1992
I

II

^8

SEASONALLY ADJUSTED ANNUAL RAT ES

SEASONALLY ADJUSTED ANNUAL RATES
Ill

IV

1
<

1993
I

II

III

IV

1
1

I

1994
II

III

F.,200 Gold and Official Fore ign Exchange Holdings (1)

1

-4.9

4.2

-5.9

-7.8

-6.2

3.9

-3.3

2.2

2.7

0.2

-10.8

2
3
4

0.1
0.1

0.7
0.7

0.7
0.7

0.7
0.7

11.3
11.3

0.6
0.6

0.7
0.7

0.5
0.5

0.4
0.4

X

0.5
0.5
-

X

X

0.4
0.4
-

5
6
7
8

-5.0
-4.9
-2.5
-2.5

3.5
4.0
2.0
2.0

-6.5
-6.5
-3.3
-3.3

-8.5
-9.0
-4.5
-4.5

5.1
-5.6
-2.8
-2.8

3.4
2.5
1.2
1.2

-4.0
-2.7
-1.4
-1.3

1.7
1.5
0.8
0.8

2.2
1.9
1.0
1.0

-.2
-.2
-.1
-.1

-11.2
-10.2
-5.1
-5.1

9
10
11

-.1
-.1

-.4
-.4
*

0.5
0.5

10.7
10.8
-.1

0.9
0.9

-1.3
-1.2

0.2
0.2

0.3
0.3

X
-

-1.0
-1.0

X

X

X

X
X
X

X

X

X

X

X

X

X

X

X

-.2 Total U.S. reserves

1

0.4 U.S. gold stock and SDRs
0.4
U.S. govt.:
Ex. Stab. Fund
X
Monetary authority (2)

2
3
4

-.6 U.S. foreign exchange position
Official fgn.currency hldgs.
0.5
0.2
Treasury
0.2
Monetary authority

5
6
7
8

-1.1
-1.1

X

Net IMF^ position
U.S. government
Monetary authority

9
10
11

(1) Lines 1, 2, and 3 exclude increases in SDRs through allocations, which
have occurred at various dates beginning January 1970.
Transactions
in SDRs are included. Also excluded from the table are revaluations of
foreign currency holdings, gold, SDRs, and IMF position.
Allocations
and revaluations are included in tables on outstandings.
(2) Treasury gold stock.

F.201 SDR Certificates and Treasury Currency

1
2

-

-

-

-

3
4
5

0.5
0.7
-.1

0.1
0.3
-.3

0.3
0.5
-.2

0.2
0.3
-.2

-8.0
-8.0

0.3
0.4
-.1

SDR certificates:
Liab.:
U.S. government
Asset: Monetary authority

1
2

0.6
0.8
-.2

Treasury currency:
0.8 Liab.:
U.S. government
0.8 Asset: Monetary authority
X Discrepancy (seigniorage)

3
4
5

-

-

-

-

-

-

0.3
0.5
-.2

0.4
0.5
-.2

0.4
0.6
-.2

0.7
0.9
-.2

0.7
0.9
-.2

-

F.202 Insurance and Pension Fund Reserves

Life insurance reserves:
1
2
3

19.2
-.1
19.3

29.6
-.2
29.9

15.6
-.4
16.0

37.5
-.5
38.0

26.3
-.6
26.9

38.6
-.5
39.1

35.3
-.5
35.8

46.6
-.5
47.1

20.5
-.4
20.9

20.0
-.4
20.3

8.1
-.3
8.5

23.8 Net change in liabilities
-.3
U.S. government
Life insurance companies
24.1

1
2
3

4

19.2

29.6

15.6

37.5

26.3

38.6

35.3

46.6

20.5

20.0

8.1

23.8 Net change in assets (HH)

4

5
6
7
8
9
10

415.5
26.7
388.8
71.6
272.0
45.2

180.3
24.6
155.8
61.1
2.1
92.6

233.4
27.4
206.0
78.0
73.9
54.1

317.1
29.1
287.9
72.0
122.3
93.6

267.9
28.8
239.2
89.8
101.7
47.7

331.7
23.2
308.5
89.8
190.6
28.1

333.7
28.9
304.8
119.5
81.4
103.9

359.9
29.3
330.1
117.6
137.3
75.1

193.6
23.5
165.0
81.2
-39.8
123.6

-18.8
23.9
-42.7
76.3
-194.1
75.1

64.3
28.4
35.9
53.8
-108.3
90.3

11

415.5

180.3

233.4

317.1

267.9

331.7

333.7

359.9

193.6

-18.8

64.3

Pension fund reserves:

BILLIONS OF DOLLARS.




197.8 Net change in liabilities
28.8
U.S. government
169.0
Insurance sector
70.5
Life insurance companies
6.7
Private pension funds
91 .8
St.Sloc. govt. rtr. funds

5
6
7
8
9
10

197.8 Net change In assets (HH)

11

DECEMBER 7, 1994
Interbank Claims

Interbank Claims

F.203 Net Interbank Claims

39
ANNUAL FLOWS

ANNUAL FLOWS

1 Net chanse in liabilities
Monetary authority
2
3
Depository inst. reserves
4
Vault cash

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

-2.4
2.2
1.3
0.9

-3.3
-3.6
-5.0
1.5

13.9
3.6
0.4
3.2

29.7
8.1
6.8
1.3

31.2
19.6
19.5
0.1

45.4
-7.1
-6.3
-.8

2.0
0.3
-2.4
2.7

-16.2
-2.7
-3.8
1.1

35.4
7.0
3.1
3.9

-3.9
-8.2
-9.2
1.0

61.7
0.9
2.7
-1.7

42.1
3.7
2.9
0.8

60.8
2.7
62.9
61.2

1
2
3
4

5
6
7
8
9
10
11

Commercial banking
To monetary authority
To banks in fgn. entries.
Liabilities, net
U.S.-chartered banks
Due to fgn. affils.
-Due from fgn.affils.

-4.6
0.1
-3.5
7.0
-15.7
-2.7
12.9

0.3
-1.0
12.2
10.3
6.4
8.5
2.0

10.3
2.0
2.8
-.1
-5.8
0.9
6.7

21.5
-.4
16.6
11.9
8.5
10.3
1.8

11.7
-1.2
15.7
14.6
-3.6
-5.1
-1.5

52.5
1.8
54.7
52.6
26.4
12.0
-14.4

1.7
-1.2
5.9
5.5
2.2
12.1
9.9

-13.5
-1.9
-7.2
-9.1
-7.7
-9.7
-2.0

28.4
1.2
25.6
25.2
16.7
14.9
-1.8

4.4
-1.5
-20.3
-17.5
-5.7
7.4
13.1

-10.7
-10.7

38.4 5
-2.9 6
37.1 7
37.8 8
11.2 9
-.6 10
-11.8 11

12
13
14

Bank holding companies
Due to fgn. affil.
-Due from fgn. affil.

-2.2
0.3
2.5

-3.1
0.7
3.8

-.6
0.8
1.4

-.5
-1.1
-.6

1.3
1.2
-.1

3.5
0.9
-2.6

1.7
4.7
3.0

1.8
-2.2
-4.0

0.4
0.5
0.1

-6.1
-2.2
3.9

6.0
1.0
-5.0

-3.5 12
-3.8 13
-.3 14

15
16
17

Fgn. bkg. off. in U.S.
Due to fgn. affil.
-Due from fgn. affil.

24.8
-6.3
-31.1

7.0
5.3
-1.7

6.3
-.9
-7.2

3.9
7.4
3.5

16.9
18.7
1.8

22.8
13.0
-9.7

1.5
0.3
-1.2

-3.2
-13.2
-10.0

8.1
7.9
-.2

-5.7
5.4
11.1

55.2
9.5
-45.7

30.1 15
-1.6 16
-31.6 17

18
19
20

Less: Dep. at fgn. banks
U.S.-chartered banks
Fgn. bkg. off. in U.S.

10.5
10.3
0.2

-1.8
-1.3
-.6

-2.9
-4.6
1.7

-4.7
-2.0
-2.7

-1.1
-1.0
-.1

-2.0
-1.9
-.2

-.4
-.2
-.2

-1.9
-2.3
0.4

-.5
-.7
0.3

2.8
2.9
-.1

-1.7
-1.7

0.7 18
0.7 19
* 20

21
22
23
24
25
26

-1.1
-2.0
-6.5
1.7
-7.1
-1.1

-10.9
-.1
-5.9
6.7
-1.7
-10.9

5.5
4.6

5.3
-1.7
6.9
0.3
1.3
5.3

-2.8
-.9
4.7
0.2
7.3
-2.8

-4.0
2.2
3.2
-1.9
9.1
-4.0

-3.0
0.1
4.3
0.3
7.0
-3.0

-4.4
-14.0
3.6
0.1
7.9
-4.4

1.6
-9.9
-7.6
-14.4
5.2
1.6

26.2
17.9
8.4
-2.2
-15.6
26.2

-4.9
14.6
-10.6
-.9
-4.8
-4.9

27
28

To U.S. banking, net
U.S.-chartered banks
Liabilities
To bank holding cos.
To fgn. off. in U.S.
Unallocated
Less, due from:
Fgn. offices in U.S.
Bank holding cos.

-4.7
0.2

-5.4
-.4

-4.7

6.3
2.2

6.1
-.5

1.2
-.2

9.2
-5.0

16.3
1.3

5.7
-3.4

-8.1
-1.4

-21.8
-3.4

-10.5 27
4.6 28

29
30
31

Bank holding companies
Due to U.S. banks
-Due from U.S. banks

-1.5
0.2
1.7

-7.1
-.4
6.7

2.5

-2.5

2.0
2.2
0.3

-.7
-.5
0.2

1.8
-.2
-1.9

-5.4
-5.0
0.3

1.2
1.3
0.1

11.0
-3.4
-14.4

0.8
-1.4
-2.2

-2.5
-3.4
-.9

4.7 29
4.6 30
-.1 31

32
33
34

Fgn. bkg. off. in U.S.
Due to U.S. banks
-Due from U.S. banks

2.3
-4.7
-7.1

-3.8
-5.4
-1.7

-1.5
-4.7
-3.1

5.0
6.3
1.3

-1.2
6.1
7.3

-7.9
1.2
9.1

2.3
9.2
7.0

3.4
16.3
7.9

0.4
5.7
5.2

7.5
-8.1
-15.6

-17.0
-21.8
-4.8

-12.3 32
-10.5 33
1.9 34

-1.2
-3.5
2.3
0.1
1.0
-.9

7.6
12.2
-4.6
-1.0
-1.2
0.2

8.4
2.8
5.6
2.0
-.7
2.7

24.4
16.6
7.7
-.4
0.1
-.5

34.1
15.7
18.4
-1.2
0.3
-1.5

49.3
54.7
-5.3
1.8
-.5
2.3

5.0
5.9
-.9
-1.2
0.5
-1.6

-11.8
-7.2
-4.6
-1.9
-.2
-1.7

33.8
25.6
8.2
1.2
1.5
-.3

-30.1
-20.3
-9.7
-1.5
-1.5

X

66.6
62.9
3.6
2.7
2.2
0.5

1.9
1.0
0.9

-4.5
-6.0
1.5

2.8
-.5
3.2

6.4
5.1
1.3

17.9
17.8
0.1

-6.4
-5.6
-.8

-.1
-2.8
2.7

-1.9
-3.0
1.1

8.1
4.2
3.9

-7.8
-8.8
1.0

0.8
2.5
-1.7

0.3

1.0

0.9

1.7

1.7

-.7

0.4

-.8

-1.1

-.5

0.1

0.4 44

-1.1

-10.9

5.5

5.3

-2.8

-4.0

-3.0

-4.4

1.6

26.2

-4.9

4.2 45

35 Net change in assets
36
Rest of the world
37
Domestic
38
Monetary authority
39
Federal Reserve float
40
Loans to memoer banks
41
42
43

Commercial banking
Reserves at F.R.
Vault cash

44

Thrifts: Reserves at F.R.

45 Discrepancy:

Floats, etc.

BILLIONS OF DOLLARS.




X

-2.5
-3.1
5.5

X

X

«

X

4.2
11.9
6.0
-.1
1.9
4.2

37.9
37.1
0.7
-2.9
-2.3
-.6

21
22
23
24
25
26

35
36
37
38
39
40

3.3 41
2.5 42
0.8 43

DECEMBER 7, 1994
Interbank Claims

Interbank Claims
F.203 Net Interbank Claims
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1991 1
IV 1

1992
I

II

III

IV

1
|

1993
I

II

III

IV

1
1

I

1994
II

III

1
2
3
4

-35.8
2.9
-1.0
3.8

87.0
6.5
3.3
3. 1

130.9
-11.7
-11.0
-.7

43.2
8.4
10:3
-1.9

-14.4
0.5
6.O'
-7.5

63.8
27.2
12.7
14.5

130.2
-4.8
-9.2
4.4

-7.6
-8.9
-2.7
-6.2

-18.1
1.2
10.7
-9.5

150.8
19.6
5.2
14.4

195.7
21.1
11.4
9.7

-44.5 Net change in liabilities
-44.3
Monetary authority
Depository inst. reserves
-26.5
-17.8
Vault cash

5
6
7
a
9
10
11

-38.6
2.6
-54.0
-47.1
-18.5
-1.9
16.6

80.5
-2.7
82.1
83.0
13.6
45.0
31.3

142.6
2.5
153.2
148.5
-6.7
-19.8
-13.1

34.8
-3.2
40.0
39.0
38.0
-49.0
-87.1

-14.9
14.2
-23.5
-25.6
-45.0
-18.9
26.1

36.6
-11.4
45.2
41.6
9.4
20.5
11.1

135.1
2.7
131.9
132.5
13.5
-10.0
-23.4

1.3
8.3
3.4
2.9
18.0
1.8
-16.2

-19.3
-11.3
-32:i
-25.8
4.0
-14.6
-18.7

131.2
-.4
160.7
160.1
59.8
51.3
-8.5

174.5
2.6
i'66.6
158.8
86.5
64.0
-22.6

-.2
-3.5
-8.1
-5.7
65.4
14.0
-51.5

5
Commercial banking
To monetary authority
6
7
To banks in fgn. entries.
8
Liabilities, net
U.S.-chartered banks
9
Due to fgn. affils. 10
-Due from fgn.affils. 11

12
13
14

-14.6
-2.2
12.4

-17.5
-.9
16.5

17.2
1.8
-15.4

9.0
1.2
-7.8

15.3
2.0
-13.2

-23.3
-.2
23.1

18.0
-5.6
-23.5

-8.2
-1.1
7.2

-.5
-8.2
-7.7

-2.6
1.0
3.7

-18.7
0.4
19.1

12.8
1.3
-11.5

Bank holding companies 12
Due to fgn. affil.
13
-Due from fgn. affil. 14

15
16
17

-14.1
8.8
22.8

86.9
24.8
-62.0

138.0
16.5
-121.5

-8.1
-7.5
0.6

4.1
4.1
M

55.4
-6.2
-61.6

101.1
1.4
-99.7

-6.9
8.5
15.4

-29.4
-9.9
19.5

102.9
64.0
-38.9

91.0
-17.5
-108.5

-83.8
-17.1
66.7

Fgn. bkg. off. in U.S. 15
Due to fgn. affil.
16
-Due from fgn. affil. 17

18
19
20

6.9
9.8
-2.9

1.0
1.6
-.7

-4.7
-6.3
1.6

-1.0
-2.6
1.6

-2.0
0.6
-2.6

-3.7
-4.9
1.3

0.7
-.1
0.8

-.5
3.0
-3.5

6.3
4.7
1.6

-.6
0.3
-.9

-7.7
-8.1
0.4

2.4
3.1
-.7

Less: Dep. at fgn. banks 18
U.S.-chartered banks
19
Fgn. bkg. off. in U.S. 20

21
22
23
24
25
26

12.8
35. 1
17.3
-2.4
6.9
12.8

1.2
-2.2
-11.7
5.5
-18.4
1.2

-13.1
41.2
4.0
-3.6
20.8
-13.1

-2.0
16.4
-4.3
-1.8
-.5
-2.0

-5.5
3.1
-30.3
-3.7
-21.1
-5.5

2.7
0.7
-2.4
-1.8
-3.3
2.7

0.5
28.4
13.2
1.3
11.3
0.5

-10.4
-4.3
-12.9
2.9
-5.4
-10.4

24.0
22.5
26.0
-2.8
4.8
24.0

-29.1
-42.7
-49.1
-1.5
-18.4
-29.1

5.3
57.1
35.7
0.2
30.1
5.3

11.4
-4. 0
0.5
0.1
-11.0
11.4

27
28

-13.8
-4.0

-8.4
-1.1

-33.9
-3.3

-13.9
-1.8

-26.0
-7.4

-3.2
0.1

-21.3
6.0

-11.4
2.8

-6.1
9.6

-5.7
-.7

-26.9
5.6

29
30
31

-1.6
-4.0
-2.4

-6.6
-1.1
5.5

0.3
-3.3
-3.6

0.1
-1.8
-l.S

-3.7
-7.4
-3.7

1.9
0.1
-1.8

4.7
6.0
1.3

-.1
2.8
2.9

12.4
9.6
-2.8

0.9
-.7
-1.5

32
33
34

-20.7
-13.8
6.9

10.0
-8.4
-18.4

-54.7
-33.9
20.8

-18.4
-18.9
-.5

-4.9
-26.0
-21.1

0.1
-3.2
-3.3

-32.5
-21.3
11.3

-6.1
-11.4
-5.4

-10.9
-6.1
4.8

35
36
37
38
39
40

-48.6
-54.0
5.4
2.6
3. 0
-.4

85.8
82.1
3.7
-2.7
-2.1
-.7

144.1
153.2
-9.2
2.5
-2.7
5.2

45.2
40.0
5.2
-3.2
-.2
-3.0

-8.8
-23.5
14.7
14.2
13.9
0.3

61.1
45.2
15.8
-11.4
-11.7
0.3

129.7
131.9
-2.2
2.7
-.5
3.1

2.8
3.4
-.6
8.3
2.7
5.5

-42.1
-32.1
-10.0
-11.3

41
42
43

1.6
-2.2
3.3

5.7
2.6
3.1

-9.8
-9.1
-.7

7.9
9.8
-1.9

-.7
6.7
-7.5

28.1
13.5
14.5

-6.2
-10.6
4.4

-8.9
-2.7
-6.2

44

1.3

0.7

-1.9

0.5

1.3

-.9

1.4

45

12.8

1.2

-13.1

-2.0

-5.5

2.7

0.5

BILLICNS OF DOLLARS.




K

-10.4

1
2
3
4

21
22
23
24
25
26

5.5
-1.0

To U.S. banking, net
U.S.-chartered banks
Liabilities
To bank holding cos.
To fgn. off. in U.S.
Unallocated
Less, due from:
Fgn. offices in U.S.
Bank holding cos.

5.3
5.6
0.2

-1 . 1
-1. 0
0.1

Bank holding companies
Due to U.S. banks
-Due from U.S. banks

29
30
31

12.7
-5.7
-18.4

-57.0
-26.9
30.1

16.5
5.5
-11.0

Fgn. bkg. off. in U.S.
Due to U.S. banks
-Due from U.S. oanks

32
33
34

-11.3

179.9
160.7
19.2
-.4
-1.9
1.5

190.3
166.6
23.8
2.6
1.7
1.0

-55.8 Net change in assets
-8.1
Rest of the world
-47.8
Domestic
-3.5
Monetary authority
-2.7
Federal Reserve float
-.8
Loans to member banks

35
36
37
38
39
40

0.3
9.8
-9.5

20.4
6.0
14.4

21.3
11.6
9.7

-43.2
-25.5
-17.8

41
42
43

0.9

-.3

-.2

-1.0

24.0

-29.1

5.3

11.4 Discrepancy:

M

Commercial banking
Reserves at F.R.
Vauit cash
Thrifts: Reserves at F.R.

Floats, etc.

27
28

44

45

DECEMBER 7,
Deposits

1994

Deposits
F.204-F.206 Deposits

41

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1986

1985

1987

1988

1989

1990

1991

1992

1993

F.204 Checkable Deposits and Currency

1 Net change in liabilities

46.9

37.8

39.5

10.3
1.7

2
3
4
5

Monetary authority
U.S. govt, cash 8 deposits
Deposits due to foreign
Currency outside banks

10.2
0.7
-.2
9.7

13.0
-1.3
14.3

6
7
8
9

Commercial banking
U.S, government deposits
Deposits due to foreign
Private domestic deposits

19.3
6.1
-3.4
16.6

124.4

83.8

3.9

42.7

6.4

43.3

86.4

113.8

117.3

1

9.5
-2.4
0.2
11.7

25.2
2.8
-.2
22.6

29.2
8.8
0.6
19.8

17.6
-10.3
-.7
28.6

37.1
7.2
0.1
29.8

2
3
4
5

74.1
12.1
-.4
62.4

6
7
8
9

8.6

16.6
4.1
0.1
12.4

12.4
-1.9
-.2
14.4

16.7
-2.3
-.1
19.0

18.1
3.3
0.1
14.7

15.0
-5.3
1.6
18.8

28.7
4.0
2.1
22.6

54.2
10.3
1.4
42.6

94.5
1.7
2.9
90.0

-19.7
-5.8
-1.3
-12.6

17.1
7.3
-.6
10.4

-3.4
-3.4
-.1
0.1

21.4
5.3
-.1
16.1

37.7
5.5
-2.0
34.2

93.1
-5.9
2.3
96.7

8.3
6,5
1.8

11.5
9.2
2.3

7.9
6.4
1.5

13,0
9.9
3.1

17.5
17.1
0.4

7.0
5.3
1.7

7.5
6.8
0.8

0.2
-1.1
1.3

-3.3
-4.8
1.5

19.5
17.3
2.2

3.2
-1.4
4.5

6.1 10
4.4 11
1.7 12

13 Net change in assets

37.8

39.5

46.9

83.8

124.4

3.9

42.7

6.4

43.3

86.4

113.8

117.3 13

14
15
16
17
18
19
20
21

Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
State and local governments
U.S. government
Rest of the world

21.0
11.6
0.2
3.5
7.9
-1.6
6.4
-3.7

13.2
29.3
0.3
3.2
20.8
-.7
-8.3
1.6

-.9
34.2
0.2
4.8
29.1
5.0
5.3
2.1

16.9
38.6
0.7
11.5
26.5
1.1
13.0
1.5

87.9
29.1
1.1
6.0
22.0
2.5
0.4
2.7

-4.3
21.1
-.2
2.5
18.8
-.7
-8.1
-1.4

19.0
6.7
0.5
7.7
-1.5
3.0
9.0
-.5

-5.6
18.2
0.1
4.3
13.9
0.4
-14.2
0.2

5.4
8.0
0.4
-.5
8.1
-1.0
4.8
-.3

62.0
9.3
1.0
0.1
8.3
4.7
27.4
-1.4

123.8
-3.1
1.8
5.5
-10.4
3.1
-16.9
1.5

78.0
6.1
1.7
2.0
2.5
1.4
20.7
-.3

14
15
15
17
18
19
20
21

22
23
24
25
26
27
28
29
30
31
32
33
34
35

Financial sectors
Govt.-spons. enterprises
Commercial banking
Savings institutions
Credit unions
Life insurance companies
Other insurance companies
Private pension funds
St.Sloc. govt. rtr. funds
Finance companies
Mutual funds
Money market mutual funds
Brokers and dealers
Bank personal trusts

5.4
-.2
0.5
2.8
0.2
0.3

2.6
0.6
0.5
-1.2
0.4
0.7
0.5
0.6
0.6
0.2
0.4
-1.0
0.3
0.3

10.6
0.8
0.4
0.8
0.7
0.5
1.2
0.7
0.4
0.3
1.7
1.4
2.4
-.6

11.5
1.5
-.1
0.5
0.7
0.7
1.3
0.3
0.7
0.4
2.6
-.2
2.2
0.8

-3.0
-.1
-.8
-2.3
-.9
-.1
0.7
1.8
0.6
0.5
-.3
-1.4
-.8

3.1
-.6
0.8
0.2
-.3
-.1
-.5
-.4
0.8
0.3
1.0
1.9
0.1

1.2
-1.3
-.4
-.8
0.6
0.5
0.6
1.2
-1.2
1.0
1.3
-.6
0.4
-.1

14.5
-.2
-.1
-.3
-.1
0.5
0.1
1.5
1.1
0.2
11.3
0.5
0.1

-7.0
-.9
-.8
2.0
0.6
0.5
-1.1
-1.1
0.6
1.2
3.6
-11.6
-.1

3.1

14.0
0.9
-.3
3.1
-.1
0.3
-.4

-1.2
0.4
0.1
0.3
0.8
1.7
-.4

0.2
0.2
0.2
0.8
0.4
-.6
-.4
0.5
0.4
0.1
0.6
-.6
-.9
-.5

22
23
24
25
26
27
28
29
30
31
32
33
34
35

36

Mail float

-1.5

4.2

-1.4

2.1

-9.5

0.4

2.5

6.2

11.8

-8.6

2.2

10
11
12

Thrift institutions
Savings institutions
Credit unions

X

X

X

x

X

X

-.5
-.6
1.2
-.6
0.2
-.1
0.8
1.3
3.8
-2.5
0.2
-.1

X

0.7
0.4
6.0
1.5
2.0
-.1

-2.8 36

F.205 Small Time and Savings Deposits

139.6

216.6

151.3

142.6

129.4

77.1

122.8

98.7

63.7

1.5

-57.2

-70.3

1

2
3
4
5

Commercial banking
U.S,-chartered banks
Foreign banking off. in US
Banks in U.S.-aff. areas

97.3
96.4
0.9
0.1

130.9
130.8
-.9
0.9

75.1
74.6
0.5

X

81.8
80.3
1.1
0.3

74.3
71.6
2.2
0.5

27.9
27.4
0.6
-.1

74.0
73.1
0.5
0.3

100.7
96.5
3.7
0.5

123.0
121.9
-1.0
2.1

78.9
80.0
-.1
-1.0

2.7
2.1
0.2
0.4

-11.9
-10.9
-.8
-.2

2
3
4
5

6
7
8

Thrift institutions
Savings institutions
Credit unions

42.3
34.1
8.2

85.8
73.1
12.6

76.2
64.9
11.3

60.8
41.4
19.4

55.2
29.0
26.1

49.2
37.9
11.4

48.9
37.6
11.3

-2.0
-6.2
4.2

-59.3
-73.7
14.4

-77.4
-94.9
17.5

-60.0
-75.5
15.5

-58.4
-63.1
9.8

6
7
8

139.6

216.6

151.3

142.6

129.4

77.1

122.8

98.7

63.7

1.5

-57.2

-70.3

9

122.5
4.8
2.0
2.8
1.5
0.5
4.9
5.3
0.1

187.2
11.1
8.2
2.9
5.3
-.5
3.2
10.0
0.2

138.2
8.9
8.0
0.9
-2.6
0.5
-.7
6.9
0.1

115.3
8.4
6.9
1.5
-5.4

98.6
8.0
6.7
1.3
0.2
0.2
6.6
15.4
0.4

52.5
-.4
-1.1
0.7
9.2
0.2
0.2
14.9
0.5

93.9
8.1
5.5
2.5
7.1
-.2
-2.7
16.2
0.4

64.0
4.7
5.1
-.4
9.9
-.1
-3.7
23.8
0.1

66.3
-.5
0.4
-.9
7.3
0.1
0.2
-9.8

-45.4
-.7
-2.0
1.3
5.8
0.1
2.7
39.7
-.7

-64.7
-1.3
-.5
-.8
1.0
-.7
0.2
9.0
-.8

-68.8
-.8
-1.8
1.1
-3.1
-.1
-.7
3.3
-.2

10
11
12
13
14
15
16
17
18

1 Net change in liabilities

9 Net change in assets

10
11
12
13
14
15
16
17
18

Household sector
Nonfinancial business
Nonfarm noncorporate
Corporate
State and local governments
U.S. government
Credit unions
Private pension funds
Bank personal trusts

X

5.3
18.7
0.3

X

F.206 Large Time Deposits (1)
I Net change in liabilities

23.8

-11.3

86.8

17.1

3.6

49.8

53.2

16.9

-66.1

-58.5

-73.2

-23.5

1

2
3
4
5

Commercial banking
U.S.-chartered banks
Foreign banking off. in US
Banks in U.S.-aff. areas

12.2
2.3
9.8
0.1

-46.6
-38.7
-8.7
0.9

37.8
33.9
3.9

11.0
10.8
-.2
0.3

1.5
-6.6
7.6
0.5

41.4
37.7
3.8
-.1

41.8
35.2
6.3
0.3

28.9
24.0
4.4
O.S

-22.1
-20.5
-3.7
2.1

-24.0
-73.1
50.1
-1.0

-66.8
-76.2
9.0
0.4

-21.0
-20.0
-.8
-.2

2
3
4
5

6
7
8

Thrift institutions
Savings institutions
Credit unions

11.6
11.4
0.2

35.3
35.3
*

49.0
48.9
0.1

6.1
5.8
0.3

2.1
1.4
0.7

8.4
8.1
0.3

11.4
11.0
0.4

-12.1
-15.1
3.1

-44.0
-41.9
-2.1

-34.4
-35.3
0.8

-6.4
-7.9
1.6

-2.5
-3.6
1.1

6
7
8

9 Net change in assets

X

23.8

-11.3

86.8

17.1

3.6

49.8

53.2

16.9

-66.1

-58.5

-73.2

-23.5

9

10
11
12
13
14
15

Household sector
Nonfinancial business
Nonfarm noncorporate
Corporate
State and local governments
Rest of the world

-12.3
9.8
1.4
8.5
2.4
6.8

-2.5
14.2
5.5
8.7
-11.6
0.5

73.6
8.1
5.3
2.8
2.8
4.6

-9.7
9.1
4.6
4.5
12.4
3.7

-15.7
10.4
4.5
5.9
2.1
-2.7

41.8
2.7
-.7
3.4
-2.1
0.9

33.0
15.2
3.7
11.5
-9.1
3.1

7.0
1.7
3.4
-1.8
-12.7
-1.9

-28.5
-2.9
0.3
-3.2
-10.0
-.5

-68.6
2.5
-1.4
3.8
-15.7
-.6

-46.6
-7.1
-.3
-6.7
-7.2
-3.2

-19.3
1.8
-1.2
3.1
-1.7
-1.7

10
11
12
13
14
15

16
17
18
19
20
21
22

Financial sectors
Saving institutions
Credit unions
Private pension funds
St.Slocal govt.rtr.funds
Money market mutual funds
Bank personal trusts

17.0
7.2
2.5
7.6
2.2
-3.1
0.7

-11.9
1.2
-1.6
1.4
2.8
-16.8
1.1

-2.4
-5.5
-.4
0.3
3.2
-.4
0.5

1.6
2.3
-.3
3.3
1.4
-6.8
1.7

9.4
4.0
0.5
4.0
-3.4
2.3
2.1

6.5
-8.5
0.2
2.4
-4.7
14.4
2.6

11.0

22.8
-2.1
1.0
12.8
1.9
8.5
0.7

-24.1
-.1
0.2
-2.6
-1.7
-20.2
0.2

24.0
-.3
2.3
13.8

-9.1
-1.3
0.1
0.4
-1.8
-2.1
-4.4

-2.6
-.7
-.6
2.8
2.6
-5.8
-.9

16
17
18
19
20
21
22

(1]1 Large time deposits are those Issued in amounts of $100,,000 or more.

BILLIONS OF DOLLARS




X

-.8
8.5
1.9
-.8
2.2

X

12.0
-3.8

DECEMBER 7, 1994
Deposit*

Deposits

F.284-F.206 Deposits

42
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1992

1991 I
IV

I

I

XI

II

IV

(II

1993

IV

III

1994
II

I
I

III

P<-204 Checkable Deposits and Currency
-61.0 Net change In lieh'illties

1

105.6

161.5

65.1

176.7

51.6

99.7

214.4

73.1

81.9

173.1

-66.0

2
S
4
S

60.6
41.3
1.6
17.6

*10.5
-23.9
-2.4
15.8

25.3
1.7
-.6
24.2

87.9
51.6
: :1.3
34.9

-32.4
-70.7
-1.3
39.6

34.4
1ft.C
0.4
16.0

93.7
60.6
-.1
33.2

5.3
-35.0
0.9
39.5

15.?
*14.8
-.5
30.3

29.0
-11.4
0.3
40.1

21.0
-15.2
0.6
35.6

34.7
3.4
-1.0
32.3

6
7
S
9

-20.1
9.9
0.6
-30.5

169.6
-31 .'4
2.9
198.1

60.8
14.'5'
6/9
39.5

84.2
6.1
-1.0
7911

57.6
-12.7
0.3
69.9

■32.8
-.6
2.3
41.2

104.1
9.0
-.6
95.9

57. ft
6.0
9.4
41.6

52. *
34.0
•12.6
31.0

156.2
33.6
9.7
114.9

-85.4
i9.3
4.3
-40.5

-i12.9
•50.0

10

i:i
12

05.1
05.1
•' «

2.4
-1.6
'4.2

-21.0
-25.1
4.2

4.7

26.6
21.5
'5.1

—1 ? . 1
-.5

t6.5
i6.9
■ -. 3

10.8
7. j
3.7

;*.s
10.7
3.8

-14.0
-15.2
1.2

1-3

<05.6

(61.5

65.1

.76.7

51.8

•?8.7

/i 4 *

73. J

Oi.9

173.1

-66.0

14
15
16
17

46.4
1.0
0.8
0.4
-.2
4.0
143.9
2.2

176.1
21.9
1.8
5.3
14.8
4.0
<■70.1
0.5

44.9
1.3
1.8
5.3
-5.7
-3.0
27.3
6.2

159.4
-30.6
1.8
;.s

114.8
•’•-5.2
1.9
5.7
-12.8
-.7
71-6

.3
; .i
1.7

127
6:3
i.7
•s f.
• .?

51.*
-3.5
1.7
?.£■
“?.*»
-7.9

90.8
’.4
i.7
3.0
3.1
11.8
2<.7
10.fi

35 fl

f r,
."J. A

71.2
15.2
:.7
2.1
il.5
.7

► .8

5.’.
-.5
-.4
-.5
-.8
-.9
0.4
6.8
-4.5
0.8
-.1

41.8
3. “
3.3
14.5
1.4
-.5
-.3
4.8
0.4
5.3
7.8
5.1
-.1

29.4
-i.<*
<1.6
6.5
0.1
5.7
-.2
-2.1
0.2
0.4
3.0
12.0
10.0
-.1

-35.4
-.4

1.3
-.2
1.5
-2.3
a. 4
6.0
6.6
2.9
-.1

r
- . ?•
-.6
-.e
0 ‘.3
5.4
-.5
- .2
1.0
C.4
6.0
-4.1
-.9
-.1

0.4
0.4
0.5
-14.9
-2.7
-.1

-.5
0.4
0.4
4.8
0.6
-2.8
-.1

2.7

11.2

-3.1

-21.7

-1.8

-.6

8.6

IS

19
io
21

4.6

■ '7.9
s ' - 0.

'<■ 9

■ .2

■ .9

i2
23
24
25
26
27
28
24
30
31
32
33
34
35

4.6
-2.2
-.6
4.4
0.9
-.1
-.8
1.0
4.1
1.3
4.9
-12.7
4.5
'■ w

0.3
0.2
-.3
-4.0
2.4
0.1
-.1
0.2
0.6
1.3
2.5
-1.9
-.9
-.1

-1.9
-1.0
-.i
-2.1
0.7
-.6
C.4
«
2.4
1.3
3.8
-7.5
1.4
-.2

-■ ?.8
-.3
.3
-;. 4
3.5
' 1.4
3.9
1.3
4.1
-5.3
1.4
-.2

'25.0
1.1
-.7
11.3
-.3
-.9
0.1
0.8
3.9
1.4
4.8
4,8
-1.2
-.1

36

-98.6

26.7

-9.7

-.5

-9.6

. .‘j

• -i.l

? .

-i .&

'~31 -1

10.a t

7.0
l.S

-3.4 •
-4.8
1.2

•2.3

1.7
"■.5
■8.5
-3.7

-64.7

4.9

1.5

-J 7.6
0.2
• .i
«
-1.8

-3.1

-53.7
-7.9
-3.1
0.2

2
3
4
5

Commercial banking
U.S. government deposits
Deposits due to Foreign
Private domestic deposits

6
7
6
9

ThriFt institutions
Savings institutions
Credit unions

-81.0 N*t change in assets
■14.8
t.O
•3.7
4.0

. -:.6
'-■.8
■S1 4
ifi. 1

?.6
J.S
1.9
-.8
-i.7

1

Monetary 'authority
U.S. govt, cash 8deposits
Deposits due to Foreign
Currency outiide banks

1C
ll
12

13

^ou’thold sector
MonFinancial business
Farm
NohFarm noncorporate
Corporate
State and local governments
U.S. government
Ses? of the world

A4
»5
ifc
17
18
19
20

Financial sectors
Sovt.-spons. enterprises
Commercial banking
Savings institutions
Credit unions
uiFe insurance-companies
Other' insurance companies
Private pension Funds
St.Bloc. govt. rtr. Funds
Finance companies
Mutual Funds
Money market mutual Funds
Brokers snd dealers
Bank personal trusts

22
23
24
25
26
27
28
29
30
31
32
33
34
35

Mall Float

36

2i

F.205 Snell Time and Savings Deposits

1

1

-47.4

-47.1

-60.1

-91.8

-29.9

-108.5

-67.8

-66.1

-36.6

2.5

-59.9

-61.5 Net ehange in liabilities

2
3
4
5

23.0
32.6
-8.9
-.8

19.7
21.9
-2.2
e

-ll.l
-14.6
2.9
0.6

-13.1
-10.9
-2.8
0.7

15.5
12.1
3.1
0.3

-20.1
-20.4
0.3
-.1

-4.4
-6.6
2.7
-.3

-31.3
-22.6
-6.4
-.4

6.2
6.3
2.1
-.2

0.6
1.5
-1.0
a

-8.0
-10.1
1.9
0.2

-10.6
-5.6
-5.4
0.4

Commercial banking
U.S.-chartered banks
Foreign banking oFF. In US
Banks in U.S.-aFF. areas

2
3
4
5

6
7
6

-70.4
-93.2
22.8

-66.6
-92.7
26.0

-49.0
-54.3
5.4

-78.7
-91.6
12.6

-45.3
-63.2
17.6

-68.4
-96.5
6.1

-63.4
-74.8
11.3

-36.6
-47.2
10.4

-44.6
-54.1
9.3

2.0
-17.6
19.7

-51.9
-59.5
7.7

-50.9
-60.9
10.0

ThriFt Institutions
Savings Institutions
Credit unions

6
7
6

9

-47.4

-47.1

-60.1

-91.6

-29.9

-106.5

-67.6

-66.1

-36.6

2.5

-59.9

-61.5 Net change In essets

10
11
12
13
14
15
16
17
16

-101.0
-.8
-2.9
2.1
4.5
0.1
3.5
47.2
-.6

-42.1
-1.6
-.2
-1.4

-71.3
-.9
-.1
-.8

1.4
-2.7
-1.2
-.8

1.2
1.5
10.3
-1.0

-96.4
1.2
-.2
1.4
2.3
-.1
-2.1
4.2
-.9

-46.8
-3.6
-1.4
-2.2
1.8
-5.2
3.6
22.6
-.6

-136.1
-1.6
-3.0
1.4
-.5
0.2
-1.0
30.6
-.4

-55.2
-.3
-1.7
1.4
-2.2
-.4
-2.5
-7.1
-.1

-79.9
4.5
-1.4
5.9
-3.6
H
6.6
4.7
N

-3.6
-5.6
-1.2
-4.4
-5.6
-.1
-6.0
-15.3
-.1

59.9
3.0
-.5
3.6
-7.4
-.4
-5.6
-46.9
-.2

-6.6
2.4
-.3
2.8
-9.3
-.1
-6.0
-36.2
-.2

-61.1
-1.3
0.2
-1.5
-11.0
0.1
12.1
-.2
-.1

Household sector
NonFinancial business
NonFarm noncorporate
Corporate
State and local governments
U.S. government
Credit unions

Private pension Funds

Bank personal trusts

9

10
11
12
13
14
15
16
17
16

F.206 Large Time Deposits (1)
1

1

-94.4

-56.1

-112.0

-33.6

-91.1

-21.6

-26.6

-59.5

13.7

-S9.6

-4.6

60.6 Net ehange In liabilities

2
3
4
5

-73.5
-90.6
16.0
-.6

-51.5
-79.2
27.6
-

-90.5
-74.S
-16.6
0.6

-40.9
-64.S
22.7
0.7

-64.5
-66.9
2.1
O.S

-2.3
-18.4
16.2
■

-26.0
-24.7
-2.9
-.3

-56.5
-27.1
-Sl.l
-.4

4.6
-9.9
14.6
-.1

-36.0
-2.5
-S3.6
a

-.2
6.9
-9.3
0.2

75.9
16.3
59.3
0.4

6
7
6

-20.6
-21.6
0.9

-4.7
-6.1
1.5

-21.5
-2S.0
1.5

7.S
5.6
1.7

-6.6
-6.2
1.6

-19.3
-19.6
0.4

1.2
0.7
0.5

-1.0
-2.9
1.9

9.1
7.4
1.7

-3.6
-3.6
0.3

-4.6
-4.9
O.S

4.6
4.6
0.1

9

-94.4

-56.1

-112.0

-33.6

-91.1

-21.6

-26.6

-59.5

13.7

-39.6

-4.6

-25.4
-.4
-.9
0.5
-6.2
-4.S

-16.6
9.4
-.6
10.2
6.2
-.6

-1.9
-1.0
-.3
-.7
5.5
1.3

-13.3
4.2
-.2
4.4
9.2
3.0

50.1
-.7
0.2
-.8
12.3
1.3

Household sector
Nonfinancial business
Nonfarm noncorporate
Corporate
State end loeal governments
Root of the world

to

-21.2
1.6
-S.6
0.7
11.6
-SI.5
-.2

15.4
-.9
5.9
-1.5
-6.1
16.6
-.7

-43.4
-1.1
-11.6
-10.6
0.3
-19.6
-.6

-7.9
-3.3
-2.4
-7.9
0.5
6.1
-.6

17.5
-2.4
-.4
2.2
0.5
16.4
-.6

Financial sectors
Saving institutions
Credit unions
Private pension Funds
St.Bleoal govt.rtr.funds
Money market mutual funds
Bank personal trusts

16
17
16
19
20
21
22

10
11
12
IS
14
15

-77.2
-6.7
-1.9
-6.6
-19.1
1.6

-22.6
-6.5
-.1
-6.4
-7.7
-15.4

-66.6
-6.9
-.1
-6.6
-10.6
-1.1

-26.9
-IS.7
-.2
-13.5
0.6
0.4

-67.9
-1.1
-1.0
-.2
-11.1
S.2

-47.7
2.6
-2.9
4.6
0.1
-S.O

12.4
-4.2
-1.1
-S.l
-5.1
1.2

16
17
16
19
20
21
22

6.6
-.7
l.S
16.6
-S.9
-.4
-4.3

-S.7
-4.2
5.3
-1.0
-1.4
2.0
-4.4

-24.6
-1.7
-5.4
-1.6
-1.1
-9.7
-5.0

5.9
0.4
0.9
-.2
-2.3
11.6
-4.7

-14.2
O.S
-.3
4.2
-2.5
-12.7
-S.’S

26.5
-1.1
-4.6
11.6
1.5
21.1
-2.0

-31.1
-2.2
-.1
O.S
S.O
-31.5
-.7

Commercial banking
U.S.-chartered banks
Foreign banking oFF. in US
Banks In U.S.-aFF. areas

2
3
4
5

Thrift' Institutions
Savings Institutions
Credit unions

6
7
6

60.6 Net change in assets

Cl) Large time deposits are those issued In amounts of SI00,000 or more.
BILLIONS OF OOLLARS.




9
11
12
13
14
15

DECEMBER 7, 1994

Other Deposits and Federal Funds

Other Deposits and Federal Funds
F.207-F.209 Other Deposits, Federal Funds and Security RPs

43

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

70.3
28.6
10.2
16.1
11.9
M
3.6

41.2
8.7
5.2
15.8
6.9
1.0
3.6

3.9
-41.8
15.8
23.5
5.3
1.5
-.3

15.8
-10.2
-2.5
18.1
6.4
4.0
0.1

1
2
3
4
5
6
7

F.207 Money Market Mutual Fund Shares
I Net change in assets
2
Household sector
3
Nonfin. corporate business
4
Funding corporations
5
Life insurance companies
6
Private pension funds
7
Bank personal trusts

32.7
31.5
0.6
0.1
1.1
-1.9
1.3

-40.4
-31.2
-7.9
1.5
-1.9
1.2
-2.2

54.2
43.3
4.9
0.1
2.2
1.0
2.6

10.2
2.3
-1.5
0.7
2.1
2.1
4.5

48.3
35.7
3.6
2.6
0.9
1.9
3.6

24.0
22.0
0.8
2.2
-3.1
1.8
0.2

21.9
15.9
-3.3
4.0
0.1
2.0
3.2

90.1
76.8
0.5
8.0
-.8
2.9
2.6

F.208 Federal Funds and Security Repurchase Agreements

1 Net change ln liabilities
2
Commercial banking (net)
U.S.-chartered banks
3
Foreign banking off. ln US
4
5
Bank holding companies
6
Savings institutions
REITs
7
8
Brokers and dealers (net)
9 Net change in assets
10
Nonfin. corporate business
State and local governments
11
12
Rest of the world
13
Financial sectors
14
Monetary authority
15
Govt.-spons. enterprises

16
17
18
19

Savings institutions
Credit unions
Other insurance companies
Money market mutual funds

20 Discrepancy-unallocated assets

32.0
9.2
9.2
-1.8
24.7

11.9
14.8
11.3
3.5
13.1

-15.9

35.5
1.6
1.9
-.3
16.9
17.1

26.5
31.3
26.8
4.5
-3.0
-1.8

48.1
19.2
10.8
8.4
17.1
11.8

-11.4
10.2
11.9
-1.7
28.1
-49.8

23.7
20.8
16.3
4.5
15.9
-13.1

77.8
37.9
35.6
2.3
*
-46.2
86.1

-24.2
-25.6
-33.7
8.4
-.4
-15.3
16.8

-16.5
-19.3
-27.1
8.8
-.9
-22.9
25.7

35.5
18.2
17.4
0.7
0.2
-1.0
1.9
16.4

65.5
41.5
45.4
-4.3
0.4
7.5
2.1
14.3

1
2
3
4
5
6
7
8

30.7
8.7
2.4
1.6
17.9
2.1
5.4

25.5
6.2
15.4
0.7
3.2
-3.8
-2.3

38.8
0.5
11.9
0.1
26.4

8.3

33.7
7.0
8.2
0.8
17.7
3.2
6.0

35.6
9.5
5.5
3.4
17.2
10.8
2.5

12.4
0.8
20.7
2.2
-11.4
-14.7
-2.2

48.3
8.2
19.7
-.1
20.5
5.5
6.6

45.4
-4.1
1.9
4.1
43.4
-4.7
28.0

-.2
-5.9
-23.7
-.5
29.9
16.2
6.9

-22.7
-1.5
-14.9
0.1
-6.3
-2.5
-1.1

7.6
-6.5
11.9
6.7
-4.5
-7.8
-1.0

-15.6
-9.2
8.9
4.2
-19.4
5.1
-16.2

9
10
11
12
13
14
15

4.0
0.8
4.0
1.7

1.7
l.l
9.6
-3.2

3.8
0.3
4.2
9.7

-4.2
. 3.7
5.7
3.3

-4.8
2.5
0.1
6.1

-.9
-1.6
0.9
7.1

2.5
0.1
3.3
2.4

3.9
3.1
-.1
13.2

-2.5
2.1
3.2
4.1

-6.6
-1.4
-4.1
9.3

-.6
0.4
5.6
-l.l

-3.9
-4.0
-.9
0.4

16
17
18
19

1.3

-13.6

-3.3

-7.2

12.6

-23.8

-24.6

32.4

-24.0

6.2

27.9

81.1 20

H

F.209 U .S. Deposits in Foreign Countries

1 Total rest of the world
liability, held by:
Nonfin. corporate business
Money market mutual funds

2
3

BILLIONS OF DOLLARS.




2.0

6.5

-1.9

7.1

27.6

8.6

23.0

35.7

38.2

-16.7

-7.2

-22.1

I

-2.9
4.9

8.3
-1.8

-1.3
-.7

9.3
-2.2

24.5
3.1

9.1
-.6

14.9
8.1

39.0
-3.3

37.5
0.7

-11.3
-5.4

-6.0
-1.2

-11.7
-10.4

2
3

DECEMBER 7, 1994
Other Deposits and Federal Funds

Other Deposits and Federal Funds
F.207-F.209 Other Deposits, Federal Funds and Security RPs

44

SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1991 I
IV 1

1992

I

IV

III

II

1

I

II

IV

III

1

I

1994
II

III

67.8
13.7
5.7
35.3
11.6
1.5
0.1

50.3 Net change in assets
Household sector
23.3
Nonfin. corporate business
1.3
Funding corporations
18.7
Life insurance companies
4.9
Private pension funds
2.0
Bank personal trusts
0.1

F,.207 Money Market Mutual Fund Shares

1
2
3
4
5
6
7

32.1
-9.6
4.7
25.8
5.4
3.5
2.4

34.0
-30.5
16.4
30.1
5.7
11.4
0.9

-10.0
-99.1
17.8
69.9
4.9
-2.5
-1.1

25.2
22.2
18.9
-17,3
5.0
-2.9
-.7

-33.4
-60.0
10.1
11.4
5.6
-.1
-.5

-46.8
-53.7
2.5
-3.8
6.0
2.4
N

61.8
54.5
-5.1
1.1
6.3
4.8
0.1

0.6
-37.4
-6.3
32.4
6.6
5.2
0.2

47.7
-4.2
-1.2
42.6
6.8
3.6
0.1

-10.9
-41.0
2.8
17.8
7.1
2.4
0.1

1
2
3
4
5
6
7

F.,208 Federal Funds and Security Repurchase Agreements
68.3 Net change in liabilities
Commercial banking (net)
-6.5
5.3
U.S.-chartered banks
-12.0
Foreign banking off. in US
Bank holding companies
0.2
Savings institutions
19.7
0.5
REITs
54.5
Brokers and dealers (net)

1
2
3
4
5
6
7
8

57.2
-.4
-1.4
4.2
54.3
18.1
31.4

4.4 Net change in assets
0.7
Nonfin. corporate business
State and local governments
-1.2
Rest of the world
15.7
-10.9
Financial sectors
-13.2
Monetary authority
19.9
Govt.-spons. enterprises

9
10
11
12
13
14
15

-2.2
8.2
1.6
-9.2

-.9
-4.7
2.9
8.0

-4.7
1.6
3.3
-12.8

7.1

119.1

24.9

35.9

19.4
5.6

45.9
-10.0

I
2
3
4
5
6
7
8

19.3
21.8
14.0
6.1
1.7
-22.7
20.2

3.0
30.2
20.4
6.9
2.9
-15 = 5
1.6
-13.3

126.4
45.8
1.2
48.0
-3.4
7.9
1.9
70.9

81.2
-33.5
18.6
-53.0
0.9
-3.1
2.0
115.7

-68.7
30.4
29.4
0.7
0.4
6.7
2.0
-107.8

170.7
67.3
74.4
-8.9
1.8
10.7
2.1
90.6

37.9
30.3
31.3
-l.l
0.1
5.1
2.4
0.2

67.8
59.3
73.6
-16.2
1.9
7.8
2.3
-1.5

-14.4
9.2
2.3
8.9
-2.1
6.6
1.8
-32.0

12.8
78.5
68.3
8.5
1.8
10.0
1.3
-77.0

176.3
121.8
119.7
3.7
-1.6
22.6
1.0
30.9

9
10
11
12
13
14
15

-31.0
-4.6
6.6
-2.4
-30.5
23.4
-33.7

24.2
-1.0
0.7
10.8
13.7
-20.6
4.8

27.9
-7.5
24.7
9.3
1.5
-8.4
-5.3

55.9
-12.3
8.6
-2.7
62.3
84.6
17.2

-77.6
-5.0
13.5
9.6
-95.7
-86.8
-20.7

-8.9
-10.0
15.0
2. 1
-16.1
35.9
-37.1

-22.9
-9.5
-10.1
11.1
-14.3
32.7
-30.9

1.2
-9.9
7.2
5.7
-1.8
-17.7
-3.9

-31.7
-7.2
23.3
-2.2
-45.5
-30.4
6.9

5.7
-.9
-20.7
2.5
24.8
12.0
14.4

16
17
18
19

-23.5
1.0
-1.5
3.7

8.7
-4.1
3.3
21.9

-5.0
1.5
7.4
11.3

-6.2
0.9
7.8
-42.1

-.1
3.1
4.2
4.6

-.6
-11.7
0.9
-3.3

-7.5
1.1
-1.9
-7.8

-2.0
-1,8
-2,3
25.9

-5.2
-3.5
-.2
-13.2

20

50.3

-21.2

98.5

25.2

8.9

179.6

60.8

66.6

17.3

Savings institutions
Credit unions
Other insurance companies
Money market mutual funds

16
17
18
19

63.8 Discrepancy-unallocated assets 20

F.209 U.S. Deposits in Foreign Countries
-16.4

-36.2

-12.5

43.2

-23.2

-11.9

-17.1

-50.7

-6.9
-9.6

-31.0
-5.2

2.0
-14.5

24.4
18.9

-19.4
-3.8

-5.0
-6.9

-18.6
1.5

-25.6
-25.1

BILLIONS OF DOLLARS.




2.3
-10.9

5.0 Total rest of the world
liability, held by:
8.0
Nonfin. corporate business
-3.0
Money market mutual funds

1

2
3

DECEMBER 7, 1994
U.S. Government Securities

45

U.S. Government Securities

F.210-F.211 Treasury Securities and Agency Securities

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.210 Treasury Securities
1 Net issues
Savings bonds
2
Other Treasury issues
3

162.2
0.2
162.0

185.3
3.1
182.2

197.4
3.0
194.3

225.8
5.3
220.5

215.6
13.6
202.1

142.4
7.8
134.6

137.7
8.5
129.2

144.7
8.2
136.6

238.7
8.5
230.3

292.0
11.9
280.1

303.8
19.1
284.6

248.3
14.7
233.7

1
2
3

4 Net purchases
Govt.-spons. enterprises
5
Monetary authority
6
7
Rest of the world

162.2
1.5
7.9
12.8

185.3
-.8
15.0
15.7

197.4
1.4
8.7
27.7

225.8
4.4
18.6
19.6

215.6
10.2
19.8
38.2

142.4
4.9
24.9
35.6

137.7
5.8
11.1
62.0

144.7
-13.3
-6.9
29.8

238.7
22.1
8.3
27.0

292.0
17.5
31.4
33.7

303.8
18.2
28.5
55.3

248.3
-1.5
37.0
73.6

4
5
6
7

140.0

155.6

159.6

183.2

147.4

77.0

58.8

135.1

181.3

209.5

201.8

139.2

8

9
10
11
12
13
14
15

Nonfinancial sectors
Household sector
Savings bonds
Other Treas. issues
Nonfarm noncorp. bus.
Nonfin. corp, business
State and local govts.

45.2
25.7
0.2
25.5
-.1
10.2
9.4

77.0
43.9
3.1
40.8
2.8
8.0
22.4

71.9
51.9
3.0
48.9
-.5
4.3
16.3

96.8
1.8
5.3
-3.4
0.3
-1.0
95.7

21.4
-20.2
13.6
-33.7
1.2
17.3
23.1

52.0
4.8
7.8
-3.0
-.4
3.7
43.9

95.1
68.9
8.5
60.5
0.5
-2.6
28.4

32.4
19.2
8.2
11.1
1.4
5.7
6.1

109.8
114.3
8.5
105.8
1.0
-7.9
2.4

-20.2
-42.8
11.9
-54.7
-.1
8.4
14.2

62.0
51.7
19.1
32.5
0.6
22.7
-12.9

62.3
45.5
14.7
30.9
1.4
-.8
16.2

9
10
11
12
13
14
15

16
17
18
19
20

Commercial banking
U.S.-chartered banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

20.3
19.4
0.8
-.1
0.1

45.5
43.5
1.6
0.1
0.2

2.0
2.5
-.6
0.1
-

7.9
7.5
K
0.3
0.1

8.3
5.9
2.1
-.1
0.5

-3.3
-3.1
-.4
0.1
*

-9.1
-9.4
0.1

-20.0

0.2

-.2
0.1
0.4

6.8
1.7
5.0
-.2
0.3

60.4
50.3
9.4
0.3
0.3

61.9
46.6
8.7
5.1
1.5

27.8
20.6
6.5
-.8
1.5

16
17
18
19
20

21
22
23
24
25
26
27
28
29
30
31
32

Nonbank financial sectors
Savings Institutions
Credit unions
Life insurance companies
Other insurance cos.
Private pension funds
St.Slocal govt.rtr.funds
Mutual funds
Closed-end funds
Money mkt. mutual funds
Brokers and dealers
Bank personal trusts

74.5
3.4
0.3
8.4
0.6
22.6
9.3
2.3

33.0
15.3
1.4
12.1
3.3
16.3
12.0
0.6

78.5
-5.2
2.4
10.5
5.5
24.7
15.0
41.4
0.1
-.8
-16.2
1.1

117.7
3.5
1.8
7.3
13.8
22.3
19.9
36.4
0.4
3.4
8.1
0.7

28.3
9.6
3.2
-2.0
8.4
16.9
17.9
9.9
0.6
-13.7
-25.7
3.2

-27.1
-10.2
3.3
1.5
9.0
9.6
3.2
-17.7
3.2
-2.7
-30.7
4.5

122.7
-8.1
-2.3
-5.6
11.0
44.8
1.0
5.3
1.8
3.2
68.9
2.8

64.7
-.9
-3.6
6.2
8.0
12.0
17.6
4.1
30.7
-14.2
4.8

169.3
-.9
5.5
18.6
25.0
33.1
8.5
42.1
3.1
34.2
-1.6
1.7

77.9
9.0
5.9
11.0
4.7
17.5
4.5
39.2
2.0
0.1
-15.3
-.8

49.1
-5.7
2.4
21.2
15.8
14.9
15.9
25.9
2.9
0.8
-45.1
0.3

21
22
23
24
25
26
27
28
29
30
31
32

225.7

216.0

143.9

155.1

146.4

246.9

278.2

304.0

256.1 33

8

Total private domestic

Memo:
33 U.S. govt, borrowing (1)
(1)

21.1
6.2
0.3

-19.8
-9.7
1.6

85.7
7.8
0.8
12.6
5.9
14.5
19.0
5.8
-.1
2.6
12.6
4.2

161.3

185.2

197.2

K

M

M

t20.3

N

Total issues of Treasury securities (F.210, line 1) plus budget
agency securities (F.211, line 2) and federal mortgage borrowing
(F.216, line 7).
F.211 Agency Securities (2)

20.6
79.9

137.2
17.4
44.9
74.9

151.1
1.6
25.2
124.3

175.6
8.2
17.1
150.3

132.0
-13.8
9.2
136.6

156.1
0.2
40.3
115.6

169.0
7.8
80.6
80.6

1
2
3
4

74.8
0.2
-.3
1.2

100.4
0.1
-.2
4.3

178.9
-.6
-.4
7.0

174.0
-.1
-.3
5.0

137.2
0.2
-.6
6.7

151.1
5.9
-.4
15.1

175.6
5.6
-.2
6.3

132.0
11.1
-.3
10.2

156.1
12.3
-.6
18.3

169.0
20.2
-.8
36.2

5
6
7
8
9

68.5

73.7

96.2

172.9

169.4

130.9

130.5

163.9

111.0

126.1

113.3 10

-10.3
-19.0
0.1
8.6

-.3
-5.3

33.1
13.1
-.1
20.2

-5.4
-16.1
-.1
10.8

22.3
42.5
-.1
-20.0

49.1
63.4
-.1
-14.3

61.2
46.3
0.4
14.5

41.5
12.7
0.8
28.0

19.4
7.9
1.6
9.9

38.0
49.2
2.0
-13.2

-46.3
-40.3
2.8
-8.8

11
12
13
14

-1.4
-2.9
0.5
1.0

37.6
36.5
1.5
-.4

29.4
27.9
1.2
0.3
-

30.8
29.3
1.1

0.4

55.2
54.2
0.3
0.3
0.4

54.3
52.8
1.9
-.5
0.1

50.9
46.3
4.0
0.5
0.1

42.8
38.9
2.9
-.2
l.l

44.7
36.2
7.4
0.9
0.2

15
16
17
18
19

117.6
43.6
N
7.0
0.1
3.8
7.6
N
11.9
36.2
4.9
2.4

51.0
19.9
-1.7
8.7
0.2
-1.0
-.6
-1.5
-8.6
27.2
4.9
3.4

14.2
-48.4
-.9
25.1
3.4
16.3
15.0
-.2
2.7
-6.1
4.9
2.2

68.1
-23.2
8.2
20.2
6.0
-1.4
9.5
3.2
15.9
6.7
19.6
3.5

40.7
-40.6
5.2
43.1
10.1
7.9
1.5
11.8
4.4
-13.9
10.0
1.2

45.3
-2.0
9.1
28.8
0.5
3.2
-.7
21.2
13.5
-26.4
-1.0
-.8

114.9
4.2
7.7
29.8
1.3
2.8
-3.8
15.9
13.2
16.5
25.9
0.9

20
21
22
23
24
25
26
27
28
29
30
31

67.8

5 Net purchases
6
U.S. government
Govt.-spons. enterprises
7
Monetary authority
8
9
Rest of the world

63.7
-.1
-.2
-.4

67.8
-.4
-.3

64.3

Total private domestic

100.4

174.0
1.5
30.2
142.3

63.7
-.8
14.9
49.5

10

74.8
-.1
30.4
44.4

178.9
0.4
15.2
163.3

1 Net issues
Budget agencies
2
3
Govt.-spons. enterprises
Fed. related mortgage pools
4

M

1.4
66.4

M

11
12
13
14

Nonfinancial sectors
Household sector
Nonfin. corp, business
State and local govts.

5.0

20.6
23.0
-.1
-2.3

15
16
17
18
19

Commercial banking
U.S.-chartered banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

7.0
7.3
N
-.3
-

l.l
0.7
0.1
0.4

-l.l
-1.2
-.1
0.2

20
21
22
23
24
25
26
27
28
29
30
31

Nonbank financial sectors
Savings institutions
Credit unions
Life insurance companies
Other insurance cos.
Private pension funds
St.Slocal govt.rtr.funds
Mutual funds
Money mkt. mutual funds
ABS issuers
Brokers and dealers
Bank personal trusts

67.6
31.6
0.9
4.3
1.5
17.7
10.1
1.6
-.1

67.7
36.2
1.7
7.2
2.2
8.8
4.9
1.4
3.0
2.2

(2)

N

M

-

54.1
16.8
-.4
11.0
3.2
6.3
4.1
0.5
3.6
7.9
1.2

64.5
0.5
l.l
12.5
8.2
11.9
-2.7
11.5
l.l
13.1
4.9
2.4

140.7
46.3
1.8
10.6
0.1
8.8
10.0
22.9
-3.0
37.5
4.9
0.8

Agency securities include: issues of federal budget agencies (line 2)
such as TVA} issues of government-sponsored enterprises (line 3) such
as FNMA and FHLB; and federally related mortgage-backed securities
issued by GNMA, FNMA, FHLMC, and the Farmers Home Administration
(line 4). Only the budget agency issues are considered officially to
be part of the total borrowing of the U.S. government, which is shown
in table F.210, line 33.

BILLIONS OF DOLLARS.




M

DECEMBER 7, 1994
U.S. Government Securities

U.S. Government Securities

F.210-F.211 Treasury Securities and Agency Securities

SEASONALLY ADJUSTED ANNUAL RATES
1991 I
IV
1

SEASONALLY ADJUSTED ANNUAL RATES

I

II

III

1993

I
1

1992

IV

II

I

F. 210

III

IV

I
11

I

1994
II

III

Treasury Securities

1
2
3

271.5
11.0
260.5

342.4
15.6
326.9

347.0
13.4
333.6

285.5
19.9
265.7

240.0
27.8
212.3

237.4
25.4
211.9

332.3
11.6
320.7

157.2
10.2
146.9

266.5
11.3
255.1

211.8
12.3
199.5

118.2
8.5
109.6

129.8 Net issues
6.0
Savings bonds
Other Treasury issues
123.8

1
2
3

4
5
6
7

271.5
-5.1
17.6
57.7

342,4
39.3
27.5
62.1

347.0
-12.0
21.0
85.7

285.5
24.4
16.9
18.1

240.0
20.8
48.7
55.4

237.4
-23.9
43.7
60.3

332.3
14.8
36.0
20.2

157.2
45.6
29.1
90.3

266.5
-42.3
39.2
123.4

211.8
9.3
50.4
41.8

118.2
13.8
19.1
-6.0

129.8 Net purchases
14.0
Govt.-spons. enterprises
Monetary authority
24.5
83.6
Rest of the world

4
5
6
7

8

201.3

213.4

252.3

226.2

115.1

157.3

261.3

-7.9

146.2

110.3

91.3

7.6

9
10
11
12
13
14
15

-101.5
-149.6
11.0
-160.7
0.8
-.7
48.0

223.8
195.4
15.6
179.8
0.3
23.6
4.5

65.4
47.8
13.4
34.5
0.7
25.5
-8.6

-23.5
-12.5
19.9
-32.3
0.7
16.1
-27.9

-17.8
-24.1
27.8
-51.9
0.7
25.5
-19.8

47.0
16.0
25.4
-9.5
1.4
-5.8
35.4

156.2
123.2
11.6
111.6
1.4
-1.4
32.9

15.9
-9.7
10.2
-19.9
1.4
11.1
13.0

30.3
52.5
11.3
41.2
1.4
-7.1
-16.6

272.1
238.2
12.3
225.9
1.4
32.4
0.1

165.3
172.3
8.5
163.8
1.5
10.1
-18.6

149.2
198.7
6.0
192.8
1.5
-6.3
-44.7

Nonfinancial sectors
Household sector
Savings bonds
Other Treas. issues
Nonfarm noncorp. bus.
Nonfin. corp, business
State and local govts.

9
10
11
12
13
14
15

16
17
18
19
20

84.1
59.7
25.7
-2.0
0.7

60.6
56.6
-8.7
11.6
1.1

62.4
41.3
19.7
-.2
1.6

72.2
57.1
7.0
6.5
1.7

52.5
31.3
17.0
2.6
1.6

30.4
22.5
8.9
-2.6
1.6

6.5
3.7
-.6
1.5
1.8

15.6
14.1
1.0
-1.1
1.6

58.8
42.2
16.7
-1.1
1,0

57.6
42.8
12.4
2.0
0.3

-37.2
-34.4
1.4
-4.0
-.1

-82.7
-69.8
-8.8
-3.3
-.8

Commercial banking
U.S.-chartered banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

16
17
18
19
20

21
22
23
24
25
26
27
28
29
30
31
32

218.7
3.9
15.8
25.6
19.7
65.6
-2.3
53.4
3.0
46.3
-12.9
0.7

-71.0
13.1
9.3
4.7
16.4
-25.4
-6.7
-14.4
2.3
14.1
-84.4

124.5
6.0
8.1
13.3
9.4
36.2
16.0
-4. 0
1.8
-.3
39.1
-1.2

177.5
0.1
5.7
11.1
-7.8
44.2
2.2
100.1
1.8
0.6
20.9
-1.4

80.4
16.9
0.4
15.0
0.9
15.1
6.4
74.9
2.2
-14.0
-36.8
-.6

79.9
-11.1
5.1
23.2
12.6
29.9
15.3
19.9
2.6
-13.4
-4.3

98.7

4.4
27.8
17.2
2.4
24.0
21.4
3.1
14.1
-16.2
0.5

-39.4
-3.8
-2.0
23.3
18.1
33.3
29.9
0.3
3.0
-2.2
-139.7
0.5

57.1
-8.1
2.1
10.5
15.2
-6.0
-5,4
61.9
2.4
4.7
-20.1

-219.4
4.4
4.3
-6.7
12.9
-36.8
14.8
-99.2
1.9
-45.1
-69.4
-.6

-36.8
0.7
1.7
23.0
11.3
-7.0
18.7
8.1
1.4
-20.8
-72.9
-1.0

-58.9
-5.5
-9.8
7.6
10.9
-4.8
14.2
-65.6
0.8
1.0
-6.6
-1.1

Nonbank financial sectors
Savings institutions
Credit unions
Life insurance companies
Other insurance cos.
Private pension funds
St.Slocal govt.rtr.funds
Mutual funds
Closed-end funds
Money mkt. mutual funds
Brokers and dealers
Bank personal trusts

21
22
23
24
25
26
27
28
29
30
31
32

33

275.3

331.3

347.4

294.6

242.7

240.5

336.4

173.4

274.2

210.6

122.9

Memo:
134.1 U.S. govt, borrowing (1)

X

(1)

X

X

Total private domestic

8

33

Total issues of Treasury securities (F.210, line 1) plus budget
agency securities (F.211, line 2) and federal mortgage borrowing
(F.216, line 7).

F.211 Agency Securities (2)

1
2
3
4

155.4
3.8
32.6
118.9

119.2
-11.2
11.5
118.9

188.6
0.4
48.3
139.9

181.0
9.0
67.7
104.3

135.4
2.7
33.6
99.2

172.6
3.2
32.2
137.2

60.7
4.1
68.8
-12.2

303.6
16.2
167.8
119.5

139.0
7.7
53.4
77.9

338.6
-1.3
160.0
180.0

249.9
4.7
146.6
98.6

229.2 Net issues
4.3
Budget agencies
152. 1
Govt.-spons. enterprises
72.8
Fed. related mortgage pools

1
2
3
4

5
6
7
8
9

155.4
21.2
-.4
15.1

119.2
22.3
-.3
12.7

188.6
19.1
-1.0
26.7

181.0
-.6
-.7
5.8

135.4
8.4
-.5
27.9

172.6
-2.5
-1.2
7.3

60.7
10.8
-.4
35.8

303.6
24.3
-.9
39.0

139.0
48.2
-.7
62.7

338.6
33.5
-1.6
27.1

249.9
40.1
-1.2
21.6

229.2 Net purchases
U.S. government
70.9
Govt.-spons. enterprises
-.5
Monetary authority
20.6
Rest of the world

5
6
7
8
9

10

119.5

84.6

143.8

176.5

99.6

169.0

14.4

241.1

28.7

279.7

189.5

138.1

11
12
13
14

40.3
45.2
1.6
-6.5

0.1
32.8
2.0
-34.6

12.0
-7.1
2.0
17.0

63.8
79.6
2.0
-17.8

76.2
91.6
2.0
-17.4

2.7
-21.3
2.8
21.3

-163.1
-202.3
2.8
36.9

-56.0
-42.8
2.8
-16.0

31.0
105.8
2.8
-77.6

229.2
243.4
4.4
-18.5

186.3
249.9
5.2
-68.8

78.6
131.4
-52.8

15
16
17
18
19

72.5
60.9
8.6
2.6
0.4

40.6
40.0
2.3
-2.5
0.9

48.2
40.4
7.2
-.7
1.3

53.5
48.4
0.9
2.9
1.3

28.7
27.0
1.3
-.5
0.9

79.7
67.5
11.8
-.1
0.5

40.7
35-8
3.8
0.9
0.2

34.0
29.4
4.1
0.4
0.1

24.5
12.1
9.8
2.4
0.2

10.1
-5.5
14.4
1.0
0.2

14.5
14.0
-1.2
1.5
0.2

20
21
22
23
24
25
26
27
28
29
30
31

6.8
-21.4
2.5
61.3
7.4
-2.8
-28.3
12.2
1.5
-23.6
-2.5
0.4

43.8
-20.2
8.3
29.9
3.4
6.6
20.6
18.6
-6.3
-31.3
14.4
-.3

83.7
8.4
8.8
20.8
-.4
9.0
-19.5
27.7
17.2
-22.7
35.6
-1.3

59.2
-17.3
8.7
35.6
-1.4
12.2
15.8
27.5
27.5
-30.2
-17.8
-1.3

-5.3
21.0
10.4
29.0
0.3
-14.9
-19.6
11.0
15.7
-21.6
-36.3
-.4

86.6
-5.0
9.6
25.3
1.5
29.6
-26.6
11.4
-15.0
11.9
43.4
0.5

136.9
7.8
3.7
39.5
2.0
-4.8
-6.4
11.7
22.8
15.5
43.5
1.3

263.2
3.8
7.3
30.5
2.1
13.5
3.2
57.0
35.9
17.1
91.4
1.3

-26.8
10.2
10.1
23.8
1.7
-27.3
14.6
-16.4
8.9
21.5
-74.5
0.5

40.3
5.2
10.8
20.6
1.4
-9.4
7.9
-39.7
1.4
20.2
22.2
-.2

-11.3
4.7
2.5
-10.2
1.2
-10.3
9.8
-16.1
11.4
-34.3
30.8
-.9

(2)

BILLIONS OF DOLLARS.




Total private domestic

10

Nonfinancial sectors
Household sector
Nonfin. corp, business
State and local govts.

11
12
13
14

-2.6
-.4
-3.1
0.6
0.2

Commercial banking
U.S.-chartered banks
Fgn. banking off. ln US
Bank holding companies
Banks in U.S.-aff. areas

15
16
17
18
19

62.1
41.2
-1.2
7.1
1 .1
-9.3
4.9
8.8
11.3
-20.8
20.1
-1.1

Nonbank financial sectors
Savings institutions
Credit unions
Life insurance companies
Other insurance cos.
Private pension funds
St.Slocal govt.rtr.funds
Mutual funds
Money mkt. mutual funds
ABS issuers
Brokers and dealers
Bank personal trusts

20
21
22
23
24
25
26
27
28
29
30
31

Agency securities include:
Issues of federal budget agencies (line 2)
such as TVA; issues of government-sponsored enterprises (line 3) such
as FNMA and FHLB; and federally related mortgage-backed securities
issued by GNMA, FNMA, FHLMC, and the Farmers Home Administration
(line 4).
Only the budget agency issues are considered officially to
be part of the total borrowing of the U.S. government, which is shown
in table F.210, line 33.

DECEMBER 7, 1994
Private Securities

Private Securities
F.212-F.215 Private Securities

47

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.212 Tax-Exempt Debt Securities and Loans (1)

53.1
29.4
6.7
22.7

54.4
33.5
-1.5
35.0

58.7
28.0
-3.7
31.6

179.5
126.7
2.2
124.5

41.4
53.5
-.1
53.6

75.5
77.4
-1.7
79.1

46.3
44.8
2.4
42.4

69.8
68.3
4.2
64.1

48.7
45.1
3.7
41.4

68.7
62.2
5.9
56.3

31.1
16.5
-.5
17.0

78.1
66.3
5.2
61.1

1
2
3
4

8.5
15.1

11.4
9.4

10.2
20.5

30.2
22.6

-2.2
-9.9

-1.0
-.9

1.3
0.2

2.5
-.9

3.8
-.3

7.7
-1.2

14.6
w

11.9
-.1

5
6

7 Net change In assets
Household sector
8
Nonfin. corporate business
9
State and local governments
10
Commercial banking
11
Savings institutions
12

53.1
29.6
0.1
0.2
4.5
-.3

54.4
34.7
0.7
0.6
3.7
-.2

58.7
27.6
-.1
1.1
12.5
-.3

179.5
72.2
0.8
-1.2
57.1
0.6

41.4
-15.8
3.1
-.2
-28.4
-.3

75.5
80.1
2.6
0.4
-29.1
*

46.3
39.7
1.5
1.5
-22.7
0.2

69.3
55.6
-.6
2.3
-17.8
-.2

48.7
17.7
-1.4
2.6
-16.4
0.4

68.7
34.9
1.6
1.4
-14.2
-.6

31.1
-34.8
0.6
-.6
-5.7
-.4

Insurance sector
Life insurance companies
Other insurance companies
Private pension funds
St.&loc. govt.rtr.funds
Mutual funds
Closed-end funds
Money market mutual funds
Brokers and dealers
Bank personal trusts

4.3
1.9
3.0
0.6
-.7
2.9
8.0
1.6
1.6

-.5
0.9
-.3
ft
-1.1
5.5
3.6
1.8
4.6

-3.3
-1.3
-1.9
0.4
-.5
5.6
7.0
4.5
4.1

4.7
1.0
3.5
0.6
-.4
14.5
1.0
12.4
8.9
8.4

17.3
2.0
13.7
2.1
-.4
31.8
1.1
27.5
-3.3
8.6

19.4
-1.0
22.3
-2.5
0.1
5.4
1.3
-2.3
-8.4
6.2

7.5
-1.5
9.3
ft
-.3
8.0
4.2
4.2
-.8
2.8

0.7
-.1
0.7
0.3
-.3
14.9
4.6
3.7
-.4
7.1

5.6
3.3
2.2
ft
0.1
15.6
1.8
14.3
0.3
7.7

-12.2
-2.1
-10.2
0.2
-.2
28.0
13.0
6.2
1.6
9.2

9.0
1.1
7.5
0.1
0.2
36.3
13.8
5.0
1.9
6.1

1 Net change in liabilities
State and local governments
2
Short-term
3
4
Other
5
6

13
14
15
16
17
IS
19
20
21
22

Household sector
Nonfin. corporate business
(industrial revenue bonds)

78.1 7
-16.0 8
2.2 9
-.5 10
1.7 11
0.1 12
15.4
3.4
11.8
0.1
0.2
44.6
3.4
8.6
5.8
12.9

13
14
15
16
17
18
19
20
21
22

(13 Includes small amounts of taxable securities issued since 1986.

F.213 Corporate and Foreign 3onds

1 Net issues
Nonfin. corporate business
2
Rest of the world (2)
3
4
Financial sectors
Commercial banking
5
Funding corporations
6
Savings institutions
7
Finance companies
8
REITs
9
Brokers and dealers
10
ABS issuers
11

52.1
30.7
6.6
14.8
6.3
0.4
8.1
ft
-

46.5
26.0
3.1
17.4
9.7
0.3
0.1
4.0
*
0.4
3.0

88.2
48.1
3.8
36.3
13.5
0.7
1.9
9.6
0.1
0.7
9.9

143.4
83.2
3.8
56.5
18.9
2.1
4.6
14.7
0.8
0.3
15.1

222.5
127.1
3.1
92.3
16.1
1.4
4.9
26.3
0.3
2.1
41.2

164.7
78.8
7.4
78.6
13.5
2.7
4.4
9.6
0.5
-.1
48.1

162.2
103.1
6.9
52.2
5.1
-1.1
1.9
5.9
0.2
4.3
35.9

120.2
73.8
4.9
41.5
4.7
-1.3
-3.4
15.6
0.2
6.3
19.4

114.7
47.1
21.4
46.3
-4.8
2.9
-5.6
15.5
0.1
1.5
36.6

160.5
78.8
14.1
67.6
4.2
6.9
-4.1
13.0
0.1
3.7
43.7

160.4
67.5
14.4
78.5
14.5
11.7
-3.2
4.0
1.0
2.7
47.7

252.9
1
75.2 2
59.4 3
118.3 4
7.2 5
13.6 6
-1.5 7
9.7 8
0.4 9
12.0 10
76.9 11

12 Net purchases
Household sector
13
Rest of the world (3)
14
Commercial banking
15
Savings institutions
16

52.1
-.8
15.7
0.7
5.3

46.5
2.5
7.1
5.2
11.7

38.2
-6.0
15.6
5.6
11.4

143.4
-.8
36.3
9.2
3.1

222.5
33.9
39.1
22.2
8.2

164.7
18.3
18.8
24.fi
8.5

162.2
-21.8
15.9
10.9
13.0

120.2
-17.2
13.0
4.3
-13.0

114.7
38.0
5.3
4.6
-19.3

160.5
10.3
16.2
7.6
-2.9

160.4
-4.8
18.1
-1.6
7.3

252.9
26.2
30.0
3.5
9.1

12
13
14
15
16

17
18
19
20
21
22
23
24
25

29.4
16.2
-.5
11.9
1.8
0.2
0.4
2.5
-1.4

15.7
16.7
-4.2
12.7
-9.6
2.7
-.2
2.0
-.3

53.0
23.7
4.1
15.5
9.6
3.6
-.4
5.7
-.2

82.4
37.3
8.2
31.7
4.8
3.6
0.3
9.2
0.1

85.6
40.8
14.1
23.2
7.5
26.8
1.4
0.3
4.9

34.3
66.9
7.5
11.8
-1.4
7.3
2.1
-4.4
4.5

110.4
69.2
10.1
13.3
17.2
14.2
10.4
9.8
-.5

121.0
53.6
13.6
22.2
31.6
5.7
0.1
3.7
2.5

77.8
55.8
9.9
9.3
2.8
13.6
-1.6
-4.0
0.2

102.5
28.2
8.0
40.2
26.1
12.8
-1.4
12.0
3.4

103.7
58.9
0.7
16.4
27.8
19.8
1.6
10.0
6.2

102.9
65.5
5.3
17.4
14.8
56.1
4.0
22.2
-1.1

17
18
19
20
21
22
23
24
25

Insurance sector
Life insurance companies
Other insurance companies
Private pension funds
St.&loc. govt. rtr. funds
Mutuai funds
Closed-end funds
Brokers and dealers
Bank personal trusts

F.214 Mutual Fund Shares
1 Net issues

9.4

29.3

27.3

88.7

160.9

70.2

6.1

37.2

65.3

151.5

211.9

316.8

1

2 Net purchases
Household sector
3
Nonfin. corp, business
4
Commercial banking
5
6
Credit unions
7
Life insurance companies
8
Private pension funds
9
Bank personal trusts

9.4
3.4
1.1
1.0
2.9
1.0

29.3
26.9
1.2
-.4
0.4
1.1

27.3
20.2
2.8
0.5
1.1
2.6

88.7
75.5
3.7
1.1
2.0
6.4

160.9
120.0
3.8
10.2
2.3
24.6

70.2
56.9
-2.7
ft
-2.2
16.5
1.7

6.1
14.1
-2.7
-.4
5.7
1.7
-12.3

37.2
36.0
-1.6
-.1
-.1
-4.1
6.8
0.4

65.3
37.7
-1.3
-.3
0.2
12.6
6.7
9.7

151.5
115.1
2.7
1.8
1.2
3.5
8.6
13.5

211.9
146.5
4.7
-.4
1.5
18.7
15.2
25.8

316.8
186.9
6.8
0.5
0.1
34.8
42.8
44.9

2
3
4
5
6
7
3
9

F.215 Corporate Equities (4)

1 Net issues
2
Nonfin. corporate business
3
Rest of the world (2)
Financial sectors
4
Commercial banking
5
Other insurance companies
6
Closed-end funds
7
a
REITs
9
Brokers and dealers
10 Net purchases
11
Household sector
12
Rest of the world (3)
13
Commercial banking
14
Savings institutions
15
16
17
18
19
20
21
22
23

Insurance sector
Life insurance companies
Other insurance companies
Private pension funds
St.&loc. govt. rtr. fnds
Mutual funds
Closed-end funds
Brokers and dealers
Bank personal trusts

7.6
1.9
1.4
4.3
0.6
2.8
-.2
0.4
0.7

26.7
20.0
3.7
3.0
0.8
1.5
-.8
0.6
1.0

-72.6
-79.0
0.9
5.5
1.1
3.9
-1.0
0.3
1.1

-65.0
-84.5
3.7
15.8
1.4
7.8
1.0
3.2
2.5

-65.9
-85.0
1.2
18.0
1.4
6.8
5.8
1.8
2.2

-57.2
-75.5
-2.1
20.4
1.5
4.0
7.3
1.4
6.3

-102.8
-129.5
0.9
25.8
2.5
1.7
20.6
2.2
-1.2

-98. 0
-124.2
17.2
9.0
1.5
2.4
6.3
1 .8
-3.0

-45.6
-63.0
7.4
10.0
2.1
2.8
0.4
1.3
3.4

64.0
18.3
30.7
15.1
0.9
1.9
16.3
1.6
-5.7

84.1
27.0
30.7
26.4
4.3
5.5
16.9
2.0
-2.3

120.1
21.3
60.6
38.2
1.9
7.4
14.3
12.9
1.7

1
2
3
4
5
6
7
8
9

7.6
-24.1
3.7

-72.6
-66.8
-3.4
-.1
-.2

-65.0
-111.2
4.4
0.1
-.1

-65.9
-103.9
17.9
2.1

-57.2
-102.6
15.0
-.1
1.4

-102.8
-92.6
-2.9

-.5

26.7
-22.6
5.0
it
0.3

2.0

-98.0
-109.1
9.0
-.1
0.4

-45.6
-21.7
-16.0
-2.5
-2.5

64.0
-33.8
10.4
2.3
-l.l

84.1
43.8
-5.8
0.3
0.3

120.1
-28.5
20.5
2.1
1.7

10
11
12
13
14

33.0
2.4
2.7
21.9
6.0
3.5
-.7
0.9
-8.2

32.6
3.4
2.1
7.1
20,0
13.7
-.6
4.3
-5.9

-1.6
0.3
-4.3
-4.8
7.3
5.9
-.5
-1.0
-4.9

42. 0
4.8
-2.0
10.6
28.6
10.3
-.4
2.6
-12.8

25.3
-2.1
-.3
3.6
24.0
20.2
2.9
1.4
-31.7

10.6
5.7
2.7
-29.6
31.8
26.9
3.3
-7.1
-4.8

9.0
-3.4
3.6
-12.2
21.0
-16.0
2.8
0.1
-5.2

7.9
9.7
7.9
-12.5
2.9
1.2
-.3
-1.9
-5.2

-14.7
-5.7
-7.0
-14.4
12.3
14.4
0.2
-3.3
0.5

46.2
9.5
-1.2
7.0
30.9
44.6
1.6
2.4
-8.6

16.4
2.7
-.4
-2.6
16.7
67.2
-.5
-.6
-37.0

38.5
7.9
0.8
-18.1
43.0
128.8
4.1
8.0
-55.2

15
16
17
18
19
20
21
22
23

«

(2) Net purchases of foreign issues by U.S. residents.
(3) Net purchases of U.S. issues by foreign residents.
(43 Excludes mutual fund shares shown above.


BILLIONS OF DOLLARS


m

«

DECEMBER 7, 1994
Private Securities

Private Securities

F.212-F.215 Private Securities

48
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1991
IV

1
1

1992

I

II

III

IV

1
1

1993
I

II

1
1

IV

III

I

1994
II

III

F.212 Tax-Exempt: Debt Securities; and Loans (1)

1
2
3
4

81.8
78.4
1.3
77.1

42.5
35.0
0.2
34.8

52.1
34.7
-7.0
41.6

45.6
34.3
20.2
14.1

-15.8
-37.9
-15.4
-22.5

88.7
85.5
4.7
80.8

130.3
113.8
14.7
99.1

66.2
48.0
-2.6
50.6

27.4
17.9
3.9
14.0

22.6
10.8
-.3
11.1

-9.8
-26.8
-9.4
-17.4

5
6

8.6
-5.2

10.7
-3.2

18.8
-1.4

12.3
-1.0

16.7
5.4

7.4
-4.3

17.1
-.6

16.9
1.3

6.3
3.3

16.3
-4.4

16.9
0.2

7
8
9
10
11
12

81.8
33.2
1.8
0.9
-9.6
-.2

42.5
5.1
-5.6
-1.7
-10.0
-.6

52.1
-24.7
6.1
-.8
-7.5
0.1

45.6
-20.5
-2.3
-.2
0.4
0.1

-15.8
-98.9
4.3
0.2
-5.8
-l.l

88.7
22.6
-1.9

130.3
15.4
3.9
-1.4
3.1
-.2

66.2
-45.9
6.2
0.7
10.1
-.1

27.4
-56.0
0.4
-1.1

22.6
-26.7
-4.2
-1.7
1.8

-9.8
-20.9
-1.4
-2.7
-1.4
0.3

13
14
15
16
17
18
19
20
21
22

-12.9
-6.7
-5.4
0.2
-1.0
33.3
13.1
10.0
4.1
8.3

1.2
-.4
1.7
-.1
-.1
29.5
16.3
7.9
-6.3
6.6

8.6
0.6
7.9
0.2

13.6
1.8
10.6
0.3
0.8
39.9
13.3
-.6
-3.0
5.1

12.7
2.5
10.0
-.1
0.2
38.0
11.1
8.0
7.8
8.0

11.4
0.5
10.5
0.2
0.3
49.9
6.4
1.7
-5.6
10.7

17.0
4.2
12.1

17.8
5.4
12.6
0.3
-.5
47.0
0.5
16.2
-.5
14.1

15.5
3.3
11.9
-.1
0.4
31.5
2.6
8.9
11.7
13.6

X

37.6
14.4
4.6
9.0
4.6

X

-6.6
0.2

(1)

X

0.7
50.0
4.2
7.5
17.8
13.1

x

X

0.3

14.5
3.2
11.5
-.1
x

8.5
3.6
28.2
-16.2
14.8

4.5
-2.6
7.1
-.1
X

-2.6
0.3
4.4
-2.3
12.0

-41.2 Net change in liabilities
-47.7
State and local governments
-12.7
Short-term
-35.0
Other
10.3
-3.8

Household sector
Nonfin. corporate business
(Industrial revenue bonds)

-41.2 Net change in assets
Household sector
-48.3
-4.0
Nonfin. corporate business
-3.6
State and local governments
-2.5
Commercial banking
X
Savings institutions

1.9
-1.3
3.3
-.1
X

0.9
0.2
4.6
-.4
10.0

Insurance sector
Life insurance companies
Other insurance companies
Private pension funds
St.Sloc. govt .rtr.funds
Mutual *unds
Closed-end funds
Money market mutual funds
Brokers and dealers
Bank personal trusts

7
8
9
10
11
12

13
14
15
16
17
18
19
20
21
22

Includes small amounts of taxable securities issued since 1986.

F.213 Corporate and Foreign Bonds
1
2
3
4
5
6
7
8
9
10
11

168.9
60.2
18.5
90.2
10.6
9.7
-.8
25.0
0.7
3.2
41.9

129.2
76.5
1.0
51.8
12.1
12.7
-5.9
-5.8
0.6
2.9
35.1

177.0
77.8
18.7
80.5
6.9
2.2
-2.3
8.3
0.6
13.5
51.3

158.3
61.7
12.1
84.5
19.0
15.1
-2.6
-1.8
0.5
-1.6
55.9

177.0
54.0
26.0
97.0
20.0
16.6
-1.7
15.4
2.3
-4.0
48.5

251.2
85.7
66.5
99.0
14.9
30.7
-1.9
4.1
0.4
-9.5
60.2

213.4
75.7
45.3
92.4
7.9
6.1
-2.6
10.3
0.5
13.7
56.6

299.9
72.0
84.5
143.4
3.4
13.3
-.6
17.5
-.1
14.6
95.4

247.1
67.4
41.4
138.3
2.8
4.4
-1.0
7.0
0.7
29.3
95.3

212.6
35.1
29.0
148.6
-1.3
47.7
-.4
23.0
0.8
-9.9
88.8

109.8
38.9
11.1
59.9
2.2
14.5
-1.3
31.4
1.1
0.3
11.6

12
13
14
15
16

168.9
-3.0
15.4
12.5
6.9

129.2
0.6
13.2
-7.3
-3.4

177.0
-29.0
26.0
-5.6
-7.6

158.3
-37.3
24.2
12.9
12.3

177.0
46.6
9.1
-6.3
28.0

251.2
1.5
18.9
15.1
6.7

213.4
15.7
28.7
-3.3
6.5

299.9
-5.8
27.1
5.5
18.9

247.1
93.4
45.2
-3.4
4.3

212.6
78.5
31.5
-3.7
33.0

109.8
67.0
48.4
5.8
-3.2

17
18
19
20
21
22
23
24
25

97.2
-5.1
5.2
55.8
41.2
23.4
-1.3
13.6
4.4

62.8
46.8
2.7
-13.5
27.0
39.4
2.9
15.3
5.7

120.6
57.2
-.6
34.5
29.5
53.8
-.4
11.6
7.7

130.9
58.9
-1.0
46.2
26.8
-34.4
0.1
42.4
7.2

100.5
72.6
1.6
-1.5
27.8
20.4
4.0
-29.3
4.1

124.3
77.1
4.0
43.9
-.8
39.9
7.7
36.0
1.2

88. 0
44.3
6.2
10.8
26.8
71.4
3.2
4.6
-1.4

133.3
76.2
6.3
44.0
6.7
78.0
2.5
43.0
-2.4

66.1
64.6
4.5
-29.3
26.3
35.3
2.8
5.2
-1.8

45.5
59.6
3.1
-38.9
21.8
10.5
3.2
15.8
-1.6

34.9
17.6
2.0
-5.3
20.6
-4.8
2.0
-38.2
-1.9

96.5 Net issues
24.6
Nonfin. corporate business
6.6
Rest of the world (2)
65.3
Financial sectors
5.4
Commercial banking
26.7
Funding corporations
Savings institutions
-1.1
34.6
Finance companies
1.4
REITs
-7.6
Brokers and dealers
5.9
ABS issuers
96.5 Net purchases
9.5
Household sector
39.2
Rest of the world (3)
9.2
Commercial banking
-15.6
Savings institutions
47.8
32.0
1.4
-6.9
21.2
11.8
0.4
-3.8
-2.0

Insurance sector
Life Insurance companies
Other insurance companies
Private pension funds
St.Sloc. govt. rtr. funds
Mutual funds
Closed-end funds
Brokers and dealers
Bank personal trusts

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

17
18
19
20
21
22
23
24
25

F.214 Mutual Fund Shares

1

192.7

198.3

200.4

243.4

205.4

268.9

358.0

348.9

291.5

114.0

152.7

131.2 Net issues

1

2

192.7

198.3

200.4

243.4

205.4

268.9

358.0

348.9

291.5

114. 0

152.7

131.2 Net purchases

2

3
4
5
6
7
8
9

142.5
2.1
1.0
1.3
5.9
22.2
17.8

135.4
8.7
2.9
2.3
14.1
14.3
20.8

127.4
3.0
-1.9
2.3
25.6
21.1
23.0

183.1
3.8
1.5
0.7
17.4
10.1
26.9

140.0
3.2
-4.0
0.7
17.8
15.2
32.5

158.7
5.7
1.5
1.0
29.9
33.9
38.3

203.5
8.9
-1.5
1.2
45.8
56.2
44.1

214.9
6.1
1.5
-.8
34.9
44.4
47.8

170.3
6.3
0.6
-.8
28.8
36.7
49.6

89.9
0.2
-3.6
-16.4
5.5
15.7
22.6

99.0
1.5
-2.6
X

11.9
20.3
22.7

90.9
-3.1
-1.2
15.1
19.5
10.0

Household sector
Nonfin. corp, business
Commercial banking
Credit unions
Life insurance companies
Private pension funds
3ank personal trusts

3
4
5
6
7
8
9

F.215 Corporate> Equities (4)
69.7
12.0
34.8
22.9
2.9
6.0
12.4
1.4
0.2

89.4

22.3
1.2
-1.8

74.0
36.0
11.1
26.9
4.6
5.3
17.6
-.1
-.6

14.0
47.8
27.7
7.7
6.3
15.3
5.4
-7.1

75.0
8.2
31.6
35.2
2.5
7.1
20.0
10.1
-4.5

113.9
23.2
52.1
38.6
1.5
8.4
13.1
15.5
0.1

149.1
32.3
78.6
38.2
0.1
8.1
10.1
15.6
4.3

142.4
21.5
80.0
40.9
3.4
6.2
14.0
10.5
6.8

100.5
-9.6
69.4
40.7
2.4
4.4
18.7
13.3
1.9

65.8
-2.0
38.9
29.0
4.5
2.7
4.4
13.1
4.2

103.2
0.5
-13.3
-.4
*

74.0
74.2
-11.3
-.1
1.2

69.7
88.6
-16.3
-1.1
-.2

89.4
11.8
17.7
3.0
0.4

75.0
2.2
19.6
1.0
2.0

113.9
-17.9
-.4
0.6
2.5

149.1
5.4
15.6
1.3
4.5

142.4
-103.8
47.4
5.6
-2.2

100.5
-94.4
22.1
-2.0
-1.8

65.8
-13.2
-14.0
1.2
-2.4

83.9
22.4
-.7
19.9
42.3

-13.4
-8.5
-.6
-27.9
23.6
54.7
1.8
2.2
-35.3

-14.7
2.1
-.3
-3.5
-13.0
61.7
-2.7
-4.3
-41.1

9.8
-5.2
1.3
13.7
84.8
-1.9
8.4
-44.5

-.2
7.0
0.4
-30.1
22.5
96.4
3.3
2.6
-52.0

36.6
-14.6
0.9
8.5
41.9
139.6
2.6
13.9
-63.8

22.8
18.2
1.0
-35.0
38.6
149.5
4.1
7.0
-61.1

94.7
20.9
0.8
-15.8
88.8
129.8
6.3
8.6
-44.0

28.2
27.1
5.3
-30.5
26.2
165.6
10.0
-7.6
-19.6

23.0
26.9
4.9
-42.7
33.9
122.9
0.8
-5.6
-46.8

1
2
3
4
5
6
7
8
9

89.3
48.0
23.7
17.6
2.5
3.0
16.0
1.7
-5.5

103.2

10

89.3
-34.7
-1.7

11

12
13
14
15

16
17
18
19
20
21
22
23

X

1.1
84.4
42.2
-.6
0.9
41.9
57.3
1.2
-.2
-18.2

46.0

29.1
28.1
2.2
4.2

67.6

0.8
-8,8
-27.0


BILLIONS OF DOLLARS


-13.8 Net issues
-50.0
Nonfin. corporate business
14.6
Rest of the world (2)
21.6
Financial sectors
4.7
Commercial banking
2.2
Other insurance companies
3.4
Closed-end funds
9.5
REITs
1.3
Brokers and dealers

-13.8 Net purchases
-156.5
Household sector
10.6
Rest of the world (3)
0.5
Commercial banking
-.7
Savings institutions

15.1
20.9
4.8
-29.7
19.2
127.0
2.0
-1.3
-10.0

Insurance sector
Life insurance companies
Other insurance companies
Private pension funds
St.Sloc. govt. rtr. fnds
Mutual funds
Closed-end funds
Brokers and dealers
Bank personal trusts

(2) Net purchases of foreign issues by U.S. residents.
(3) Net purchases of U.S. issues by foreign residents.
(4) Excludes mutual fund shares shown above.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

DECEMBER 7, 1994
Mortgages

Mortgages

F.216-F.217 Mortgage Markets

49

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.216 Total Mortgages

1 Net change in mortgages
Home
2
Multifamily
3
Commercial
4
5
Farm

92.7
56.5
5.4
26.8
4.1

187.7
117.6
15.2
52.5
2.4

222.7
136.2
25.1
62.6
-1.2

261.7
172.3
30.3
65.7
-6.6

305.8
204.2
36.5
75.3
-10.1

336.0
241.6
24.9
76.4
-6.9

300.2
234.9
17.6
52.4
-4.8

231.6
224.5
11.6
48.0
-2.5

200.1
185.6
5.0
9.8
-.3

161.9
163.8
-3.0
0.7
0.4

124.5
179.5
-11.0
-45.2
1.1

159.2
183.9
-4.9
-20.1
0.5

1
2
3
4
5

6 Net borrowing
7
U.S. government
REITs
8

92.7
-.1
0.1

187.7
-.1
X

222.7
-.1
0.4

261.7
-.1
0.1

305.8

336.0

X

X

300.2

281.6

200.1

159.2

0.3

0.3

0.3

0.6

161.9
0.5

124.5

0.3

0.6

3.6

6
7
8

92.8
49.0
43.8
4.1
75.8
-36.1

187.7
121.2
66.5
2.4
63.4
0.8

222.4
135.0
87,4
-1.2
83.8
4.8

261.7
167.3
94.4
-6.6
109.1
-8.0

305.6
204.6
101.0
-10.1
78.3
32.8

335.7
244.3
91.4
-6.9
60.7
37.6

299.9
237.4
62.5
-4.8
45.7
21.5

281.2
236.7
44.5
-2.5
33.4
13.6

199.5
194.3
5.1
-.3
9.2
-3.8

161.4
171.6
-10.1
0.4
-10.8
0.2

123.9
186.8
-62.9
1.1
-36.5
-27.5

155.6
195.7
-40.1
0.5
-25.3
-15.2

9
10
II
12
13
14

92.7
10.3
4.6
5.2

187.7
-.4
4.3
7.9

222.7
-.3
10.0
10.2

261.7
16.9
4.7
9.8

305.3
-4.2
2.7
11.8

336.0
27.2
-5.6
8.7

300.2
15.2
2.3
3.7

231.6
-.2
-2.2
6.3

200.1
-17.2
-2.7
5.3

161.9
-15.1
-3.6
3.8

124.5
4.1
-1.7

159.2
10.5
-4.7
-5.4

15
16
17
13

9
10
11
12
13
14

Private nonfinancial sectors
Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate

15 Net change in assets
Household sector
16
Nonfarm noncorp. business
17
State and local governments
18

X

X

X

X

X

X

19
20
21

U.S. government
Govt.-spons. enterprises (1)
Fed. related mortgage pools

2.4
14.1
49.5

1.2
10.4
66.4

0.5
11.9
44.4

1.8
9.6
79.9

0.5
-11.3
163.3

-5.3
-7.5
142.3

-1.1
5.0
74.9

-.8
6.0
124.3

35.6
5.7
150.3

15.4
11.7
136.6

-11.9
32.1
115.6

-15.4 19
46.7 20
80.6 21

22
23
24
25
26

Private finan. institutions
Commercial banking
Thrift institutions
Savings institutions
Credit unions

6.6
16.0
-24.5
-24.3
-.2

97.8
29.2
53.7
50.9
2.8

145.9
44.6
86.9
84.7
2.2

139.0
49.7
58.7
55.5
3.2

143.1
70.1
26.1
19.2
6.9

176.2
86.2
65.6
55.0
10.5

200.2
77.8
77.0
68.8
8.2

148.1
94.3
-14.0
-20.8
6.8

23.1
78.6
-91.1
-96.0
4.9

13.1
31.9
-70.6
-73.7
3.1

-13.6
19.3
-76.4
-77.4
1.0

47.0
47.2
-27.5
-29.6
2.2

22
23
24
25
26

10.9
4.2
0.3
5.1
1.3

11.4
9.0
0.7
0.8
0.9

6.8
5.7
0.4
0.1
0.6

18.3
15.1
0.7
2.5
0.1

26.3
22.0
1.0
3.0
0.3

16.9
18.5
0.6
-2.0
-.2

25.6
20.5
0.6
4.2
0.3

29.3
21.4
0.9
7.4
-.3

13.5
13.6
0.4
-1.3
0.8

6.3
-2.6
-.4
8.4
0.8

-19.5
-18.6
-.6
3.0
-3.3

-17.1
-17.6
-1.4
3.8
-1.9

27
28
29
30
31

1.9
2.2

1.8
0.9
0.1
0.7

3.3
2.1
0.8
2.0
-.5

4.8
3.2
2.4
2.0

5.6
11.8

8.0
-12.7
1.0
11.9
-.8

5.1
5.2
0.9
8.7

6.5
20.1
0.5
11.0
0.4

11.7
-.7
10.9
0.1

0.3
11.2
-.7
34.9
-.1

2.7
0.1
1.1
59.3
-.2

27
28
29
30
31

Insurance sector
Life insurance companies
Other insurance cos.
Private pension funds
St.Sloc. govt, rtr.funds

32
33
34
35
36

Finance companies
Mortgage companies
REITs
ABS issuers
Bank personal trusts

X

0.2

X

X

3.6
-.5

X

X

-.5 32
X 33
0.6 34
44.7 35
-.3 36

(1) FHLB loans to members are included in "other loans" category.

F.217 Home Mortgages (2)

1 Net borrowing
Household sector
2
Nonfarm noncorp. business
3
4
Nonfin. corporate business

56.5
46.0
10.1
0.4

117.6
108.1
9.0
0.5

136.2
128.1
7.6
0.6

172.3
161.3
10.3
0.7

204.2
196.5
6.9
0.7

241.6
234.2
6.7
0.7

234.9
227.9
6.4
0.7

224.5
217.6
6.2
0.7

185.6
179.0
6.0
0.6

163.8
159.2
4.2
0.4

179.5
174.4
4.6
0.5

183.9
178.2
5.1
0.6

1
2
3
4

5 Net change in assets
6
Household sector
Nonfarm noncorp. business
7
8
State and local governments

56.5
13.9
2.0
3.0

117.6
-4.5
1.6
5.2

136.2
3.2
3.3
5.4

172.3
15.3
0.6
5.9

204.2
-9.2
2.2
3.9

241.6
12.3
-1.1
1.2

234.9
34.8
2.1
2.5

224.5
7.5
4.7

185.6
-27.2
-.2
3.6

163.8
-19.2
-.3
2.0

179.5
4.9
0.7
-.6

183.9
8.3
-.5
-6.0

5
6
7
8

1.5
10.3
49.3
2.7

0.7
9.4
65.2
8.7

0.6
10.7
43.4
12.9

0.9
12.2
78.6
17.3

-.7
-5.0
158.3
20.0

-3.3
-2.5
137.3
37.4

0.3
5.8
69.7
38.0

0.2
5.3
118.7
51.0

16.6
5.3
148.1
66.5

-.9
10.9
140.0
27.6

-2.0
30.5
117.8
25.2

-7.2 9
45.2 10
82.0 ll
49.9 12

-30.9
-30.7
-.2

30.0
27.2
2.8

50.9
48.7
2.2

33.7
30.5
3.2

13.5
6.6
6.9

55.5
44.9
10.5

66.0
57.8
8.2

-2.2
-9.0
6.8

-51.5
-56.4
4.9

-36.1
-39.2
3.1

-47.7
-48.7
I .0

-17.5 13
-19.7 14
2.2 15

X

9
10
11
12

U.S. government
Govt.-spons. enterprises
Fed. related mortgage pools
Commercial banking

13
14
15

Thrift institutions
Savings institutions
Credit unions

16
17
18
19

Insurance sector
Life insurance companies
Private pension funds
St.aioc. govt. rtr. funds

0.5
-.5
0.9
0.1

-1.9
-1.4
-.5

-.4
-1.2
0.9
-.1

-1.6
-1.7
0.2
-.1

1.3
0.4
1.4
-.6

-2.4
0.4
-3.0
0.3

-1.4
-2.1
0.7
-.1

3.7
1.1
2.5

3.5
0.8
2.7
0.1

-2.3
-1.5
-1.1
0.2

0.1
-.1
0.5
-.3

20
21
22
23
24

Finance companies
Mortgage companies
REITs
ABS issuers
Bank personal trusts

1.9
2.2

1.8
0,9

3.3
1.4

4.8
2.8
0.1
2.0

5.6
11.0

8.0
-11.8

5.1
5.0

6.5
20.2

11.7
-.9

8.5
0.4

10.0
0.1

0.3
11.3
-.1
30.7
-.1

2.7
-.4
0.5
48.0
-.2

X

0.2

(2) Mortgages on 1-4 family structures.

BILLIONS OF DOLLARS




X

X

0.7

X
2.0
-.5

X

X

3.6
-.5

X

11.2
-.8

X
7.1

X

X

X

X

-1.1
-2.0
0.8
0.1

16
17
18
19

-.5 20
-.5 21
X 22
32.0 23
-.3 24

DECEMBER 7,
Mortgages

1994
Mortgages

F.216-F.217 Mortgage Markets

50
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1991
IV

1
i

j
1

1992

I

II

III

IV

1993

I

II

III

IV

1
t

I

1994
II

III

F.216 Total Mortgages

1
2
3
4
5

181.5
206.5
2.1
•28.0
0.9

196.7
233.2
10.5
-46.3
-.6

52.6
92.6
-16.9
-25.8
2.7

161.2
227.4
-11.3
-57.7
2.8

67.4
164.9
-26.2
-50.6
-.5

101.2
120.9
-5.1
-14.8
0.2

153.5
193.5
-11.0
-30.0
1.0

228.3
236.5
-2.9
-5.8
0.4

154.0
184.5
-.8
-30.0
0.2

151.8
180.2
-6.0
-23.3
0.8

162.7
144.9
4.5
7.4
6.0

219.6 Net change In mortgages
Home
199.6
Multifamily
7.2
Commercial
9.0
Farm
3.7

1
2
3
4
5

6
7
8

181.5
0.9

196.7
0.9

52.6
N
0.1

161.2
0.4

87.4
0.9

101.2
1.4

153.5
1.4

228.3
X
6.2

154.0
*
5.5

151.8
K
0.2

162.7
X
0.6

219.6 Net borrowing
X
U.S. government
0.1
REITs

6
7
8

9
10
11
12
13
14

180.6
225.0
-44.4
0.9
-28.2
-17.1

195.9
240.2
-44.3
-.6
-18.7
-25.0

52.5
96.3
-43.8
2.7
-29.5
-17.0

160.7
247.9
-87.2
2.8
-48.3
-41.7

86.6
162.9
-76.4
-.5
-49.6
-26.3

99.8
125.7
-25.9
0.2
-20.4
-5.7

152.2
218.7
-66.5
1.0
-37.2
-30.4

222.1
243.5
-21.4
0.4
-18.0
-3.8

148.5
194.9
-46.4
0.2
-25.6
-21.1

151.5
174.6
-23.0
0.8
-15.2
-8.6

162.2
151.9
10.3
6.0
4.6
-.3

219.4
203.0
16.4
3.7
7.1
5.6

15
16
17
18

181.5
8.1
-3.9
2.2

196.7
20.0
-1.6
0.2

52.6
6.2
-1.6
2.0

161.2
-17.0
-1.7
-1.2

87.4
7.3
-2.0
-1.2

101.2
18.5
-4.4
0.3

153.5
15.8
-4.6
-10.7

228.3
-9.7
-4.7
-5.5

154.0
17.3
-4.9
-5.6

151.8
8.3
-5.1
-1.5

162.7
32.7
-3.2
1.8

219.6 Net change In assets
-11.9
Housenold sector
Nonfarm noncorp, business
-3.4
State and local governments
-2.9

19
20
21

-21.7
21.4
118.9

16.8
32.2
118.9

-18.9
17.7
139.9

-28.8
26.3
104.3

-16.9
52.0
99.2

-17.7
20.9
137.2

-22.1
69.7
-12.2

-12.9
43.2
119.5

-9.1
52.8
77.9

-16.4
40.3
180.0

-1.4
18.3
98.6

4.0
22.4
72.8

22
23
24
25
26

56.4
23.1
-56.7
-57.2
0.5

10.2
34.9
-96.3
-92.1
-4.1

-92.7
-11.0
-82.0
-90.9
8.8

79.2
40.7
-50.5
-45.8
-4.7

-51.0
12.6
-76.8
-60.8
4.0

-53.7
6.5
-37.0
-43.2
6.3

117.5
49.7
-18.9
-18.9
X

98.4
63.2
-10.8
-11.1
0.4

25.7
69.3
-43.3
-45.3
2.0

-53.8
9.2
-45.5
-55.2
9.7

16.0
45.8
6.8
4.6
2.2

138.5
116.3
13.7
6.8
6.9

27
28
29
30
31

-9.1
-19.3
• .5
10.0
0.8

-12.9
-7.8
-.5
-1.7
-2.9

-18.1
-16.2
-.5
-.4
-1.0

-23.9
-21.5
-.6
3.5
-5.2

-23.1
-28.7
-.9
10.4
-4.0

-9.5
-9.3
-1.2
4.2
-3.2

-12.8
-8.6
-1.6
1.9
-4.6

-11.7
-18.5
-1.6
6.1
2.2

-34.5
-34.3
-1.3
3.1
-2.1

-26.1
-20.2
-1.0
-5.3
0.4

-14.2
-12.9
-.7
-1.8
1.2

-15.5
-21.3
-.6
6.5
-.1

Insurance sector
Life insurance companies
Other insurance cos.
Private pension funds
St.&loc. govt. rtr.funds

27
28
29
30
31

32
33
34
35
36

-1.9
60.4
-.9
41.7
-.2

2.6
23.0

1.4
-38.5
2.6
53.1
-.2

6.1
28.9
-.3
76.5
-.2

-1.5
-12.8
2.6
48.1
-.2

1.0
-50.4
0.2
35.5
-.2

-4.6
65.1
0.8
38.6
-.3

-1.1
-1.6
1.0
59.6
-.3

2.5
-13.3
0.2
45.0
-.3

1.6
-55.4
0.7
61.9
-.2

6.5
-66.2
0.7
36.8
-.2

11.3
-20.0
0.7
32.3
-.2

Finance companies
Mortgage companies
REITs
ABS issuers
Bank personal trusts

32
33
34
35
36

-.7
59.6
-.2

Private nonfinancial sectors
Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate

9
10
11
12
13
14
15
16
17
18

19
U.S. government
Govt.-spons. enterprises (1) 20
Fed. related mortgage pools
21
Private finan. institutions
Commercial banking
Thrift institutions
Savings institutions
Credit unions

22
23
24
25
26

(1) FHLB loans to members are included in "other loans” category.

F.217 Home Mortgages (2)
I
2
3
4

206.5
201.8
4.2
0.4

233.2
228.4
4.3
O.S

92.6
87.5
4.6
0.5

227.4
222.3
4.5
0.5

164.9
159.4
4.9
0.6

120.9
115.4
5.0
0.6

193.5
187.9
5.0
0.6

236.5
230.8
5.2
0.6

184.5
178.7
5.2
0.6

180.2
174.3
5.3
0.6

144.9
138.9
5.4
0.6

199.6 Net borrowing
Household sector
193.5
Nonfarm noncorp, business
5.5
Nonfin. corporate business
0.6

1
2
3
4

5
6
7
8

206.5
3.3
-.3
0.4

233.2
18.8
0.8
-.5

92.6
5.6
0.8
-.2

227.4
-15.5
0.8
0.3

164.9
10.8
0.7
-2.1

120.9
15.6
-.4
-.2

193.5
14.7
-.5
-12.7

236.5
-12.5
-.5
-4.4

184.5
15.1
-.6
-6.5

180.2
4.2
-.6
-2.7

144.9
27.4
-.6
1.1

199.6 Net change in assets
Household sector
-15.6
Nonfarm noncorp, business
-.7
State and local governments
-3.9

5
6
7
8

9
10
11
12

-28.5
18.0
118.3
34.7

4.5
30.2
120.8
43.0

-4.2
16.7
142.4
-14.9

-10.8
24.9
105.7
50.6

2.4
S0.4
102.5
22.1

-5.9
20.1
139.7
16.7

-11.3
68.7
-9.6
51.0

-7.1
40.4
120.4
59.7

-4.4
51.6
77.4
72.3

-7.8
39.6
180.6
8.8

-2.3
16.4
98.6
35.2

0.9
21.3
73.8
96.5

U.S. government
Govt.-spons. enterprises
Fed. -elated mortgage pools
Commercial banking

9
10
11
12

13
14
15

-37.2
-37.8
0.5

-59.4
-55.3
-4.1

-55.1
-64.0
8.8

-32.5
-27.8

-43.9
-47.9
4. 0

-30.5
-36.8
6.3

l.l
1.1

-4.7

-8.6
-9.0
0.4

-31.9
-34.0
2.0

-37.8
-47.5
9.7

18.9
16.7
2.2

23.6
16.7
6.9

Thrift institutions
Savings institutions
Credit unions

13
14
15

16
17
18
19

6.3
-.7
7.5
-.5

1.2
2.7
X
-1.5

0.2
-.7
-.4
1.3

-1.2
-1.0
0.4
-.6

0.2
-1.4
1.9
-.3

-4.6
-5.3
0.8
-.1

0.3
-.4
0.4
0.3

0.3
-.8
1.1
X

-.5
-1.5
0.8
0.2

-2.0
-.9
-1.4
0.3

0.1
-.6
X
0.6

0.8
-.9
1.4
0.4

Insurance sector
Life insurance companies
Private pension funds
St.&loc. govt. rtr. funds

16
17
18
19

20
21
22
23
24

-1.9
59.7
■
33.9
-.2

2.6
23.5
1.5
46.4
-.2

1.4
-40.6
0.3
40.4
-.2

8.1
28.2
X
69.2
-.2

-1.5
-12.7
0.3
36.0
-.2

1.0
-50.3
R
20.0
-.2

-4.6
64.5
0.1
32.0
-.3

-1.1
-1.9
0.1
52.0
-.3

2.5
-14.2
X
24.0
-.3

1.6
-55.4
0.1
52.0
-.2

6.5
-66.2
0.1
10.0
-.2

11.3
-20.0
0.1
11.2
-.2

Finance companies
Mortgage companies
REITs
ABS issuers
Bank personal trusts

20
21
22
23
24

R

(2) Mortgages on 1-4 family structures.
BILLIONS OF DOLLARS




DECEMBER 7, 1994
Mortgages, Continued

Mortgages, Continued

F.218-F.220 Mortgage Markets, Continued

51

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.218 Multifamily Residential Mortgages
I Net borrowing
Nonfarm noncorp. business
2
3
Nonfin. corporate business
4
REITs
5
U.S. government

5.4
5.1
0.4
x
-.1

15.2
14.7
0.5
X
-.1

25.1
24.5
0.6
0.1
-.1

30.3
29.6
0.7
X
-.1

36.5
35.7
0.7
0.1
X

24.9
24.2
0.7
0.1
X

17.6
16.8
0.7
0.1
X

11.6
10.8
0.7
0.1
X

5.0
4.3
0.6
0.2
X

-3.0
-3.5
0.4
0.2
-

-11.0
-11.7
0.5
0.2
X

-4.9
-6.7
0.6
1.2
w

1
2
3
4
5

6 Net change in assets
7
Household sector
Nonfarm noncorp. business
8
9
State and local governments

5.4
-.5
1.0
1.4

15.2
1.4
1.1
2.4

25.1
0.2
2.0
4.5

30.3
2.4
0.7
3.2

36.5
4.4
1.0
7.0

24.9
5.5
-.9
7.0

17.6
X
0.5
l.l

11.6
-1.4
-.2
1.2

5.0
3.5
-.2
1.0

-3.0
1.0
-.6
1.0

-11.0
-1.4
-.1
0.7

-4.9
0.6
-.9
0.4

6
7
8
9

-4.5
1.7
-1.4
0.6
-2.4

10
11
12
13
14

10
11
12
13
14

U.S. government
Govt.-spons. enterprises
Fed. related mortgage pools
Commercial banking
Savings institutions

-.3
-.1
0.4
1.4
1.6

-.3
-.1
1.2
1.9
7.0

-.7
0.9
1.1
2.1
14.4

w
1.9
1.5
3.1
14.5

0.7
0.3
5.1
7.4
7.2

0.4
-.3
4.5
4.1
4.8

0.3
1.1
5.2
0.8
5.6

0.5
2.5
5.6
4.8
-4.8

10.6
1.2
2.3
-1.9
-14.2

8.9
1.4
-3.4
-.1
-11.9

-4.2
1.6
-2.3
1.1
-13.1

15
16
17

Life insurance companies
Private pension funds
St.alocal govt. rtr. funds

-.4
0.1
0.6

0.3
X
0.6

-.2
0.3
0.1

1.0
1.4
X

l.l
1.5
X

1.6
-1.0
-.4

2.0
0.3
-.2

2.3
1.2
-.3

2.1
-.2
-.2

0.6
-2.4
-.2

-1.8
0.1
r• 7

-2.0 15
0.2 16
-.1 17

18
19
20

Mortgage companies
REITs
ABS issuers

0.1
X
-

-.4
0.1
-

X
0.4
-

0.2
0.4
-

0.7
X
-

-.9
0.3
0.2

0.3
0.3
0.2

-.2
0.2
0.1

1.0
-.2
0.3

-.1
-.1
3.0

0.3
3.1
2.6

0.1 18
0.3 19
2.4 20

F.219 Commercial Mortgages
1 Net borrowing
2
Household sector
Nonfarm noncorp. business
3
4
Nonfin. corporate business
REITs
5

6 Net change in assets
7
Household sector
Nonfarm noncorp. business
8
9
State and local governments

26.8
3.0
60.6
-36.9
0.1

52.5
13.1
39.6
-.3
X

62.6
7.0
51.7
3.6
0.3

65.7
5.9
'69.1
-9.4
X

75.3
8.1
35.7
31.4
0.2

76.4
10.2
29.9
36.1
0.2

52.4
9.5
22.5
20.2
0.2

48.0
19.1
16.4
12.3
0.2

9.8
15.3
-1.1
-4.9
0.4

0.7
12.4
-11.4
-.6
0.3

-45.2
12.4
-29.4
-28.5
0.4

-20.1
17.5
-23.7
-16.4
2.4

1
2
3
4
5

26.8
-3.1
1.5
0.9

52.5
2.7
1.8
0.4

62.6
-.5
4.4
0.3

65.7
2.5
3.4
0.7

75.3
4.9
-.5
0.7

76.4
11.7
-3.6
0.6

52.4
-16.6
-.4
0.1

48.0
-5.0
-2.0
0.4

9.8
6.9
-2.4
0.7

0.7
2.2
-2.8
O.S

-45.2
0.3
-2.4
-.1

-20.1
2.9
-3.3
0.2

6
7
8
9

0.7
11.8
4.9

0.4
17.7
16.6

X
28.8
21.3

0.3
28.1
10.3

0.2
41.3
5.3

-1.8
43.0
5.2

-1.3
37.9
5.4

-.9
37.3
-7.1

9.0
13.4
-25.2

7.7
3.1
-22.4

-6.6
-8.4
-18.S

10
11
12

U.S. government
Commercial banking
Savings institutions

13
14
IS
16

Life insurance companies
Other insurance companies
Private pension funds
St.Slocal govt. rtr. funds

5.4
0.3
4.1
0.5

10.3
0.7
1.3
0.3

7.3
0.4
-1.1
0.6

16.5
0.7
0.9
0.2

21.4
1.0
X
0.8

17.6
0.6
2.1
-.1

20.8
0.6
3.2
0.5

17.9
0.9
3.6
-.1

9.6
0.4
-3.3
0.9

-1.0
-.4
11.9
0.8

-15.3
-.6
2.3
-2.3

17
13
19

Mortgage companies
REITs
ABS issuers

-.1
-.1

0.4
X

0.7
0.4

0.1
1.9

0.2
X

0.1
0.7
0.5

X
0.6
1.5

0.1
0.3
2.5

X
-.5
0.7

-.5
1.3

0.3
-2.5
8.7

-4.5 10
-4.3 ll
-7.5 12

-14.0
-1.4
2.8
-1.9

13
14
15
16

0.3 17
0.2 18
.10.3 19

F.220 Farm Mortgages
1 Net borrowing

4.1

2.4

-1.2

-6.6

-10.1

-6.9

-4.8

-2.5

-.3

0.4

l.i

0.5

1

2 Net change in assets
3
Household sector
4
Nonfarm noncorp. business

4.1
X
0.1

-1.2
-3.2
0.3
X

-6.6
-3.4
X
X

-10.1
-4.4
X

-4.8
-3.1
X
w

-2.5
-1.3
X
X

-.3
-.3
X
X

0.4
0.9
X
X

i.i
-.2
X
X

0.5
-1.3
X
X

2
3
4
5

6
7
8

5

State and local governments

X

2.4
X
-.1
X

0.2

-6.9
-2.3
X
X

6
7
8

U.S. government
Govt.-spons. enterprises
Fed. related mortgage pools

0.5
3.9
-.2

0.4
l.l
*

0.5
0.3
X

0.6
-4.5
-.2

0.3
-6.5
-.2

-.5
-4.8
X

-.4
-1.9
X

-.6
-1.8
w

-.7
-.9
X

-.4
-.5
X

3.9
-.1
X

0.7
-.2
~X

x
X

1.0
0.1
-.1
X

0.9
0.3
-.3
-

1.2
0.2
-.6
-

1.4
X
-.9
-

1.7
0.1
-1.0
-

1.1
-.1
-.3
-

1.2
w
X
-

0.6
-.2
1.2
-

1.2
-.1
-.7
-

1.4
-.1
-.8
-

1.0 9
X
10
0.3 11
12

9
10
11
12

Commercial banking
Savings institutions
Life insurance companies
St.Slocal govt. rtr. funds

BILLIONS OF DOLLARS.




-.3
-

DECEMBER 7, 1994
Mortgages* Continued

Mortgages, Continued

F.218-F.220 Mortgage Markets, Continued

52

SEASONALLY ADJUSTED ANNUAL RATES

1991
IV

I
I

SEASONALLY ADJUSTED ANNUAL RATES

1992

I

II

III

IV

|
1

1993
I

III

II

IV

I
I

I

1994
II

III

F.218 Multifamily Residential Mortgages
1
2
3
4
5

2.1
1.3
0.4
0.3
-

10.5
9.7
0.5
0.3
-

-16.9
-17.4
0.5
X
X

-11.3
-12.0
0.5
0.1
-

-26.2
-27.1
0.6
0.3
-

-5.1
-6.1
0.6
0.5
-

-11.0
-12.0
0.6
0.4
-

-2.9
-5.5
0.6
2.0
w

-.8
-3.2
0.6
1.8
X

-6.0
-6.7
0.6
0.1
X

4.5
3.7
0.6
0.2
R

6
7
8
9

2.1
1.8
-.7
0.6

10.5
0.2
X
0.5

-16.9
-1.7
-.1
1.3

-11.3
-1.3
-.1
0.3

-26.2
-2.8
-.2
0.8

-5,1
1.1
-.8
0.5

-11.0
-.3
-.8
0.7

-2.9
0.7
-.9
0.5

-.8
0.9
-.9
-.2

-6.0
O.S
-1.0
0.6

10
11
12
13
14

4.0
2.8
0.7
1.8
-8.0

7.0
2.0
-1.9
0.3
-10.9

-11.5
1.0
-2.S
2.9
-9.5

-7.7
1.3
-1.4
4.1
-4.3

-4.8
2.2
-3.3
-2.9
-15.7

-6.0
1.3
-2.5
-2.4
3.3

-5.3
0.9
-2.6
2.5
-9.2

-4.1
2.0
-.9
-1.6
0.5

-2.6
2.5
0.5
3.9
-4.3

15
16
17

-1.6
-6.8
-.2

0.4
0.3
-.7

-1.7
-.3
-.8

-2.5
0.1
-.7

-3.3
0.4
-.5

-.5
0.2
-.5

-1.1
0.1
0.2

-2.1
0.4
-.1

18
19
20

0.7
7.0

0.1
9.2
4.0

-.1
1.7
4.4

1.0
-.2

0.2
1.7
2.0

*
-.1
1.4

0.3
0.5
3.0

-.2
0.6
2.3

7.2 Net borrowing
6.5
Nonfarm noncorp. business
0.6
Nonfin. corporate business
X
REITs
X
U.S. government

I
2
3
4
5

4.5
1.6
-1.0
0.4

7.2 Net change ln assets
1.7
Household sector
-1.1
Nonfarm noncorp. business
0.3
State and local governments

6
7
8
9

-5.1
1.8
-.6
-.7
-1.8

-.5
0.8
-.1
-2.0
-2.7

0.9
0.3
-1.0
0.7
-2.5

U.S. government
Govt.-spons. enterprises
Fed. related mortgage pools
Commercial banking
Savings institutions

10
11
12
13
14

-4.1
0.1
0.1

-2.3
0.2

-1.5
-.3
0.1

-2.5
0.3
0.1

Life insurance companies
Private pension funds
St.Slocal govt. rtr. funds

15
16
17

0.3
0.2
2.8

0.5
2.0

0.5
9.2

0.5
9.5

Mortgage companies
REITs
ABS issuers

18
19
20

F.219 Commercial Mortgages

1
2
3
4
5

-28.0
23.2
-33.7
-18.0
0.6

-46.3
11.8
-32.8
-25.9
0.6

-25.8
8.7
-16.6
-18.0
0.1

-57.7
25.6
-40.8
-42.8
0.3

-50.8
3,5
-27.5
-27.4
0.6

-14.8
10.3
-19.3
-6.8
0.9

-30.0
30.8
-30.2
-31.5
0.9

-5.8
12.7
'-17.7
-4.9
4.1

-30.0
16.2
-27.6
-22.2
3.7

-23.3
0.2
-13.9
-9.8
0.2

7.4
13.0
-4.5
-1.5
0.4

9.0 Net borrowing
Household sector
9.5
-4.9
Nonfarm noncorp. business
4.4
Nonfin. corporate business
0.1
REITs

1
2
3
4
5

6
7
8
9

-28.0
3.4
-3.0
1.2

-46.3
1.7
-2.4
0.3

-25.8
1.5
-2.4
0.9

-57.7
-.2
-2.4
-1.8

-50.8
0.3
-2.5
0.1

-14.8
2.2
-3.2

-30.0
3.3
-3.3
1.2

-5.8
3.9
-3.4
-1.5

-30.0
2.4
-3.4
i.l

-23.3
3.4
-3.5
0.7

7.4
1.8
-1.6
0.3

9.0 Net change in assets
1.6
Household sector
Nonfarm noncorp. business
-1.7
0.7
State and local governments

6
7
8
9

10
11
12

2.8
-14.8
-11.4

5.6
-10.3
-25.9

-5.2
-.5
-17.3

-11.4
-15.5
-13.7

-15.2
-7.4
-17.1

-6.2
-8.1
-9.7

-6.2
-5.3
-10.8

-2.5
4.1
-2.7

-2.9
-8.0
-6.9

-4.1
-.4
-5.3

0.1
10.9
-9.4

1.3
17.1
-7.3

13
14
15
16

-16.3
-.5
9.3
1.6

-9.5
-.5
-2.0
-.6

-12.3
-.5
0.3
-1.4

-18.1
-.6
2.9
-3.9

-23.5
-.9
8.1
-3.1

-3.7
-1.2
3.2
-2.6

-7.6
-1.6
1.3
-5.0

-15.1
-1.6
4.7
2.4

-29.4
-1.3
2.2
-2.4

-16.6
-1.0
-3.9
X

-1.0.8
-.7
-1.5
0.6

-17.9
-.6
4.8
-.6

17
18
19

-.9
0.8

-.6
-11.4
9.2

2.2
0.6
8.3

-.3
-.1
7.3

-.3
0.6
10.1

0.4
14.1

0.2
0.2
3.6

0.5
0.2
5.3

0.6
0.1
18.1

0.2
7.9

0.2
17.6

0.2
11.6

X

x

U.S. government
Commercial banking
Savings institutions

10
11
12

Life insurance companies
Other insurance companies
Private pension funds
St.Slocal govt, rtr, funds

13
14
15
16

Mortgage companies
REITs
ABS issuers

17
18
19

F.220 Farm Mortgages
I

0.9

-.6

2.7

2.8

2
3
4
5

0.9
-.3
*

-.6
-.7

2.7
0.8

2.8

6
7
8

0.1
0.6
*

- .4

9
10
11
12

1.4
-.1
-.8
-

2.0
-.1
-1.4
-

X
X

x

X
X

BILLIONS OF DOLLARS.




X
X
1.9

X

*

1.5
-.1
-1.5
-

X
X

-.5

0.2

1.0

0.4

0.2

0.8

6.0

3.7 Net borrowing

1

-.5
-1.0

0.2
-.4

1.0
-1.9

0.4
-1.8

0.2
-1.1
w

0.8
0.2

6.0
1.8

3.7 Net change in assets
Household sector
0.5
X
Nonfarm noncorp. business
X
State and local governments

2
3
4
5

1.3
l.l

1.0
0.2
-

U.S. government
Govt.-spons. enterprises
Fed. related mortgage pools

6
7
8

1.7
X
X

1.9

Commercial banking

0.1
-

Savings institutions
Life insurance companies
St.Slocal govt. rtr. funds

X

X

X
X

X
X

X
X

1.1
0.1

0.8
-.6

0.4
-.5

0.7
0.2
-

0.8
0.3

0.8
-1.3
-

0.7
-1.0

0.9

0.3

1.5

1.0

0.2
-

0.5
-

-.5
-

1.1
-.1
0.8
-

1.5

-.6
-

X

1.4

X
0.2
-

X

X

X

X

X

w
X

X

X

X

X

w

X
X

-.5
-

X

-

X

9
10
11
12

DECEMBER 7, 1994
Consumer Credit and Bank Loans n.e.c

Consumer Credit and Bank Loans n.e.c

F.221-F.222 Consumer Credit and Bank Loans Not Elsewhere Classified

53

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

62.3
65.1
-2.8

F.221 Consumer Credit

1 Net change in liabilities (HH)
2
Installment credit
Noninstallment credit
3

16.4
14.9
1.6

48.9
44.1
4.8

81.7
75.0
6.6

82.3
76.8
5.5

57.5
54.9
2.7

32.9
37.4
-4.5

50.1
54.8
-4.7

45.8
42.2
3.5

16.0
19.0
-3.0

-15.0
-4.9
-10.1

5.5
2.2
3.3

4 Net change in assets
Installment credit
5
Nonfarm noncorp. business
6
Nonfin. corporate business
7
Commercial banking
8
Savings institutions
9
Crsdit unions
10
Finance companies
11
ABS issuers
12

16.4
14.9
X
0.5
4.9
2.8
1.3
5.4
-

48.9
44.1
2.9
19.5
5.1
6.2
10.4
-

81.7
75.0
2.1
39.6
12.6
12.7
8.0
-

82.3
76.8
3.1
33.4
12.9
6.6
20.7

57.5
54.9
3.1
21.8
7.1
4.4
18.6
-

32.9
37.4
5.9
20.3
4.2
4.0
3.0

50.1
54.8
5.9
37.6
2.6
7.3
1.4
-

45.8
42.2
0.9
20.5
-3.3
3.3
-.7
21.6

16.0
19.0
2.9
4.3
-11.9
-.1
-6.0
29.7

-15.0
-4.9
-2.9
-6.4
-6.8
-1.3
-12.4
24.8

5.5
2.2
2.3
-10.6
-4.3
1.4
-4.6
18.1

Noninstallment credit
Nonfarm noncorp. business
Nonfin. corporate business
Commercial banking
Savings institutions

1.6
-.1
1.9
-.2

4.3
1.7
3.2
-.1

6.6
0.9
5.6
0.2

5.5
1.0
4.0
0.5

2.7
1.5
3.0
-1.8

-4.5
1.1
-3.8
-1.8

-4.7
1.0
-4.5
-1.2

3.5
2.0
2.4
-.9

-3.0
0.5
-2.4
-1.0

-10.1
-1.3
-8.2
-.7

3.3
0.1
3.7
-.5

-2.8
2.0
-4.5
-.3

13
14
15
16
17

13
14
15
16
17

1
2
3

62.3 4
65.1 5
6
8.5 7
38.5 8
0.8 9
9.9 10
-1.8 11
9.3 12

F.222 Bank Loans Not Elsewhere Classified

Total loans by commercial
banking, flow of funds basis
1

72.8

83.4

156.9

136.0

158.1

102.9

148.4

161.9

83.6

-3.1

18.5

83.6

1

16.0
6.7
X
0.3
49.8

29.2
22.7
2.4
0.5
28.4

44.6
45.2
5.8
-1.8
63.1

49.7
37.5
11.0
-2.9
40.7

70.1
24.8
-5.8
-1.1
70.2

86.2
16.5
-5.3
2.6
2.8

77.8
33.1
-.5
-1.2
39.1

94.3
22.8
4.3
-.2
40.7

78.6
1.9
-2.0
2.8
2.2

31.9
-14.5
10.6
-2.0
-29.1

19.3
-6.9
16.9
-1.4
-9.4

47.2
34.0
12.7
-1.9
-8.3

2
3
4
5
6

47.9
-1.0
0.2
2.7

27.3
-.3
-.4
1.3

56.0
0.1
5.7
1.3

28.8
-.7
10.5
2.1

46.6
1.5
21.9
0.2

-14.9
0.5
17.4
-.1

18.5
-.3
20.5
0.4

24.9
1.6
14.0
0.1

-7.8
-.2
6.9
3.3

-53.5
-1.9
29.3
-3.0

-19.8
0.4
9.9
0.2

7.8 7
-1.8 8
9
-13.7
-.5 10

11 * Loans from F.R. banks
12 = Total bank loans n.e.c.

49.8

28.4

63.1

40.7

70.2

2.8

39.1

40.7

2.2

-29.1

-9.4

11
-8.3 12

13 Net change in liabilities
14
Nonfinancial sectors
Household sector
15
16
Farm business
17
Nonfarm noncorp. business
Corporate business
18

49.8
47.3
1.8
3.2
-9.5
57.2

28.4
25.9
0.5
2.8
-.5
19.4

63.1
57.4
-4.1
1.0
16.8
50.2

40.7
40.9
10.1
-4.4
6.2
32.0

70.2
57.8
1.5
-4.3
11.9
49.6

2.8
11.1
2.2
-2.2
6.1
8.6

39.1
36.4
-3.9
0.8
4.4
36.9

40.7
27.2
-10.4
1.0
2.6
34.2

2.2
-2.5
-6.5
2.1
2.9
l.S

-29.1
-37.8
-3.4
1.7
-14.3
-24.9

-9.4
-11.5
2.7
O.i
-4.5
-12.0

-8.3
5.7
8.3
2.1
-2.2
-3.2

13
14
15
16
17
18

-5.5
X
0.7
-6.2

3.6
3.0
-.9
l.S

-6.6
-.9
-3.1
-2.6

-2.8
-1.4
-1.3
-.1

-1.0
X
1.0
-2.1

-3.6
-.9
-2.9
0.2

-1.8
-.5
-1.3

-.1
-1.4
0.7
0.5

-2.9
-.5
-2.7
0.4

3.1
-.4
1.0
2.5

2.3
1.0
0.7
0.6

0.7
-1.0
1.2
0.5

19
20
21
22

2.5
-.1
1.0
1.6
X

2.5
0.3
1.8
0.6
-.2

5.7
2.5
1.7
1.5
0.1

-.2
1.9
-3.6
1.2
0.3

12.3
-.6
3.7
9.0
0.3

-8.3
-.5
2.9
-11.2
0.5

2.7
0.1
1.0
H
1.6

13.5
-.7
3.1
10.1
1.0

4.7
0.5
4.0
X
0.3

8.8
-.7
11.3
-2.4
0.6

2.2
X
-4.6
8.0
-1.3

-14.0
-.5
-12.3
-1.0
-.2

23
24
25
26
27

Loans elsewhere classified:
Mortgages
2
Consumer credit
3
4
Security credit
Open market paper
5
6 ~ Banking sector total bank
loans n.e.c.
7
U.S.-chartered banks
Bank holding companies
8
Foreign banking off. in US
9
10
Banks in U.S.-aff. areas

19
20
21
22

23
24
25
26
27

Rest of the world
Foreign official inst.
Foreign banks
Other foreign
Financial sectors
Savings institutions
Finance companies
Mortgage companies
REITs

BILLIONS OF DOLLARS.




DECEMBER 7, 1994
Consumer Credit and Bank Loans n.e.c.

Consumer Credit and Bank Loans n.e.c.

F.221-F.222 Consumer Credit and Bank Loans Not Elsewhere Classified

SEASONALLY ADJUSTED ANNUAL RATES
1992

1991 1
IV
1

]C

II

c/

SEASONALLY ADJUSTED ANNUAL RATES

IV

III

1
1

1993
I

II

IV

III

I

1994
II

!

III

F.221 Consumer Credit

1
2
3

-10.3
ii .a
-22.1

-4.6
-5.3
0.7

-15.0
-8.2
-6.8

12.0
6.8
5.2

29.6
15.5
14.1

20.3
33.1
-12.8

41.6
37.5
4.1

76.2
79.2
-3.0

111.3
110.6
0.7

72.7
67.5
5.2

121.9
129.9
-8.0

127.1 Net change In liabilities (HH)
128.8
Installment credit
-1.8
Noninstallment credit

4
5
6
7
&
9
10
11
12

-10.3
U.S
-10.2
6.0
-4.5
3.0
-7.3
24.8

-4.6
-5.3
-2.3
-7.4
-10.7
4.9
-4.5
14.8

-15.0
-8.2
10.5
-8.2
-4.3
-7.4
-13.4
14.6

12.0
6.8
8.4
-14.5
-2.2
5.6
-6.9
16.4

29.6
15.5
-7.5
-12.4
-.1
2.6
6.3
26.6

20.3
33.1
1.9
41.0
-1.9
7.0
-12.7
-2.1

41.6
37.5
15.2
24.9
2.8
13.0
-15.3
-3.1

76.2
79.2
12.9
43.3
-.3
10.3
-4.5
17.4

111.3
110.6
3.9
44.6
2.7
9.5
25.1
24.8

72.7
67.5
3.2
44.5
-2.9
7.7
25.3
-10.3

121.9
129.9
17.7
67.9
4.0
23.2
10.0
7.2

4
127.1 Net change in assets
128.8
Installment credit
5
Nonfarm noncorp. business
6
3.9
Nonfin. corporate business
7
77.3
Commercial banking
8
-.8
Savings institutions
9
23.9
10
Credit unions
18.5
Finance companies
11
6.0
ABS issuers
12

13
14
15
16
17

-22.1
-.6
-21.0
-.5

0.7
-2.9
4.3
-.6

-6.8
-5.4
-.9
-.5

5.2
4.1
1.5
-.4

14.1
4.6
9.9
-.4

-12.8
-.6
-11.8
-.4

4.1
-4.2
8.7
-.4

-3.0
7.4
-10.0
-.4

0.7
5.6
-4.9
-.1

5.2
5.2

-8.0
-5.2
-2.8

-1.8
8.5
-10.2

111.4

116.7

230.2

M

1
2
3

Noninstallment credit
Nonfarm noncorp. business
Nonfin. corporate business
Commercial banking
Savings institutions

13
14
15
16
17

Total loans by commercial
banking* flow of funds basis

1

F.222 Bank Loans Not Elsewhere Classified
I

-31.4

37.2

-31.3

55.5

12.9

-35.5

136.7

80.4

152.9

Loans elsewhere classified:
116.3
2
Mortgages
67.1
Consumer credit
3
-29.1
Security credit
4
-.9
Open market paper
5
76.8 = Banking sector total bank
6
loans n.e.c.
49.6
U.S.-chartered banks
7
M
Bank holding companies
8
26.5
Foreign banking off. in US 9
0.6
Banks in U.S.-aff. areas
10

2
3
4
5
6

23.1
-15.0
*
2.6
-42.1

34.9
-3.1
14.7
-.4
-8.9

-11.0
-9.1
2.6
-1.8
-12.0

40.7
-13.0
32.8
-3.9
-l.l

12.6
-2.5
17.7
0.3
-15.3

6.5
29.2
-19.7
-2.3
-49.2

49.7
33.6
40.1
-5.9
19.2

63.2
33.3
-6.2
-2.6
-7.3

69.3
39.7
36.4
3.2
4.2

9.2
49.7
-3.0
-6.4
61.9

45.8
65.1
-20.1
-1.2
27.1

7
8
9
10

-61.5
0.4
’ 21.2
-2.2

-27.1
-.9
18.8
0.2

-31.3
-1.6
20.5
0.3

-12.3
5.9
5.1
0.2

-8.5
-2.0
-4.7

-29.4
-1.6
-17.9
-.3

21.5
2.1
-3.7
-.7

9.2
-1.9
-13.9
-.7

29.9
-6.0
-19.3
-.3

24.6
-.8
38.0
K

43.2
1.9
-18.3
0.3

11
12

-42.1

-8.9

-12.0

-1.1

-15.3

-49.2

19.2

-7.3

4.2

61.9

27.1

+ Loans from F.R. banks
76.8 - Total bank loans n.e.c.

11
12

13
14
15
16
17
18

-42.1
-65.5
-13.6
0.8
-20.4
-38.7

-8.9
-29.4
-13.9
0.4
-4.0
-13.3

-12.0
-6.4
12.2
1.8
-10.6
-23.9

-1.1
-19.1
-19.9
-.4
-2.5
-.3

-15.3
8.8
32.2
-1.5
-1.0
-10.6

-49.2
-14.6
8.3
-.6
-7.8
-16.1

19.2
6.4
-17.5
1.8
6.2
9.4

-7.3
8.8
24.5
3.8
-10.7
-9.7

4.2
22.2
18.0
3.6
3.3
3.6

61.9
80.2
29.2
1.9
8.3
34.8

27.1
72.2
5.6
6.0
9.7
51.8

76.8 Net cnange in liabilities
94.4
Nonfinancial sectors
18.4
Household sector
2.2
Farm business
12.3
Nonfarm noncorp. business
60.6
Corporate business

13
14
15
16
17
18

19
20
21
22

6.5
-.3
-1.7
8.4

1.5
0.2
0.7
0.5

14.1
0.5
5.9
7.6

3.9
1.3
1.6
1.0

-10.3
1.8
-5.4
-6.6

1.5
-1.4
2.3
0.6

6.6
0.4
3.2
3.0

1.0
1.2
2.0
-2.3

-6.3
-4.0
-2.7
0.5

6.0
1.5
3.3
1.2

-.8
-2.7
-.1
2.0

0.9
1.2
-1.2
0.8

19
20
21
22

23
24
25
26
27

23.4
-2.8
2.6
22.2
1.5

20.4
1.7
-10.6
27.5
1.8

-5.7
-2.7
-.2
-3.3
0.6

18.0
0.6
1.7
14.4
1.3

-24.1
0.4
-9.4
-6.4
-8.8

-34.6
-1.2
-7.6
-25.2
-.6

12.8
-1.3
-18.2
32.4
-.1

-16.1
-1.0
-14.0
-.8
-.2

-18.0
1.6
-9.3
-10.4
0.1

-18.3
7.0
2.1
-27.6
0.2

-45.1
-9.4
-2.9
-33.2
0.4

-17.6
-1.1
-7.0
-10.0
0.5

BILLIONS OF DOLLARS




Rest of the world
Foreign official inst.
Foreign banks
Other foreign

Financial sectors
Savings institutions
Finance companies
Mortgage companies
REITs

23
24
25
26
27

DECEMBER 7, 1994
Open Market Paper and Other Loans

Open Market Paper and Other Loans

F.223-F.224 Open Market Paper and Other Loans

55
ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

-5.1
2.5
10.0
-9.0

F.223 Open Market Paper
1 Total net Issues, all types
2
Commercial paper
3
Nonfin. corporate business
4
Foreign issues in U.S.

5
6
7
8
9
10
11

Financial business
Commercial banking
Funding corporations
Finance companies
REITs
ABS issuers

Bankers acceptances (1)

12 Net purchases, by sector
Household sector
13
14
Nonfin. corporate business
Rest of the world
15

16
17
18
19
20
21

Govt.-spons. enterprises
Monetary authority
Commercial banking (1)
Funding corporations
Savings institutions
Credit unions

22
23
24
.25
26
27
28

Lifa insurance companies
Private pension funds
St.Slocal govt. rtr. funds
Mutual funds
Money market mutual funds
Brokers and dealers
Bank personal trusts

5.7
-5.4
-6.1
1.9

26.9
21.7
-.8
6.5

51.9
48.2
21.7
6.2

52.8
62.2
14.6
6.2

26.4
32.2
-9.3
11.5

32.3
26.8
1.6
3.8

75.4
78.2
11.9
8.7

65.9
70.1
21.4
13.1

30.7
36.0
9.7
12.3

-44.0
-29.7
-18.4
6.4

13.1
17.0
8.6
5.2

-1.1
1.4
3.4
-5.8
-.1
-

16.0
3.5
2.9
9.1
-.1
0.7

20.3
6.1
0.4
12.6
0.2
0.9

41.4
2.2
8.6
29.6
0.1
0.9

30.1
-3.3
10.6
21.6
0.3
0.9

21.3
1.5
7.0
10.7
0.4
1.8

57.6
-.2
39.1
17.1
-.1
1.7

35.6
4.4
13.8
8.7
-.2
8.9

13.9
-18.7
12.5
4.6
-.2
15.7

-17.7
-5.8
-13.5
-5.8
x
7.3

3.2
-3.9
1.5
-3.1

X

8.6

1
2
3
4

1.5 5
5.2 6
-10.7 7
2.7 8
-.3 9
4.6 10

11.1

5.3

3.7

-9.4

-5.9

5.6

-2.7

-4.2

-5.3

-14.3

-3.9

5.7
-4.2
9.9
-1.7

26.9
17.9
4.7
0.8

51.9
-1.6
3.4
1.2

52.8
58.4
0.5
-.2

26.4
-5.8
-4.4
-.1

32.3
3.3
5.7
1.0

75.4
31.3
0.4
2.8

65.9
-9.0
5.4
2.4

30.7
-8.3
1.5
-2.0

-44.0
-34.8
-.8
0.6

13.1
5.2
1.6
1.6

-5.1
-35.5
3.4
5.7

12
13
14
15

-.3
0.3
0.1
1.8

0.4
0.5
1.5
-1.7
-

-.1
-1.8
0.1
-1.4
0.1

-.6
-2.9
0.7
-.2
0.1

X

-1.1
2.6
1.8
0.6

2.6
2.2
-1.0
-.3

0.4
-1.2
4.0
0.8
0.4

2.9
-.2
8.0
-.7
0.3

0.5
2.8
16.1
x
1.2

7.1
-2.0
15.8
0.5
0.3

2.7
-1.4
23.5
-.7
0.4

-1.7
-1.9
18.1
-.3
-.7

16
17
18
19
20
21

3.1
-9.3
-.6
-1.3
4.9
3.1

5.3
2.0
2.0
1.0
-3.0
-4.8
0.3

1.9
2.4
3.0
2.4
31.8
5.7
4.9

-2.3
0.2
5.0
-2.3
1.2
* -2.8
-2.2

4.5
8.3
6.5
5.3
6.2
-2.0
4.1

2.7
5.6
6.0
3.2
6.0
-1.5
-3.1

5.1
2.5
-2.2
8.9
17.8
0.6
3.8

4.4
-9.9
-1.0
-1.9
57.5
3.0
4.7

-8.9
-1.4
4.1
4.9
20.1
0.6
-.5

-6.9
-4.1
9.3
-4.4
-14.7
-4.4
-5.2

-7.8
-2.9
5.8
7.3
-17.3
-2.4
-2.5

-2.8
1.3
0.3
21.4
-9.6
0.4
-3.2

22
23
24
25
26
27
28

X

-7.7 11

(1) Excludes banks' holdings of own acceptances.

F.224 Other Loans

1 Total other loans

34.2

35.7

94.7

56.3

72.7

72.2

70.5

44.7

35.6

-84.9

9.5

4.7

1

2 Savings inst. loans to bus.
Nonfarm noncorp. bus.
3 Liab. :
4
Nonfin. corp, business

1.8
0.9
0.9

6.0
3.0
3.0

9.0
4.5
4.5

8.7
4.3
4.3

10.5
5.2
5.2

1.1
0.5
0.5

3.4
1.7
1.7

-1.3
-.9
-.9

-12.7
-6.3
-6.3

-10.6
-5.3
-5.3

-10.1
-5.0
-5.0

-1.6
-.8
-.8

2
3
4

5 Finance co. loans to business
Nonfarm noncorp. bus.
6 Liab. :
7
Nonfin. corp, business

0.9
0.2
0.7

13.1
2.6
10.4

24.4
4.9
19.5

20.9
4.2
16.7

18.4
3.7
14.8

36.6
7.3
29.3

31.6
6.3
25.3

26.3
5.3
21.0

23.3
4.7
18.7

-.6
-.1
-.5

3.6
0.7
2.9

-6.7
-1.3
-5.3

5
6
7

8 A3S issuer loans to business
9 Liab. : Nonfarm noncorp. bus.
10
Nonfin. corp, business

-

-

-

-

-

-

0.6
0.1
0.5

3.8
0.8
3.0

3.0
0.6
2.4

2.8
0.6
2.3

11 U.S. government loans
Household sector
12 Liab. :
13
Farm business
14
Nonfarm noncorp. bus.
15
Nonfin. corp, business
16
St.Slocal governments
17
Rest of the world
18
Govt.-sp. enterprises

13.6
1.6
0.2
4.6
1.3
1.0
4.5
0.4

8.5
0.8

2.7
-.5
1.1
4.3
-

16.7
0.6
1.1
2.0
1.2
7.7
4.0
-

15.9
7.0
0.4
0.5
-2.6
8.2
1.4
1.1

9.0
4.4
-.2
0.7
1.5
1.4
1.5
-.4

-3.0
3.3
-.4
-.6
0.1
-2.4
-2.4
-.8

-8.9
3.9
-3.9
0.6
-1.0
-3.3
-5.1
-

-2.3
0.5
0.3
-.1
-.4
-.2
-2.3
-

-1.9
3.0
0.2
-1.3
-.8
0.9
-3.7
-.1

-4.9
2.2
-1.4
0.1
-.8
0.4
-5.4
*

0.7
-.4
-.3
-.1
-.1
0.2

19 Govt. -spons. enterprise loans
20 Liab. :
Household sector(SLMA)
21
Farm business (FIC3)
22
Noncorp. business (BC)
23
Commercial banks(FHLB)
24
Savings inst. (FHLB)
25
Credit unions (FHLB)
26
Life insurance (FHLB)

0.8
1.6
-.8
-.8
0.8
-

-6.1
1.5
-1.3
0.9
-7.0
-

16.0
1.9
-1.2
-.4
15.7
-

11.8
2.5
-3.9
-1.0
14.2
-

19.2
2.4
-2.3
-.7
19.8
-

27.3
3.7
-1.6
0.8
24.4
-

21.9
2.8
-2.3
1.6
19.7
-

-5.7
3.4
1.9
-11.0
-

-20.0
4.1
0.3
0.2
0.4
-25.1
-

-32.2
3.0
1.4
1.4
1.6
-39.7

3.8
1.6
0.2
1.2
4.3
-3.6

-

X
X

27 Policy loans (HH liability)
28 Asset :
U.S. government
29
Life insurance cos.

4.2

0.4

-.1

4.8

5.7

-.1

0.4
-.4

-.1
-.7
0.6

4.1

0.4

-.1
0.2
-.3

3.2

4.3

1.1
*
1.1

3.2

4.1

4.8

5.7

5.7 27
X 28
5.7 29

Cust. liab. on acceptances
30
outstanding (bank asset)
31 Liab:
Nonfin. corp, business
32
Rest of the world

7.7
-.8
8.5

6.9
7.0
-.1

3.8
2.8
1.0

-9.5
-2.1
-7.4

-5.6
-.2
-5.4

5.4
4.4
1.0

-2.3
-2.4

-2.1
3.2
-5.3

-9.8
-6.6
-3.2

-10.2
-5.9
-4.4

-3.6
-2.9
-.7

-6.4 30
-3.3 31
-3.1 32

Foreign loans to US corp. bus.
33 Liab. :
Nonfin. corp, business

5.1

6.3

24.6

8.6

21.4

4.8

25.0

26.4

48.3

-34.1

7.2

-19.4 33

BILLIONS OF DOLLARS.




X

X

X

X

X

-

X

X

X

X

X

X

X

X

9.7 8
1.9
9
7.7 10

-2.9
-1.2
-.7
0.6
0.2
-.6
-1.1
-

11
12
13
14
15
16
17
18

26.4
1.8
0.2
1.2
9.7
13.2
0.2
0.2

19
20
21
22
23
24
25
26

DECEMBER 7, 1994
Open Market Paper and Other Loans

Open Market Paper and Other Loans
F.223-F.224 Open Market Paper and Other Loans

SEASONALLY ADJUSTED ANNUAL RATES
1991
IV

I
1

SEASONALLY ADJUSTED ANNUAL RATES

1992
1[

II

1993

1
IV

III

t

II

I

IV

III

1
1

I

1994
II

III

67.8 Total net issues, all types
Commercial paper
63.0
33.8
Nonfin. corporate business
Foreign Issues in U.S.
-8.1

F.223 Open Market Paper

1
2
3
4

-2.5
10.7
-7.5
14.9

1.8
3.9
10.3
-8.0

11.9
21.5
-2.0
27.8

35.1
37.9
4.0
13.1

3.7
4.7
22.3
-12.1

-110.9
-104.1
-14.1
-21.7

16.4
26.0
33.2
-.6

6.3
12.1
17.2
-1.6

67.7
76.1
3.8
-12.0

-57.2
-58.4
8.0
-101.8

13.3
17.4
16.4
-5.2

5
6
7
8
9
10

3.3
-1.7
4.2
-7.0
-.1
7.9

1.7
-1.1
6.1
-11.0
-.2
7.8

-4.2
-6.1
14.1
-11.6
it
-.6

20.8
-1.6
-1.2
15.3
ii
8.2

-5.5
-6.6
-13.1
-5.1
0.1
19.2

-68.3
9.1
-62.2
-16.1
-.8
1.7

-6.5
3.4
-7.6
-5.7
-.6
3.9

-3.6
-2.7
-5.4
14.1
0.1
-9.6

84.4
11.0
32.4
18.7
22.3

35.4
4.4
-.3
38.2
N
-7.0

6.2
6.8
-31.6
38.5
0.2
-7.6

11

-13.2

-2.1

-9.6

-2.8

-1.0

-6.8

-9.6

-5.8

-8.4

1.2

-4.1

12
13
14
15

-2.5
11.7
-7.3
6.6

1.8
-72.0
9.7
-3.7

11.9
50.4
-8.0
2.0

35.1
-47.0
1.7
4.9

3.7
89.6
2.9
3.1

-110.9
-112.0
1.3
-.2

16.4
-42.9
1.1
27.8

6.3
44.2
0.8
1.0

67.7
-31.3
10.4
-5.8

-57.2
-79.4
-13.8
16.9

13.3
-88.7
-2.6
0.6

16
17
18
19
20
21

7.3
2.6
25.8
0.9
-1.2

1.6
-.4
30.1
-2.2

5.4
-1.8
-17.3
-1.1
2.4

3.2
-3.9
69.9
0.1
0.3

0.5
0.3
11.4
0.3
-1.2

-2.5
-2.3
-3.8
0.1
0.8

3.6
-5.9
1.1
-1.3
-1.4

2.1
-2.6
32.4
-.3
-1.7

-9.8
3.2
42.6
0.4
-.7

9.5
-6.4
17.8
0.2
-2.0

-2.1
-1.2
35.3
0.2
1.7

-7.9
-.9
18.7
-.9
-.2

22
23
24
25
26
27
28

-27.9
6.3
1.4
-6.2
-14.5
-3.3
-4.7

-9.6
0.9
2.2
40.0
10.0
-1.5
-3.3

-10.5
-5.4
8.9
10.5
-33.8
12.4
-2.2

-11.2
-6.4
6.4
27.0
-6.2
-1.9
-1.9

-.1
-.7
5.8
-48.2
-39.1
-18.4
-2.6

-7.2
10.1
5.3
27.4
-30.6
5.7
-3.0

-1.7
0.9
6.9
39.9
-11.0
2.8
-3.4

-12.6
-5.4
-14.1
-7.7
-24.6
-2.0
-3.4

10.4
-.5
3.1
26.2
27.8
-5.0
-3.2

-7.2
-7.2
0.4
47.5
-22.0
-8.5
-2.9

-17.0
-6.3
0.8
26.7
38.7
30.0
-2.8

-.3
1.2
0.8
25.5
37.5
-23.7
-2.7

X

37.3
ll.l
20.3
-10.7
0.2
16.4
4.8

Financial business
Conaercial banking
Funding corporations
Finance companies
REITs
ABS issuers
Bankers acceptances (1)

67.8 Net purchases, by sector
Household sector
36.9
-3.8
Nonfin. corporate business
-12.3
Rest of the world

1
2
3
4
5
6
7
8
9
10

11

12
13
14
15

Govt.-spons. enterprises
Monetary authority
Commercial banking (1)
Funding corporations
Savings institutions
Credit unions

16
17
18
19
20
21

Life insurance companies
Private pension funds
St.Slocal govt. rtr. funds
Mutual funds
Money market mutual funds
Brokers 3nd dealers
Bank personal trusts

22
23
24
25
26
27
28

(1) Excludes banks* holdings of own acceptances.
F.224 Other Loans

49.0 Total other loans

1

1

-78.7

-12.0

9.6

23.9

16.3

-10.4

-8.7

4.9

32.9

47.0

43.1

2
3
4

-5.1
-2.5
-2.5

-7.3
-3.7
-3.7

-6.1
-3.0
-3.0

-4.1
-2.1
-2.1

-22.7
-11.3
-11.3

-4.6
-2.3
-2.3

-.9
-.4
-.4

0.1
tt

-1.0
-.5
-.5

-1.8
-.9
-.9

-.4
-.2
-.2

-.1 Savings inst. loans to bus.
k
Liab. : Nonfarm noncorp. bus.
«
Nonfin. corp, business

2
3
4

5
6
7

-16.9
-3.4
-13.5

2.9
0.6
2.3

-2.0
-.4
-1.6

-3.9
-.8
-3.1

17.5
3.5
14.0

-21.7
-4.3
-17.4

-14.8
-3.0
-11.9

14.9
3.0
11.9

-5.0
-1.0
-4.0

45.1
9.0
36.1

33.3
6.7
26.7

29.2 Finance co. loans to business
Nonfarm noncorp. bus.
5.8 Liab. :
Nonfin. corp, business
23.3

5
6
7

8
9
10

4.6
0.9
3.7

-2.5
-.5
-2.0

5.9
1.2
4.7

-1.0
-.2
-.8

8.9
1.8
7.1

16.1
3.2
12.9

8.3
1.7
6.7

-5.6
-1.1
-4.5

19.8
4. 0
15.8

9.2
1.8
7.3

-3.6
-.7
-2.9

11
12
13
14
15
16
17
18

-.4
4.0
-1.7
-3.0
-.6
O.S
0.3
-.1

-.4
1.1
-.2
-.6
-.2
0.2
-.7

-2.8
1.2
-.5
-.6
-.2
-.2
-2.4

2.5
0.8
-.4
-.4
-.2
2.7
-

0.8
-.1
-.3
0.4
0.1
-.3
1.2
-.1

-5.5
-.3
-.4

-5.0
-1.1
-.7
0.7
0.3
-.5
-3.6
-

-2.5
-1.4
-.7
0.6
0.2
-.7
-.6
-

1.3
-2.1
-1.2
1.0
0.4
-.8
4.0
-

-24.5
-2.6
-1.2
1.1
0.4
-.9
-2.1
-19.2

-6.8
-3.1
-1.6
1.3
0.5
-1.0
-3.0
-

-10.7 U.S. government loans
-3.6 Liab. : Household sector
-1.7
Farm business
Nonfarm noncorp. bus.
1.6
Nonfin. corp, business
O.S
St.Slocal governments
-1.1
Rest of the world
-6.3
Govt.-sp. enterprises
*

11
12
13
14
15
16
17
18

19
20
21
22
23
24
25
26

-10.8
5.7
-.4
3.4
1.8
-21.3

-3.3
2.9
0.2
4.8
3.7
-14.8
-

4.2
3.2
1.1
-2.4
6.1
-3.8
-

15.3
2.6
-.4
-.1
4.6
8.4

-1.0
-2.1
-.1
2.3
3.0
-4.1
0.1
-.2

24.7
2.7
-1.5
3.0
7.4
12.8

29.5
1.6
0.5

22.4
1.2
1.0
3.3
8.1
8.2
0.1
0.4

-.3
4.7
1.6
4.2
1.1
-12.1
0.1

0.1

29.1
1.5
0.7
-1.4
11.0
16.5
0.3
0.6

31.0
2.1
1.4
-4.9
15.7
16.4
0.2
tt

36.2 Govt. -spons. enterprise loans
5.9 Liab. : Household sector(SLMA)
-.6
Farm business (FIC3)
Noncorp. business (BC)
0.1
Commercial banks(FHLB)
13.2
17.0
Savings inst. (FHL3)
Credit unions (FHLB)
0.5
ii
Life insurance (FHL3)

19
20
21
22
23
24
25
26

27
28
29

-1.2

3.9
tt
3.9

7.4
7.4

8.1

4.5

«

M

8.1

4.5

8.2
it
8.2

-

k

N

0.1
-.5
-4.4
-

M

N

m

12.1
15.1
0.3
-.1

M

m

0.2

4.3
tt
4.3

5.8
ii
5.8

10.5

-1.2

2.2
2.2

10.5

3.3
tt
3.3

30
31
32

-12.0
-6.7
-5.3

-4.9
-7.5
2.5

-6.2
-3.1
-3.1

-3.0
-1.8
-1.2

-.5
0.7
-l.l

-2.3
0.8
-3.1

-10.2
-5.3
-4.9

-5.0
-4.8
-.3

-8.2
-4.1
-4.1

4.5
1.9
2.6

-5.9
-1.8
-4.0

33

-36.9

1.3

12.2

12.5

2.7

-20.4

-19.2

-33.9

-4.2

10.2

-12.7

-

K

BILLIONS OF DOLLARS.




N

8
0.1 ABS issuer loans to business
K
9
Liab. : Nonfarm noncorp. bus.
0.1
Nonfin. corp, business 10

9.5 Policy loans (HH liability)
»
U.S. government
Asset :
Life insurance cos.
9.4

27
28
29

Cust. liab. on acceptances
2.8
out standing (bank asset)
No-»fin. corp, business
-.8 Liab:
3.6
Rest of the world

30
31
32

Foreign loans to US corp. bus.
-18.0 Liab. :
Nonfin. corp, business 33

DECEMBER 7, 1994
Security Credit, Trade Credit, and Taxes

Security Credit, Trade Credit, and Taxes

F.225-F.229 Security Credit, Trade Credit, and Taxes Payable

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

F.225 Security Credit

1 Net change in liabilities
Household sector
2
3
Rest of the world

5.9
2.8
-

13.6
8.4
-

4.5
-2.3

43.3
18.9
-

9.9
6.7
-

-27.4
-16.3

3.0
1.7
-

15.6
-1.0
-

3.5
-3.7

51.4
16.3
-

4.2
-1.8
-

61.9
22.7
-

1
2
3

4
5
6
7

3.1
0.5
-.5
3.1

5.2
2.0
O.S
2.7

6.8
4.7
1.1
1.0

24.5
6.8
4.2
13.5

3.2
-5.9
0.1
9.0

-ll.l
-3.2
-2.1
-5.8

1.3
-.4
-.1
1.8

16.6
4.2
0.1
12.3

7.2
-5.4
3.4
9.2

35.2
2.2
8.4
24.6

6.0
3.1
13.9
-11.0

39.3
4.1
8.6
26.6

4
5
6
7

5.9
3.1
-

13.6
2.7
-

4.5
1.0
-

43.3
13.5
-

9.9
9.0
-

-27.4
-5.8
-

3.0
1.8
-

15.6
12.3
-

3.5
9.2
-

51.4
24.6

4.2
-11.0
-

61.9
26.6

8
9
10

x
2.8

2.4
8.4

5.8
-2.3

ll.O
18.9

-5.8
6.7

-5.3
-16.3

-.5
1.7

4.3
-1.0

-2.0
-3.7

10.6
16.3

16.9
-1.3

12.7 11
22.7 12

Brokers and dealers
From U.S.-chartered banks
From fgn. bkg. off. in US
Customer credit balances

8 Net change in assets
Household sector
9
10
Rest of the world

II
12

Commercial banking
Brokers 3nd dealers

F.226 Trade Credit
1 Net change in liabilities
2
Household sector
Farm business
3
4
Nonfarm noncorp. business
5
6
7
8
9

Nonfin. corporate business
State 3nd local governments
Rest of the world
U.S. government
Brokers and dealers

10 Net change in assets
11
Nonfarm noncorp. business
12
Nonfin. corporate business
13
Rest of the world
14
U.S. government
Other insurance companies
15
16
ABS issuers

17 Discrepancy

9.5
0.8
0.7
3.8

44.5
2.4
-.6
0.5

45.6
3.1
-.9
5.7

48.0
3.1
-2.6
5.4

27.6
2.3
-2.9
4.2

57.1
4.8
-1.2
7.5

80.7
2.5
0.8
4.2

68.2
16.1
0.5
7.0

37.0
11.3
0.5
2.1

3.6
-4.7
0.2
-4.0

41.5
7.2
0.2
2.1

49.0
8.1
1.0
7.4

I
2
3
4

4.9
0.9
-4.1
1.9
0.5

37.0
0.8
-1.1
3.0
2.5

33.7
1.0
-.6
3.3
0.4

34.0
1.1
-.2
4.6
2.5

13.7
1.6
-.8
9.8
-.4

39.9
2.0
2.5
2.4
-.8

59.2
2.2
7.7
2.3
1.7

30.5
2.7
2.8
9.2
-.5

29.3
3.1
-1.2
-6.3
-1.9

12.3
0.8
3.0
-4.8
0.7

30.1
2.3
1.2
-2.2
0.6

26.0
0.6
1.6
1.6
2.7

5
6
7
8
9

-1.2
8.0
-15.6
-.5
4.8
2.1

65.8
7.4
51.0
1.0
3.8
2.0
0.7

64.2
6.9
47.1
1.5
5.1
2.8
0.9

51.0
4.5
39.3
0.5
3.7
2.2
0.9

36.2
6.7
25.1
1.0
-2.3
4.9
0.9

67.9
8.7
45.3
0.2
8.3
3.6
1.8

95.8
12.1
72.0
3.1
0.2
6.8
1.7

61.2
7.8
43.7
2.4
3.4
2.8
1.2

27.8
5.0
15.2
6.2
-1.8
2.0
1.2

-6.1
-2.9
-2.7
0.6
-5.0
1.9
2.1

37.4
7.0
31.6
3.4
-7.0
-.1
2.5

32.5
9.0
18.0
5.2
-2.7
1.7
1.3

10
11
12
13
14
15
16

10.7

-21.3

-18.6

-3.0

-8.6

-10.8

-15.1

7.0

9.1

9.7

4.1

16.5 17

F. 227 Taxes Payable by Businesses

1 Net change in taxes payable
by all businesses
Nonfarm noncorp. business
2
3
Nonfin. corporate business
4
U.S.-chartered banks
5
Savings institutions

6
7
8
9

Life insurance companies
Other insurance companies
Finance companies
Brokers and dealers

10 Net change in business taxes
receivable
State and local governments
11
U.S. government
12
13 Discrepancy

-2.6

4.6

4.4

0.7

5.6

5.4

5.3

2.4

-4.8

-6.2

8.5

4.6

1

1.5
-4.3
-.1

1.8
3.1
-.1

1.1
3.5

3.4
-3.2
0.1
0.1

1.7
3.8

2.9
1.7
0.2
0.1

4.7
-3.1
0.2
-.1

0.6
-5.0
-.2
-.2

0.5
-8.2

0.1

0.6
5.1
0.1
0.1

0.6
7.2
0.2
0.2

0.7
2.0
0.5
0.6

2
3
4
5

x

0.2

0.1
0.1
0.1
0.1

0.6
0.1
0.1

-.1
-.1
0.2
0.1

0.5
0.5
0.2
0.2

0.1
*

0.1
0.1
0.1
0.6

6
7
8
9

X
X
X

X

X
X

-.1

-.2

X
X

X
X

X
X

-. 1

X

X
X

X

X

X

0.2

»
X

*
0.3

-.2

-.1

0.3

0.2

0.1
-.6

-8.7

8.0

1.6

-.2

2.6

-1.3

-1.0

-.3

-5.0

-7.6

-5.5

3.6 10

1.5
-10.2

2.8
5.2

1.0
0.6

4.0
-4.1

2.7
-.2

0.5
-1.8

3.6
-4.7

3.5
-3.8

-.7
-4.2

1.5
-9.0

0.1
-5.6

0.2 11
3.4 12

6.1

-3.4

2.8

0.9

3.0

6.7

6.3

2.7

0.1

1.3

14.0

1.0 13

-28.3
-5.1
-16.9
-6.3

-3.3
-9.7
-3.6
10.1

18.4
-.9
12.9
6.5

-10.2
-11.2
-6.3
7.3

F..228 Proprietors' Equity in Noncorporate Business

1 Total household investment
Farm business
2
Nonfarm noncorp. business
3
Brokers and dealers
4

-82.9
-9.4
-75.9
2.4

-76.5
-27.7
-50.9
2.1

-72.3
-2.9
-71.2
1.8

-58.6
14.5
-76.5
3.3

-34.6
10.1
-49.3
5.1

-70.0
-2.2
-61.4
-6.4

-23.5
-8.5
-21.8
6.8

-25.8
-6.9
-23.4
4.6

1
2
3
4

F.229 Investment in Bank Personal Trusts

1 Liab.:

Bank personal trusts

-1.9

3.2

15.1

10.2

18.1

13.2

2.2

19.6

29.7

16.1

-7.1

1.6

1

2 Asset:

Household sector

-1.9

3.2

15.1

10.2

18.1

13.2

2.2

19.6

29.7

16.1

-7.1

1.6

2

BILLIONS OF DOLLARS.




DECEMBER 7, 1994
Security Credit, Trade Credit, and Taxes

Security Credit, Trade Credit, and Taxes

and Taxes Payable

F.225-F.229 Security Credit, Trade Credit

1991
IV

I
I

1992

I

II

III

58
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1
1

IV

1993

I

II

IV

III

1
1

I

1994
II

III

F..225 Security Credit

1
2
3

113.6
40.0
-

-61.6
-15.4
-

-3.7
20.4

82.5
-2.0

-.4
-10.3

44.8
23.4
-

40.0
-1.5
-

76.6
31.5
-

86.5
37.2
-

29.7
2.2
-

-17.3
-3.0
-

-62.3 Net change in liabilities
Household sector
-14.0
Rest of the world
-

1
2
3

4
5
6
7

73.6
-6.2
6.2
73.5

-46.3
10.7
4.0
-61.0

-24.1
-9.9
12.5
-26.7

84.4
7.6
25.2
51.7

9.9
4.0
13.7
-7.7

21.4
-5.5
-14.2
41.1

41.4
11.9
28.2
1.3

45.1
5.4
-11.6
51.3

49.3
4.5
31.9
12.8

27.5
7.2
-10.2
30.6

-14.3
-19.1
-1.0
5.8

-48.4
-14.7
-14.4
-19.3

4
5
6
7

8
9
10

113.6
73.5
-

-61.6
-61.0
-

-3.7
-26.7
-

82.5
51.7
-

-.4
-7.7

44.8
41.1
-

40.0
1.3
-

76.6
51.3
-

86.5
12.8

29.7
30.6
-

-17.3
5.8
-

-62.3 Net change in assets
Household sector
-19.3
Rest of the world
-

11
12

X
40.0

14.7
-15.4

2.6
20.4

32.8
-2.0

17.7
-10.3

-19.7
23.4

40.1
-1.5

-6.2
31.5

36.4
37.2

-3.0
2.2

-20.1
-3.0

-29.1
-14.0

Brokers and dealers
From U.S.-chartered banks
From fgn. bkg. off. In US
Customer credit balances

Commercial banking
Brokers and dealers

8
9
10
11
12

F.226 Trade Credit

1
2
3
4

10.8
-1.9
0.2
-4.0

26.8
3.5
0.2
-1.4

41.8
7.8
0.1
3.2

51.2
9.4
0.2
3.2

46.1
8.2
0.5
3.2

43.4
7.7
1.0
7.4

51.0
7.9
1.0
10.0

49.6
8.2
1.0
6.0

51.9
8.4
1.0
6.0

30.3
8.6
1.0
4.0

67.2
8.8
1.0
6.8

61.6 Net change in liabilities
9.1
Household sector
Farm business
1.0
Nonfarm noncorp, business
4.9

1
2
3
4

5
6
7
8
9

24.2
2.3
6.9
-19.3
2.3

33.9
3.9
-1.8
-8.4
-3.1

36.2
1.7
0.1
-9.0
1.7

19.7
2.4
3.9
11.9
0.5

30.6
1.2
2.5
-3.4
3.3

26.8
1.0
7.2
-10.6
2.8

23.3
0.4
-.8
1.8
7.3

28.8
1.0
-3.8
6.6
2.0

25.1
0.1
4.0
8.7
-1.5

17.2
0.2
-1.6
-7.8
8.7

59.8
0.7
3.2
-4.2
-9.1

41.0
0.4
3.2
0.9
1.1

5
6
7
8
9

10
11
12
13
14
15
16

16.9
-1.3
15.9
2.9
-4.1
1.3
2.3

46.0
6.0
39.9
1.1
-3.7
0.4
2.3

41.4
7.0
37.7
7.6
-10.2
-.5
-.2

20.9
7.0
22.0
3.5
-13.4
-.5
2.4

41.1
8.0
26.6
1.3
-.7
0.3
5.6

37.7
8.1
32.2
4.2
-8.5
1.1
0.5

25.3
8.8
20.1
0.1
-6.7
1.9
1.1

27.5
9.2
2,9
15.3
0.8
2.0
-2.8

39.4
9.8
16.9
l.l
3.5
1.6
6.5

57.3
9.6
54.3
6.5
-15.2
1.3
0.3

77.5
9.6
68.3
2.1
-1.5
1.1
-2.2

63.8 Net change in assets
9.6
Nonfarm noncorp, business
47.9
Nonfin. corporate business
2.4
Rest of the world
-2.0
U.S. government
1.0
Other insurance companies
ABS issuers
4.8

10
11
12
13
14
15
16

17

-6.1

-19.2

0.5

30.3

5.0

5.8

25.7

22.2

12.5

-27.0

-10.3

-2.2 Discrepancy

17

Nonfin. corporate business
State and local governments
Rest of the world
U.S. government
Brokers and dealers

F.227 Taxes Payable by Businesses

1

-2.8

12.1

3.5

8.5

9.7

7.9

7.3

-1.8

4.9

13.7

-3.4

2
3
4
5

0.4
-5.2
0.1
0.4

0.6
10.1
0.1
0.7

0.6
3.1
0.2
-.5

0.6
7.3
0.3
X

0.7
8.5
0.3
0.7

0.7
4.9
0.4
0.9

0.7
5.5
0.4
0.3

0.7
-5.6
0.5
0.8

0.7
3.3
0.5
0.2

0.7
11.5
0.6
0.6

0.8
-2.0
0.7
-2.8

6
7
8
9

0.4
0.4
0.1
0.7

0.2
0.2
0.1
0.1

0.1
0.1

X
N
0.1
0.3

X
X
0.1
-.6

0.1
0.1
0.1
0.9

0.1
0.1
0.1
X

0.1
0.1
0.1
1.5

0.1
0.1
0.1
-.1

0.1
0.1
0.1
0.1

0.1
0.1
0.1
-.3

10

-4.2

5.4

-5.9

-21.9

0.2

14.9

10.9

-2.9

13.5

14.5

-15.8

11
12

2.2
-6.4

2.9
2.5

0.2
-6.1

-2.2
-19.7

-.7
0.8

-.5
15.4

0.9
11.8

-1.3
-1.6

1.7
11.8

-1.4
15.8

0.2
-16.0

13

1.4

6.8

9.4

30.4

9.5

-6.9

18.2

1.2

-8.6

-.7

12.4

-45.8
-3.0
-40.1
-2.6

-47.2
-6.1
-34.6
-6.4

5.9 Net change in taxes payable
by all businesses
Nonfarm noncorp, business
0.8
5.0
Nonfin. corporate business
0.7
U.S.-chartered banks
-1.0
Savings institutions

0.1
0.1
0.1
0.2

Life Insurance companies
Other insurance companies
Finance companies
Brokers and dealers

7.4 Net change in business taxes
receivable
-.4
State and local governments
7.7
U.S. government
-1.4 Discrepancy

1
2
3
4
5

6
7
8
9
10
11
12

13

F.228 1Proprietcrs ’ Equity in Noncorporate Business

1
2
3
4

15.6
-9.0
15.1
9.5

3.5
4.6
-.9
-.3

28.4
-4.1
25.1
7.4

9.1
-2.3
5.0
6.4

32.8
-1.9
22.3
12.4

-6.6
-4.3
-16.3
13.9

14.8
12.4
-5.5
3.0

6.2
-18.8
10.0
15.1

-25.8
-9.5
-13.5
-2.8

-39.9 Total household Investment
5.1
Farm business
-42.9
Nonfarm noncorp, business
Brokers and dealers
-2.1

1
2
3
4

F.229 Investment in Bank Personal Trusts

1

7.9

-.3

-10.2

-12.0

-6.0

-4.2

-7.2

0.1

17.6

15.4

-15.5

6.7 Liab.:

Bank personal trusts

I

2

7.9

-.3

-10.2

-12.0

-6.0

-4.2

-7.2

0.1

17.6

15.4

-15.5

6.7 Asset:

Household sector

2

BILLIONS OF DOLLARS.




DECEMBER 7, 1994
Total Miscellaneous Claims

Total Miscellaneous Claims
F.230 Total Miscellaneous Financial Claims

59

ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

136.7
0.8
11.5
13.5

130.4
0.6
14.0
11.3

158.7
-1.0
20.3
18.9

177.9
0.1
8.1
26.4

163.8
-1.3
4.2
36.6

230.6
1.2
8.6
54.5

211.8
0.4
8.8
74.0

313.8
0.8
9.4
72.8

135.7
0.1
9.9
51.3

197.2
-.7
7.6
32.9

257.6
K
8.5
16.9

302.1
0.9
8.3
-.1

1
2
3
4

Rest of the world
U.S. government

46.4
0.2

3.5
2.0

10.8
4.9

2.7
0.6

8.Q
3.2

31.9
-9.4

2.4
9.6

48.4
16.2

16.1
-17.1

6.1
14.3

66.1
-.1

100.0
0.7

5
6

Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial banking
Funding corporations

64.4
5.9
w
22.6
0.2

99.0
-.2
-.1
31.6
2.9

104.9
10.2
0.5
36.9
0.2

140.0
8.9
0.1
35.7
1.5

113.2
8.3
-.1
34.5
0.7

143.8
-2.1
1.0
44.7
4.3

116.5
1.1
M
48.4
-10.4

166.2
6.3
4.2
102.7
6.1

75.4
4.6
-4.4
6.2
20.4

137.0
7.8
1.2
48.6
31.4

166.1
12.5
-3.1
68.2
44.2

1 Net change in liabilities
2
Household sector
3
Nonfarm noncorp. business
4
Nonfin. corporate business
5
6
7
8
9
10
11

192.3 7
-4.9 8
1.0
9
95.2 10
52.7 11

12
13
14
15

Savings institutions
Credit unions
Life insurance companies
Other insurance companies

17.1
-.9
7.0
11.1

19.3
9.2
12.7

14.9
0.6
14.8
14.6

18.7
-.1
14.4
37.3

10.6
0.2
5.4
42.7

8.4
0.9
5.3
42.4

12.5
0.4
8.8
31.3

3.0
-.6
10.9
34.0

15.2
0.2
-4.2
26.5

-1.5
0.6
ll.l
15.3

0.2
0.1
12.5
23.2

-3.7
0.5
14.7
15.9

12
13
14
15

16
17
18
19

Finance companies
Mortgage companies
REITs
Brokers and dealers

6.8
0.6
0.1
-6.2

10.4
0.2
K
13.1

9.2
0.6
0.2
2.2

14.3
2.0
0.1
6.9

0.9
2.8
0.1
7.0

33.4
-1.5
0.4
6.4

15.0
5.1
2.3
1.8

-2.2
10.1
-1.4
-6.9

7.0
-.9
5.0

3.2
13.6
1.6
4.0

3.8
-7.9
0.6
11.8

14.8
1.0
-.1
5.2

16
17
18
19

138.3
7.1
1.7
-13.5
32.7

95.3
15.5
1.1
-3.7
7.3

124.2
1.3
0.1
13.5
6.5

197.7
28.3
2.9
7.4
2.6

215.2
17.2
3.2
11.3
41.6

278.6
25.1
2.0
10.7
35.8

207.1
16.4
2.8
8.8
77.2

369.4
14.9
2.1
7.7
5.4

171.1
18.2
2.0
9.6
29.9

242.4
9.6
1.3
5.2
43.1

303.6
17.0
2.0
3.8
90.8

347.3
13.1
1.5
1.6
57.0

20
21
22
23
24

0.8
1.6

5.0
0.7

21.8
1.5

24.2
1.4

23.2
0.5

72.5
1.3

64.2
2.1

96.1
15.4

38.3
34.2

62.3
36.1

27.3
15.4

107.9
0.9
0.1
57.5
3.4

69.3
0.7
0.5
14.9
3.2

79.6
2.9
3.0
25.5
1.2

130.9
-3.2
1.0
43.1
10.7

118.1
1.0
1.7
37.9
7.5

130.9
5.2
2.2
48.2
9.6

35.6
6.9
0.4
22.7
19.6

227.8
9.5
8.2
100.7
2.5

38.8
2.5
-1.2
-21.6
3.6

84.9
6.0
-2.2
16.3
-6.6

147.4
-12.7
-3.2
70.0
10.4

197.8
3.5
2.6
78.5
19.5

27
28
29
30
31

20 Net change in assets
Household sector
21
22
Farm business
23
Nonfarm noncorp. business
24
Nonfin. corporate business
25
26

Rest of the world
U.S. government

27
28
29
30
31

Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial banking
Funding corporations

80.2 25
-3.8 26

32
33
34
35
36
37

Savings institutions
Credit unions
Life insurance companies
Other insurance companies
Private pension funds
St.aioc. govt. rtr. funds

25.8

8.1
0.7
4.5
1.4

12.5
0.6
6.1
0.7
18.9
2.8

30.2
0.8
9.1
0.5
3.1
-1.6

17.0
2.1
7.7
-.1
27.2
1.4

7.2
2.8
8.0
0.7
18.8
6.6

12.9
-.4
9.9
1.8
19.6
0.9

6.2
0.6
8.7
2.7
-73.4
16.0

4.5
1.9
8.0
1.6
26.3
30.5

8.1
2.4
-2.0
1.4
-8.0
23.0

-45.5
5.1
11.3
-.3
37.7
-16.3

-12.8
5.7
-2.7
-2.6
14.3
21.9

-26.2
3.6
-.8
2.2
17.4
6.0

32
33
34
35
36
37

38
39
40
41
42

Finance companies
REITs
Money markat mutual funds
Brokers and dealers
Bank personal trusts

3.5
0.2
-1.1
2.9
0.1

2.3
*
-.4
6.0
0.3

-.1
1.2
1.5
2.4
0.1

12.5
0.3
0.6
9.7
0.9

13.0
0.1
2.9
10.3
-.3

14.6
l.l
1.4
2.7
1.2

11.7
2.6
0.5
10.5
-.1

3.6
0.9
5.2
23.0
1.4

9.6
-1.5
-6.4
29.4
-.4

34.5
1.5
6.9
34.3
2.2

0.3
-1.2
9.5
48.8
1.8

28.0
3.0
17.2
39.7
3.5

38
39
40
41
42

-1.6

35.1

34.5

-19.8

-51.4

-47.8

4.6

-55.6

-35.4

-45.3

-46.0

43 Discrepancy
BILLIONS OF DOLLARS.




N

-45.3 43

DECEMBER 7, 1994
Total Miscellaneous Claims

Total Miscellaneous Claims

F.230 Total Miscellaneous Financial Claims

SEASONALLY ADJUSTED ANNUAL RATES
1991 I
IV I

SEASONALLY ADJUSTED ANNUAL RATES

1992

I

II

III

IV

I
1

1993

I

II

III

IV

I
1

I

1994
II

III
316.8 Net change in liabilities
Household sector
0.9
Nonfarm noncorp. business
9.9
Nonfin. corporate business
39.6

1
2
3
4

1
2
3
4

304.7
-.6
8.6
51.1

247.0
-.3
8.7
-18.5

254.0
-.1
8.6
20.1

335.1
0.1
8.6
24.1

194.5
0.3
8.3
42.1

197.9
0.6
8.2
-52.3

404.0
0.9
7.5
-11.3

222.3
1.0
9.5
22.4

384.0
0.9
7.9
41.0

279.6
0.9
9.8
11.9

204.8
0.9
8.9
-15.8

5
6

>68.8
89.5

132.7
3.1

137.5
-11.4

-52.3
3.9

46.7
3.9

116.1
12.4

199.4
-17.4

-16.6
-4.7

100.9
12.5

205.7
3.0

1.9
-9.9

80.1
-4.4

7
8
9
10
11

224.8
-6.8
-5.3
176.4
34.3

121.2
47.7
-5.8
-66.5
72.7

99.3
-17.5
-11.3
181.7
-42.2

350.8
19.1
14.8
141.0
131.2

93.2
0.6
-10.0
16.4
15.3

112.9
-49.9
9.2
70.5
65.2

224.9
24.9
-10.4
105.6
25.0

210.6
-10.6
20.4
72.9
64.7

220.8
16.1
-15.3
132.0
56.2

48.2
-49.4
8.2
-45.4
45.0

218.8
-28.8
-5.8
147.7
85.3

190.7
-9.4
15.7
79.2
35.7

12
13
14
15

-4.2
0.5
-10.3
15.3

-1.2
-1.1
21.2
20.2

-4.4
1.5
9.3
25.4

4.3
-.7
8.4
24.9

2.0
0.5
11.2
22.4

-8.3
1.3
13.8
17.3

5.1
0.7
13.9
14.3

4.9
-2.0
20.3
13.2

-16.4
2.1
10.6
19.0

2.2
0.3
12.3
21.2

16.9
0.7
6.6
21.6

9.9
-3.0
12.3
21.6

16
17
18
19

-13.5
38.2
4.4
-4.2

22.8
-4.5
-6.8
22.4

-19.9
-35.2
-1.2
13.0

-12.0
14.5
-4.0
9.4

24.4
-6.4
14.2
2.5

34.3
-25.2
-7.1
-8.2

-.9
32.7
3.4
10.7

16.4
-.8
0.5
10.8

9.3
-2.9
2.7
7.4

30.3
-27.8
-2.2
53.5

11.2
-33.0
0.8
-4.5

28.9
-10.0
-2.3
12.0

20
21
22
23
24

302.9
14.7
1.8
5.0
82.4

297.3
15.8
1.6
4.2
86.3

343.3
17.8
1.8
4.8
68.1

387.7
18.0
2.6
3.9
92.8

186.1
16.3
1.9
2.4
116.2

299.4
14.1
1.8
2.0
-29.3

501.6
12.2
1.5
1.3
72.8

240.7
17.1
1.3
1.2
79.6

347.6
8.9
1.5
1.8
105.1

367.2
14.7
1.9
2.0
70.6

376.5
12.0
1.9
2.2
-12.2

236.9 Net change in assets
Household sector
20.5
Farm business
2.2
Nonfarm noncorp. business
1.3
63.9
Nonfin. corporate business

25
26

42.4
9.3

46.4
31.1

6.0
34.2

38.4
5.1

18.3
-8.9

65.5
-1.8

100.2
-3.9

68.4
-16.7

86.6
7.1

89.2
-13.3

10.4
15.0

155.5
-9.7

Rest of the world
U.S. government

25
26

27
28
29
30
31

147.3
28.7
11.1
-21.1
-3.4

112.0
-36.6
-14.1
99.2
31.3

210.5
7.1
-2.8
208.4
8.7

226.9
2.6
11.8
-24.6
5.4

40.0
-24.1
-7.7
-2.9
-4.0

247.1
7.2
3.4
154.6
41.4

317.6
-1.1
7.4
157.9
21.2

89.8
17.5
-.4
-36.5
7.7

136.6
-9.8
0.2
37.9
7.8

202.2
-10.9
-.1
35.1
56.9

349.1
-12.1
2.7
231.6
-2.3

3.1
-12.7
2.4
-90.5
45.3

Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial banking
Funding corporations

27
28
29
30
31

32
33
34
35
36
37

-12.7
-1.7
3.9
-1.1
45.3
-8.7

-13.2
11.5
-9.3
1.9
-8.2
10.7

-5.4
-3.1
-.6
1.7
0.8
-4.7

-12.6
6.8
-.8
-15.4
15.6
65.9

-20.2
7.5
0.1
1.4
49.0
15.9

-49.4
5.5
4.1
2.6
22.6
16.1

-20.8
-.6
13.6
1.8
7.6
10.6

-29.8
7.0
-6.2
1.4
26.3
-1.7

-4.9
2.6
-14.9
3.1
13.2
-.9

-10.4
21.6
22.1
1.5
-24.5
3.0

-11.0
-2.9
-8.9
0.9
-8.7
4.4

-28.0
-16.5
22.3
0.4
26.7
30.7

Savings institutions
Credit unions
Life insurance companies
Other insurance companies
Private pension funds
St.Sloc. govt. rtr. funds

32
33
34
35
36
37

38
39
40
41
42

36.1
6.6
7.7
54.4
2.2

-2.0

-8.4
47.6
1.8

-6.0
-.7
57.8
-52.1
1.4

8.5
-l.l
-14.6
177.8
1.6

0.8
-3.2
3.1
21.9
2.3

45.3
-3.7
-7.1
1.5
2.9

26.6
9.1
70.4
10.6
3.4

27.2
2.7
10.5
60.3
3.7

12.8
4.0
-4.9
86.5
3.9

13.5
0.3
37.7
52.1
4.1

42.9
0.4
45.0
62.7
4.4

-16.9
0.3
-7.6
42.6
4.7

Finance companies
REITs
Money market mutual funds
Brokers and dealers
Banc personal trusts

38
39
40
41
42

43

1.8

-50.4

-89.3

-52.6

8.4

-101.5

-97.6

-18.4

36.4

-87.6

-173.7

M

BILLIONS OF DOLLARS.




Rest of the world
U.S. government

Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial banking
Funding corporations

5
6

7
8
9
10
11

Savings institutions
Credit unions
Life insurance companies
Other insurance companies

12
13
14
15

Finance companies
Mortgage companies
REITs
Brokers and dealers

16
17
18
19

79.9 Discrepancy

20
21
22
23
24

43

DECEMBER 7, 1994
Identified Miscellaneous Claims

Identified Miscellaneous Claims

F.231 Identified Miscellaneous Financial Claims

61

ANNUAL FLOWS

ANNUAL FLOWS
1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

76.5

65.7

96.4

131.5

140.9

163.0

152.5

192.1

127.5

128.7

176.5

209.6

1

U.S. direct investment abroad (1,
12.9
2 Liab. : Rest of the world
9.7
Equity
3
2.7
Reinvested earnings
4
0.5
Intercompany accts.
5

ll.l
4.9
11.7
-5.5

14.6
1.3
16.6
-3.3

9.2
-2.2
14.3
-2.9

12.2
0.6
8.4
3.2

23.4
4.6
15.9
2.9

10.1
-6.1
10.9
5.3

31.9
6.4
11.9
13.5

24.9
8.7
20.4
-4.3

30.3
17.7
16.9
-4.3

38.4
14.4
14.5
9.5

57.9
17.4
29.6
10.9

2
3
4
5

1 Total identified claims

6 Asset :
7
8
9
10
11

Nonfin. corp. bus.
Commercial banking
Life insurance cos.
Other insurance cos.
Finance companies
Brokers and dealers

10.8
1.3
x
0.7
0.4
-.2

8.2
1.4
0.1
0.7
0.5
0.2

12.0
1.5
0.3
0.5
0.5
-.1

8.7
0.3
0.1
-.1
0.1
0.1

12.1
-1.7
-.2
0.7
1.2
N

21.9
-1.2
X
1.8
-.7
1.7

5.8
-.1
X
2.7
2.3
-.7

19.1
0.2
-.1
1.6
11.0
X

27.8
0.2
0.6
1.4
-5.4
0.3

29.3
-1.0
0.6
-.3
1.3
0.5

34.3
2.0
0.3
-2.6
3.3
1.1

41.9 6
2.0 7
0.1 8
2.2 9
10.7 10
1.0 11

Foreign
12 Liab. :
13
14
15
16
17
18
19

direct investment in U.S.
Nonfarm noncorp. bus.
Nonfin. corp. bus.
Commercial banking
Funding corporations
Life insurance cos.
Other insurance cos.
Finance companies
Brokers and dealers

(1,
1.2
8.1
1.5
0.3
0.3
0.2
0.8

1.3
8.0
0.9
-.1
0.5
-.3
0.3

l.l
18.7
1.7
1.1
-.3
1.9
0.5

0.6
17.8
1.4
0.7
0.3
-.5
-.3

1.1
32.1
1.6
-4.4
2.2
0.5
2.1
0.6

0.6
52.3
1.7
-.1
0.9
1.0
-.2
2.1

0.8
69.4
2.7
-18.5
1.3
1.2
-.5
0.9

1.4
61.8
2.3
-10.0
1.4
2.2
7.2
1.4

1.9
55.9
0.9
-11.8
1.9
2.5
-3.5
0.1

-.4
12.0
3.6
-.1
1.3
3.3
4.4
2.0

X
9.0
1.8
-2.8
-.5
0.7
1.8
X

-.2
-9.8
3.8
16.6
2.3
0.8
7.6
0.4

12
13
14
15
16
17
18
19

20 Asset :
21
22
23

Rest of the world
Equity
Reinvested earnings
Intercompany accts.

12.5
8.3
-3.7
7.8

10.5
8.7
-1.4
3.2

24.7
15.0
2.3
7.4

20.0
15.2
-.4
5.2

35.6
25.1
-.8
11.3

58.2
30.6
12.8
14.8

57.3
40.4
5.4
11.5

67.7
51.9
-6.7
22.5

47.9
57.0
-13.5
4.4

26.1
41.9
-17.8
2.0

9.9
25.5
-11.6
-3.9

21.4
21.7
-9.4
9.1

20
21
22
23

U.S. govt, equity in IBRD, etc.
Rest of the world
24 Liab.:
U.S. government
25 Asset:

1.3
1.3

0.7
0.7

1.1
1.1

1.5
1-5

1.5
1.5

1.2
1.2

2.4
2.4

1.2
1.2

1.3
1.3

1.5
1.5

1.4
1.4

1.1 24
1.1 25

Nonofficial foreign currencies
26 Liab.: Rest of the world
27 Asset:
U.S. government

0.4
0.4

0.1
0.1

0.4
0.4

-.1
-.1

-1.0
-1.0

0.1
0.1

-.3
-.3

-.1
-.1

0.1
0.1

1.0
1.0

O.i
0.1

0.3 26
0.3 27

Postal Savings System deposits
28 Liab.:
U.S. government
Household sector
29 Asset:

-

-

-

-

-2.9
-2.9

7.0
7.0

4.5
4.5

3.6
3.6

-6.6
-6.6

-1.3
-1.3

6.9
6.9

4.8
4.8

1.0
1.0

-.9
-.9

-7.0 30
-7.0 31

Deposits at Federal Home Loan Banks
2.8
30 Liab.:
Govt.-sp. enterprises
2.8
Savings institutions
31 Asset:

-

-

-

28
29

Federal Reserve 3ank stock
Monetary authority
32 Liab.:
Commercial banking
33 Asset:

0.1
0.1

0.1
0.1

0.2
0.2

0.2
0.2

0.1
0.1

0.2
0.2

0.1
0.1

0.1
0.1

0.2
0.2

0.2
0.2

0.4
0.4

0.3 32
0.3 33

Equity in govt.-spons. enterprises
Govt.-sp. enterprises
34 Liab.:
U.S. government
35 Asset:
Farm bus. (FICB & FLB)
36
Nonfarm
noncorp. (BC,
37
Nonfin.corp.bus.(FNMA,
38
Commercial
banks(FHLB)
39
Savings inst. (FHL3,
40
Credit
unions
(FHLB)
41
Life insur. cos.(FHLB)
42

0.9
0.4
X
0.1
0.4
-

0.2
0.1
*
X
0.1
-

0.9
0.1
X
X
0.8
-

0.9
-.3
x
0.1
1.1
-

0.6
-.6
-.1
0.1
1.2
-

1.7
-.5
X
0.4
1.8
-

2.0
0.1
X
1.9
-

-.6
-.9
0.1
X
0.2
-

-2.5
-.2
-.1
X
0.1
-2.4
X
X

-.2
0.2
X
0.5
0.6
-1.5
X

-.1
-.1

1.7
0.1
0.2
X
1.3
X
X
X

-1.0
-1.0

0.1
0.1

-1.3
-1.3

1.2
1.2

0.4
0.4

0.8
0.3

0.1
0.1

-.7
-.7

X
*

Deferred and unpaid life insurance premiums
0.8
0.6
Household sector
43 Liab.:
0.8
44 Asset:
0.6
Life insurance cos.

Life insurance company reserves
Life insurance cos.
45 Liab.:
Health
46
Policy div. accum.
47
Household sector
48 Asset:

X

X
0.7
-.9
X
X

34
35
36
37
38
39
40
41
42

0.9 43
0.9 44

2.3
1.3
1.0
2.3

3.2
1.8
1.4
3.2

2.7
1.6
1.1
2.7

3.5
2.3
1.2
3.5

3.0
2.5
0.5
3.0

3.7
2.7
1.0
3.7

4.1
2.9
1.2
4.1

4.6
3.0
1.6
4.6

4.9
3.6
1.3
4.9

4.6
4.8
-.2
4.6

7.5
6.9
0.6
7.5

6.7
6.2
0.5
6.7

45
46
47
48

10.8
4.8
1.3
2.0
2.7

12.2
12.3
1.0
-4.6
3.5

14.8
-1.4
X
11.0
5.1

37.0
24.9
3.2
4.8
4.2

42.2
14.2
3.8
5.4
18.8

41.4
21.4
2.5
6.7
10.7

30.1
12.4
2.8
4.8
10.2

31.3
10.3
2.9
3.8
14.6

24.0
13.4
2.2
6.0
2.4

12.0
5.0
1.1
2.1
3.8

22.6
9.5
2.1
3.9
7.1

15.2
6.4
1.4
2.7
4.8

49
50
51
52
53

Pension fund contributions payable
54 Liab.:
5.3
Nonfin. corp, business
Private pension funds
5.3
55 Asset:

3.3
3.3

0.2
0.2

8.6
8.6

4.5
4.5

2.2
2.2

4.6
4.6

11.0
11.0

-4.6
-4.6

20.9
20.9

8.0
8.0

16.2
-.6
5.6
0.6
21.7

15.5
N
3.8
0.2
19.5

18.9
1.2
7.7
Q.6
28.4

15.6
0.7
10.8
2.0
29.2

16.7
0.2
5.4
2.8
25.2

19.8
-.9
-3.8
-1.5
15.0
28.6

21.3
X
-9.9
5.1
2.4
18.8

8.6
X
-1.1
10.1
1.2
18.7

5.4
-.4
-4.0
-16.4
-15.4

19.4
-1.0
-5.3
13.6
-21.9
4.8

27.8
-1.0
1.7
-7.9
9.7
30.2

NFC investment in finance co. subs.
62 Liab.:
Finance companies
1.1
63 Asset:
Nonfin. corp, business
1.1

1.1
1.1

1.1
l.l

4.7
4.7

2.1
2.1

-6.2
-6.2

-3.3
-3.3

-.4
-.4

6.2
6.2

2.2
2.2

1.7
1.7

0.8 62
0.8 63

1.9
1.5
3.4

2.2
1.0
3.2

0.3
0.8
1.2

2.2
8.5
10.7

4.2
3.4
7.5

7.2
2.4
9.6

12.8
6.8
19.6

2.6
-.2
2.5

-1.8
5.4
3.6

-17.3
10.7
-6.6

-8.8
19.2
10.4

2.3 64
17.2 65
19.5 66

0.2
0.2

2.9
2.9

0.2
0.2

1.5
1.5

5.1
5.1

4.4
4.4

8.0
8.0

16.1
16.1

32.1
32.1

31.5
31.5

47.1
47.1

36.1 67
36.1 68

Policy payables
Other insurance cos.
49 Liab.:
Household sector
50 Asset:
Farm business
51
Nonfarm noncorp. bus.
52
Nonfin. corp, business
53

BHC investment in subsidiaries
56 Liab.:
Commercial banking
Savings institutions
57
Finance companies
58
59
Mortgage companies
60
Brokers and dealers
61 Asset:
Bank holding companies

Funding
64 Liab.:
65
66 Asset:

corp, invest, in subs.
Fgn. bkg. off. in US
Brokers and dealers
Funding corporations

Securities borrowed (net,
67 Liab.:
Funding corporations
68 Asset:
Brokers and dealers
(1) Excludes capital gains/losses.

BILLIONS OF DOLLARS




9.8 54
9.8 55

31.6
0.4
2.4
1.0
9.5
44.9

56
57
58
59
60
61

DECEMBER 7, 1994
Identified Miscellaneous Claims

Identified Miscellaneous Claims

f.231 Identified Miscellaneous financial Claims

62
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1991
IV
1

145.4

1
1

1992

I

152.7

II

III

123.5

280.8

IV
149.1

I
I

1993

I

122.4

II

III

228.0

191.0

IV
297.2

I
I

I

239.6

1994
II

132.5

III

247.8 Total identified claims

U.S.. direct investment abroad (1)
55.0 Liab.: Rest of the world
Equity
10.0
16.6
Reinvested earnings
28.4
Intercompany accts.

1

2
3
4
5

35.7
30.8
6.0
-1.1

51.0
28.6
-5.3
27.6

46.1
8.5
34.2
3.3

22.8
1.6
24.1
-2.9

33.9
19.0
4.9
10.0

24.8
7.3
10.1
7.4

87.4
25.9
42.7
18.8

35.2
16.6
39.7
-21.2

84.1
19.9
25.7
38.5

79.7
11.8
8.0
59.9

50.8
9.4
48.6
-7.3

6
7
8
9
10
11

41.0
-2.7
2.3
-1.1
-4.3
0.5

27.5
0.1
0.7
1.9
20.0
0.8

47.8
1.9
0.7
1.7
-6.8
0.8

38.2
2.5
-.1
-15.4
-2.6
0.2

23.8
3.6
X
1.4
2.5
2.6

34.2
-1.1
-.1
2.6
-11.2
0.3

61.6
2.1
X
1.8
19.1
2.8

46.9
3.6
0.1
1.4
-17.3
0.5

24.8
3.4
0.2
3.1
52.2
0.5

56.5
-l.l
-.2
1.5
22.8
0.3

61.9
2.9
X
0.9
-15.4
0.5

59.2 Asset:
-1.0
-.3
0.4
-3.6
0.3

12
13
14
15
16
17
18
19

0.6
26.0
9.0
-17.3
-1.3
0.7
5.5
-.3

0.2
-13.7
0.9
12.4
0.7
0.5
5.1
0.3

0.1
19.4
0.2
-7.6
0.8
0.8
-4.8
0.6

0.1
15.3
2.5
-8.6
0.5
-.1
7.3
X

-.2
14.7
3.5
-7.6
-3.9
1.5
-.9
-1.0

-.3
-65.3
4.3
72.8
0.1
0.1
1.2
0.2

-1.0
-15.5
5.0
22.7
7.7
0.5
12.0
0.3

1.0
8.1
2.4
-.2
1.3
-.3
8.6
0.1

-.6
33.4
3.5
-29.0
-.1
2.7
8.6
1.0

1.3
25.6
2.9
9.4
1.4
2.6
10.6
2.0

0.4
-10.9
3.0
14.8
0.2
1.3
2.1
0.1

foreigni direct
1.4 Liab.:
24.6
2.9
-1.7
0.9
2.5
5.0
1.5

20
21
22
23

22.9
39.5
-20.2
3.6

6.5
28.1
-5.4
-16.2

9.5
25.0
-22.5
6.9

17.5
32.2
-8.1
-6.5

6.0
16.5
-10.6
0.1

13.2
17.4
-7.8
3.5

31.6
27.6
-19.4
23.4

21.0
23.9
-10.0
7.2

19.6
17.8
-.4
2.2

55.9
23.4
8.4
24.1

10.9
25.6
-12.6
-2.1

24
25

1.8
1.8

1.3
1.3

1.2
1.2

1.5
1.5

1.7
1.7

0.9
0.9

1.1
1.1

1.0
1.0

1.6
1.6

0.9
0.9

1.4
1.4

U.S;. govt. equity in IBRD, etc.
Rest of the world
1.6 Liab.:
U.S. government
1.6 Asset:

24
25

26
27

1.1
1.1

0.3
0.3

0.5
0.5

-.9
-.9

0.3
0.3

1.3
1.3

1.6
1.6

2.3
2.3

-4.0
-4.0

-.5
-.5

0.7
0.7

Nonofficial foreign currencies
0.8 Liab.: Rest of the world
0.8 Asset:
U.S. government

26
27

-

-

-

-

-

-

-

Postal Savings System deposits
- Liab.:
U.S. government
- Asset: Household sector

28
29

28
29

37.0 Asset:
27.2
-2.2
12.0

2
3
4
5

Nonfin. corp. bus.
Commercial banking
Life insurance cos.
Other insurance cos.
finance companies
Brokers and dealers

6
7
8
9
10
11

investment In U.S. (1)
Nonfarm noncorp. bus.
Nonfin. corp. bus.
Commercial banking
funding corporations
Life insurance cos.
Other insurance cos.
finance companies
Brokers and dealers

12
13
14
15
16
17
18
19

Rest of the world
Equity
Reinvested earnings
Intercompany accts.

20
21
22
23

Deposits at federal Home Loan Banks
Govt.-sp. enterprises
-11.2 Liab.:
Savings institutions
-11.2 Asset:

30
31

federal Reserve Bank stock
Monetary authority
0.3 Liab.:
Commercial banking
0.3 Asset:

32
33

30
31

-7.2
-7.2

14.5
14.5

-1.8
-1.8

4.0
4.0

-20.3
-20.3

-8.1
-8.1

-15.5
-15.5

-8.5
-8.5

4.0
4.0

-7.3
-7.3

-14.8
-14.8

32
33

0.3
0.3

0.4
0.4

0.3
0.3

0.6
0.6

0.3
0.3

0.5
0.5

0.4
0.4

0.2
0.2

0.3
0.3

0.2
0.2

0.3
0.3

34
35
36
37
38
39
40
41
42

-1.1
0.4
0.2
0.7
-2.4
X
-

-.5
-.2
-.1
0.1
0.7
-1.0
X

-1.2
-.4
0.1
0.8
-1.8
X
0.1

1.2
0.4
X
-.1
0.8
X
X

-.1
X
0.6
-.7
X
-

1.4
0.3
0.2
0.1
1.0
-.2
X
X

1.6
0.2
X
1.4
-.2
0.1
«

2.3
X
0.2
X
1.4
0.7
X
X

1.4
0.2
X
1.4
-.2
X
X

1.4
0.2
0.2
0.2
1.4
-.7
X
X

2.8
0.1
0.2
X
2.2
0.3
X
X

43
44

-.6
-.6

-.3
-.3

-.1
-.1

0.1
0.1

0.3
0.3

0.6
0.6

0.9
0.9

1.0
1.0

0.9
0.9

0.9
0.9

45
46
47
48

4.6
4.8
-.2
4.6

7.5
6.9
0.6
7.5

7.5
6.9
0.6
7.5

7.5
6.9
0.6
7.5

7.5
6.9
0.6
7.5

6.9
6.4
0.5
6.9

6.4
5.9
0.5
6.4

11.5
11.0
0.5
ll.S

2.1
1.6
0.5
2.1

6.9
6.4
0.5
6.9

3.5
3.0
0.4
3.5

49
50
51
52
53

14.6
10.1
1.3
2.6
0.6

19.7
8.3
1.8
3.5
6.2

24.6
10.3
2.2
4.3
7.7

25.0
10.5
2.3
4.4
7.9

20.9
8.8
1.9
3.7
6.6

17.2
7.2
1.6
3.0
5.4

13.8
5.8
1.3
2.4
4.3

13.5
5.6
1.2
2.4
4.2

16.3
6.8
1.5
2.9
5.1

18.6
7.8
1.7
3.3
5.9

20.4
8.5
1.9
3.6
6.4

54
55

25.1
25.1

-4.8
-4.8

0.7
0.7

8.7
8.7

27.3
27.3

13.1
13.1

4.2
4.2

14.3
14.3

7.5
7.5

-13.7
-13.7

-4.9
-4.9

56
57
58
59
60
61

26.6
-1.0
-4.1
38.2
-55.6
4.0

-16.9
-1.0
-4.5
-12.0
-34.4

51.2
-1.0
0.8
-35.2
45.6
61.3

33.0
-1.0
0.1
14.5
0.9
47.5

43.8
-1.0
5.9
-6.4
4.2
46.5

33.0
10.5
-25.2
-5.1
13.2

30.6
3.8
32.7
-.1
67.0

32.9
0.8
-.8
-.8
-6.5
25.6

30.1
1.0
-3.8
-2.9
49.7
74.0

16.5
1.6
-3.2
-27.8
20.7
7.7

9.7
2.0
7.2
-33.0
-.7
-14.8

62
63

-4.1
-4.1

0.8
0.8

0.1
0.1

5.9
5.9

3.9
3.9

4.1
4.1

-.9
-.9

-3.7
-3.7

-3.5
-3.5

7.2
7.2

64
65
66

-22.5
19.1
-3.4

12.5
18.7
31.3

-1.1
9.9
8.7

-20.4
25.7
5.4

-26.3
22.4
-4.0

18.6
22.8
41.4

-.5
21.7
21.2

-6.0
13.7
7.7

-2.8
10.6
7.8

56.9
56.9

X
-2.3
-2.3

funding corp, invest, in subs.
Pgn. bkg. off. in US
24.8 Liab.:
Brokers and dealers
20.5
funding corporations
45.3 Asset:

64
65
66

67
68

51.7
51.7

60.2
60.2

-34.6
-34.6

139.7
139.7

22.9
22.9

-7.7
-7.7

2.2
2.2

64.9
64.9

85.2
85.2

35.5
35.5

70.5
70.5

Securities borrowed (net)
37.4 Liab.:
funding corporations
37.4 Asset:
Brokers and dealers

67
68

*

Equity in govt
1.6 Liab.:
- Asset:
0.1
X
X
1.2
0.2
0.1
X

.-spons. enterprises
Govt.-sp. enterprises
U.S. government
farm bus. (fICB 8 PL3)
Nonfarm noncorp. (30
Nonfin.corp.bus.(fNMA)
Commercial banks(PHLB)
Savings inst. (PHLB)
Credit unions (PHL3)
Life insur. cos.(PHLB)

Deferred and unpaid life insurance premiums
0.9
0.9 Liab.: Household sector
Life insurance cos.
0.9
0.9 Asset:

43
44

Life insurance company reserves
11.5 Liab.:
Life insurance cos.
Health
11.0
Policy div. accum.
0.4
11.5 Asset: Household sector

45
46
47
48

Policy payables
Other insurance cos.
19.1 Liab.:
Household sector
9.0 Asset:
farm business
2.1
3.0
Nonfarm noncorp. bus.
5.0
Nonfin. corp, business

49
50
51
52
53

Pension fund contributions payable
15.0 Liab.:
Nonfin. corp, business 54
Private pension funds 55
15.0 Asset:
BHC investment in subsidiaries
15.4 Liab.:
Commercial banking
2.4
Savings institutions
10.6
finance companies
-10.0
Mortgage companies
Brokers and dealers
4.5
Bank holding companies
22.9 Asset:




56
57
58
59
60
61

NPC investment in finance co. subs.
finance companies
62
10.5 Liab.:
Nonfin. corp, business 63
10.5 Asset:

(1) Excludes capital gains/losses.

BILLIONS Of DOLLARS

34
35
36
37
38
39
40
41
42

DECEMBER 7, 1994
Unidentified Miscellaneous Claims

63

Unidentified Miscellaneous Claims

F.232 Unidentified Miscellaneous Financial Claims

ANNUAL FLOWS

1 Net chanse in liabilities
2
Nonfarm noncorp. business
3
U.S. sovernment
4
Govt.-spons. enterprises
5
Rest of the world
6
Monetary authority

ANNUAL FLOWS
1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

60.2
10.3
0.2
2.2
31.8
-.1

64.7
12.7
2.0
2.4
-8.3
-.2

62.3
19.2
4.9
2.3
-5.3
0.4

46.3
7,5
0.6
3.5
-8.0
-.1

22.8
3.1
3.2
4.1
-4.7
-.2

67.5
8.0
-9.4
2.9
7.1
0.8

59.3
8.0
9.6
0.5
-9.8

121.7
8.0
16.2

H

15.4
4.1

8.2
8.0
-17.1
2.3
-10.2
-4.6

68.5
8.0
14.3
6.9
-26.7
1.0

81.1
8.5
-.1
13.5
26.2
-3.5

92.4
8.5
0.7
0.5
40.7
0.6

57.5 7
13.6 8
22.3 9
19.7 10
2.0 11

M

1
2
3
4
5
6

7
8
9
10
11

Commercial banklns
U.S.-chartered banks
Foreign banking off. In US
Bank holding companies
Banks in U.S.-aff. areas

3.1
-8.8
1.5
10.9
-.5

13.1
1.4
-2.1
11.2
2.5

16.0
13.1
-2.0
5.3
-.4

16.4
10.3
-1.3
6.1
1.3

12.1
2.4
-.9
13.3
-2.7

16.1
-6.2
16.9
6.4
-1.1

11.6
4.4
-1.5
8.1
0.7

89.2
10.8
73.1
4.9
0.5

1.7
1.6
-2.0
1.2
1.0

43.0
9.2
34.6
0.1
-.9

47.5
-8.8
29.2
25.8
1.2

12
13
14
15
16
17

Savings Institutions
Credit unions
Life insurance companies
Finance companies
REITs
Brokers and dealers

17.8
-.9
4.5
-.1
0.1
-8.4

19.2
6.2
5.8
11.8

13.7
0.6
11.0
-1.5
0.2
0.9

18.0
-.1
10.3
-.7
0.1
-1.3

10.5
0.2
0.2
-8.7
0.1
3.0

9.3
0.9
0.8
43.6
0.4
-13.0

12.6
0.4
3.5
28.8
2.3
-8.2

3.0
-.6
4.9
-7.8
-1.4
-9.3

15.6
0.2
-10.9
8.3
-.9
15.9

-.5
0.6
5.2
1.9
1.6
13.2

1.2
0.1
5.5
-1.4
0.6
-17.0

-4.1
0.5
5.7
3.9
-.1
-21.9

12
13
14
15
16
17

61.8
-15.6
18.1
0.9
-11.7
0.1

29.5
0.9
-5.5
0.7
-5.4
0.5

27.8
2.4
-11.8
2.9
-3.0
3.0

66.1
2.6
-15.2
-3.2
4.2
1.0

74.3
6.0
8.5
1.0
-12.5
1.7

115.3
4.0
9.0
5.2
14.3
2.2

54.6
4.0
64.6
6.9
6.9
0.4

177.3
3.8
-28.0
14.3
9.5
28.4
8.2

43.6
3.7
-6.5
32.8
2.5
-9.6
-1.2

113.8
3.0
7.2
33.6
6.0
36.3
-2.2

127.1
-.1
47.7
13.9
-12.7
17-4
-3.2

137.7
-1.3
9.5
-5.3
3.5
58.8
2.6

18
19
20
21
22
23
24

Id Net change ln assets
19
Nonfarm noncorp. business
Nonfin. corporate business
20
U.S. government
21
22
Govt.-spons. enterprises
23
Rest of the world
24
Monetary authority

H

25
26
27
28
29

Commercial banking
U.S.-chartered banks
Foreign banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

34.4
-3.0
40.1
O.S
-3.2

-6.1
-5.7
-2.5
0.4
1.7

-4.5
-2.0
-1.2
1.4
-2.8

13.5
13.1
1.2
-.1
-.8

14.3
3.5
6.5
6.3
-2.1

20.6
2.3
17.6
1.3
-.6

3.9
0.9
2.3
-.7
1.4

81.7
12.0
66.7
2.2
0.9

-6.7
4.0
-24.0
13.2
0.1

11.7
-1.1
14.9
-1.6
-.5

36.6
-2.7
35.2
4.8
-.7

29.9
-5.5
35.3
0.5
-.4

25
26
27
28
29

30
31
32
33
34

Savings institutions
Credit unions
Life insurance companies
Private pension funds
St.Sloc. govt. rtr. funds

22.5
K
7.4
-.9
1.4

15.3
0.6
5.4
15.6
2.8

22.3
0.8
9.8
3.0
-1.6

11.4
2.1
7.5
18.6
1.4

2.4
2.8
9.5
14.3
6.6

17.7
-.4
8.7
17.5
0.9

5.6
0.6
8.2
-78.0
16.0

-2.6
1.9
7.3
15.3
30.5

5.7
2.4
-2.7
-3.4
23.0

-45.0
5.1
11.5
16.8
-16.3

-11.1
5.6
-3.0
6.3
21.9

-19.2
3.6
-1.8
7.6
6.0

30
31
32
33
34

35
36
37
38
39

Finance companies
REITs
Money market mutual funds
Brokers and dealers
Bank personal trusts

3.1
0.2
-1.1
2.9
0.1

1.8
-.4
2.9
0.3

-.6
1.2
1.5
2.4
0.1

12.3
0.3
0.6
8.1
0.9

11.7
0.1
2.9
5.1
-.3

15.3
1.1
1.4
-3.4
1.2

9.4
2.6
0.5
3.1
-.1

-7.4
0.9
5.2
6.9
1.4

14.9
-1.5
-6.4
-3.1
-.4

33.2
1.5
6.9
2.3
2.2

-2.9
-1.2
9.5
0.6
1.8

17.3
3.0
17.2
2.6
3.5

35
36
37
38
39

-1.6

35.1

34.5

-19.8

-51.4

-47.8

4.6

-55.6

-35.4

-45.3

-46.0

40 Discrepancy

BILLIONS OF DOLLARS.




M

-45.3 40

DECEMBER 7, 1994
Unidentified Miscellaneous Claims

Unidentified Miscellaneous Claims

F.232 Unidentified Miscellaneous Financial Claims

64
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1991 I
IV !1

1992

I

II

III

IV

I
11

1993

I

II

III

IV

I
1

I

1994
II

III

1
2
3
4
5
6

1
2
3
4
5
6

159.3
8.0
89.5
1.5
-107.4
-5.7

94.3
8.5
3.1
33.7
80.1
-6.1

130.4
8.5
-11.4
-14.5
89.7
-11.6

54.3
8.5
3.9
13.9
-75.8
14.2

45.4
8.5
3.9
21.0
10.8
-10.3

75.5
8.5
12.4
-43.1
89.1
8.7

176.0
8.5
-17.4
38.7
109.4
-10.9

31.2
8.5
-4.7
-4.5
-55.0
20.3

86.8
8.5
12.5
10.7
19.2
-15.6

40.1
8.5
3.0
-43.4
125.6
8.0

72.3
8.5
-9.9
-16.8
-51.0
-6.1

7
8
9
10
11

163.3
35.7
121.3
7.3
-1.0

-63.0
11.3
-100.5
24.2
2.1

131.5
-1.9
99.1
33.3
0.9

125.9
5.7
81.7
37.9
0.6

-4.5
-50.2
36.6
7.8
1.3

14.7
35.5
-44.7
22.2
1.7

70.6
2.9
40.8
24.9
1.9

43.5
-5.7
32.0
15.2
2.0

101.2
21.5
61.1
16.4
2.1

-64.7
60.0
-124.0
-3.0
2.3

135.0
23.1
116.6
-7.0
2.4

36.2
78.6
-45.0
0.2
2.5

Commercial banking
7
U.S.-chartered banks
8
Foreign banking off. in US 9
10
Bank holding companies
Banks in U.S.-aff. areas
11

12
13
14
IS
16
17

-3.2
0.5
-13.6
-10.7
4.4
32.7

-.2
-1.1
13.0
17.7
-6.8
15.4

-3.4
1.5
1.0
-16.6
-1.2
-43.0

5.3
-.7
0.4
-20.1
-4.0
-17.2

3.0
0.5
7.7
13.6
14.2
-23.1

-8.3
1.3
6.8
18.8
-7.1
-26.1

5.1
0.7
-.2
-20.8
3.4
-11.1

4.2
-2.0
7.5
9.4
0.5
3.6

-17.4
2.1
8.6
8.2
2.7
-53.9

0.7
0.3
4.0
26.4
-2.2
-26.1

14.9
0.7
2.9
-5.3
0.8
-1.6

7.5
-3.0
-.1
2.8
-2.3
-14.5

Savings Institutions
Credit unions
Life insurance companies
Finance companies
REITs
Brokers and dealers

IS
19
20
21
22
23
24

157.5
2.3
44.9
6.4
28.7
19.5
ll.l

144.6
0.8
52.4
29.5
-36.6
40.0
-14.1

219.7
0.5
11.8
32.5
7.1
-3.5
-2.8

106.9
-.5
46.7
4.5
2.6
20.8
11.8

37.0
-1.2
79.9
-10.9
-24.1
12.3
-7.7

177.0
-1.2
-72.9
-4.0
7.2
52.3
3.4

273.7
-1.1
2.7
-6.6
-1.1
68.6
7.4

49.7
-1.4
29.3
-19.9
17.5
47.3
-.4

50.4
-1.3
78.9
9.5
-9.8
67.0
0.2

127.7
-1.5
11.5
-13.7
-10.9
33.3
-.1

246.0
-1.6
-87.7
13.0
-12.1
-.5
2.7

25
26
27
28
29

-23.4
-35.0
9.6
2.3
-.4

132.4
59.1
24.1
49.3
-.1

144.0
8.4
150.2
-13.4
-1.1

-76.0
-37.7
-35.2
-2.2
-1.0

-53.9
-40.4
1.7
-14.6
-.5

141.0
63.1
51.8
26.7
-.6

87.0
8.7
91.6
-13.1
-.2

-67.2
-52.1
-13.5
-1.2
-.4

-41.2
-41.7
11.4
-10.4
-.5

26.9
96.7
-77.4
6.3
-.7

241.0
57.5
163.2
21.1
-.9

-113.9
-93.6
-43.3
24.0
-1.1

30
31
32
33
34

-3.1
-1.7
2.2
20.2
-8.7

-26.6
11.5
-9.8
-3.4
10.7

-1.8
-3.1
-1.4
0.1
-4.7

-16.6
6.8
-.7
6.9
65.9

0.9
7.4
-.2
21.7
15.9

-41.0
5.5
3.6
9.5
16.1

-5.2
-.7
12.6
3.4
10.6

-21.9
7.0
-7.4
12.0
-1.7

-8.6
2.5
-16.0
5.7
-.9

-2.3
21.6
21.3
-10.8
3.0

3.5
-2.9
-9.8
-3.8
4.4

35
36
37
38
39

40.5
6.6
7.7
2.2
2.2

-21.9

-8.4
-13.5
1.8

0.8
-.7
57.8
-18.3
1.4

11.1
-l.l
-14.6
37.8
1.6

-1.8
-3.2
3.1
-3.6
2.3

56.5
-3.7
-7.1
8.9
2.9

7.5
9.1
70.4
5.6
3.4

44.6
2.7
10.5
-5.1
3.7

-39.5
4.0
-4.9
0.9
3.9

-9.2
0.3
37.7
16.3
4.1

58.3
0.4
45.0
-8.2
4.4

40

1.8

-50.4

-89.3

-52.6

8.4

-101.5

-97.6

-18.4

36.4

-87.6

-173.7

X

BILLIONS OF DOLLARS.




69.0 Net change in liabilities
8.5
Nonfarm noncorp. business
U.S. government
-4.4
0.2
Govt.-spons. enterprises
22.8
Rest of the world
15.4
Monetary authority

-10.9 Net change in assets
Nonfarm noncorp. business
-1.7
-10.9
Nonfin. corporate business
-12.0
U.S. government
-12.7
Govt.-spons. enterprises
118.5
Rast of the world
2.4
Monetary authority

12
13
14
15
16
17

18
19
20
21
22
23
24

Commercial banking
U.S.-chartered banks
Foreign banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

25
26
27
28
29

-17.0
-16.6
21.7
11.7
30.7

Savings institutions
Credit unions
Life insurance companies
Private pension funds
St.Sloc. govt. rtr. funds

30
31
32
33
34

-13.3
0.3
-7.6
4.8
4.7

Finance companies
REITs
Money market mutual funds
Brokers and dealers
Bank personal trusts

35
36
37
38
39

79.9 Discrepancy

40

DECEMBER 7, 1994
Discrepancies

Discrepancies
F.9-F.10 Discrepancies

65
ANNUAL FLOWS

ANNUAL FLOWS

1982

1983

1984

1985

1987

1986

1988

1989

1990

1991

1992

1993

F.9 Sectors
1 All sectors
Household sector
Nonfin. corporate business
State and local governments
U.S. government
Rest of the world

2

3
4
5
6
7

8
9
10
11
12
13
14
15
16
17
18
19

Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial banking
Private nonbank finance
Savings institutions
Credit unions
Life insurance cos.
Other insurance cos.
Private pension funds
Finance companies
REITs
Brokers and dealers

21.1
6.2
-11.7
-3.2
6.9
32.4

-20.3
-50.7
34.2
-6.4
-1.8
10.3

28.7
-1.2
16.0
6.0
7.5
15.0

-8.0
-45.6
26.7
-6.0
16.7
16.1

-58.0
-83.2
37.1
-19.4
21.9
20.4

-54.7
-71.3
72.4
-3.3
-1.0
-16.5

-.9
-46.4
58.4
-17.6
34.1
-22.9

-12.8
-112.7
58.4
3.1
43.4
39.7

-44.4
-89.0
46.7
-6.1
-5.1
26.6

-12.6
-39.6
36.4
8.6
27.4
-54.7

8.4
-62.2
32.8
-10.5
45.7
-28.5

32.2
-18.0
34.0
2.8
17.4
9.5

-9.6
0.7
-.2
N

-5.9
-.5
0.1
8.1

-14.7
-1.3
0.1
4.3

-15.9
-.1
-1.8
0.7

-34.8
-2.0
-2.6
-2.7

-34.9
-1.4
-2.4
8.4

-6.6
-1.2
*
24.8

-44.7
-1.0
-1.8
-20.9

-17,6
-1.4
-2.6
-9.1

9.4
-1.1
-1.0
18.0

31.1
-2.2
0.3
26.6

-13.4
-3.2

-10.1
-4.6
-1.0
0.3
-.2
-1.3
-3.3
0.2
-.2

-13.6
-1.5
-.5
-2.6
-3.1
-2.3
-3.7
0.4
-.2

-17.8
-.6
-1.1
-2.6
-2.4
-3.6
-5.9
-1.3
-.2

-14.7
0.4
-1.1
-6.3
4.1
-3.6
-8.3
0.4
-.3

-27.6
-3.1
-1.2
-9.6
-2.5
-4.0
-8.5
1.3

-39.6
-3.5
-1.5
-21.6
-1.6
-4.5
-6.8
-.2
0.1

-30.3
-2.0
-1.6
-1.8
-10.9
-3.8
-12.0
2.0
-.1

-20.9
8.7
-1.8
-5.8
-5.6
-4.4
-11.0
-.9
-.1

-4.5
26.0
-1.6
-15.7
-2.7
-3.7
-8.0
1.5
-.2

-6.5
20.5
-1.6
-6.4
-16.3
-3.1
-1.4
1.8

6.3
18.4
-2.9
7.5
-7.9
-3.6
-6.4
1.1
0.1

-26.3
7.0
-3.8
-5.6
-23.7
-3.6
-6.9
10.6
-.3

11
12
13
14
15
16
17
18
19

N

K

I
2
3
4
5
6

7
8
9
16.0 10
K

F .10 Transactions
1 All types
Treasury currency
2
3
Interbank claims
4
Security RPs

21.1
-.2
-1.1
1.3

-20.3
-.2
-10.9
-13.6

28.7
-.1
5.5
-3.3

-8.0
-.2
5.3
-7.2

-58.0

-2.8
12.6

-54.7
-.1
-4.0
-23.8

-.9
-.1
-3.0
-24.6

-12.8
-.2
-4.4
32.4

-44.4
0.2
1.6
-24.0

-12.6
-.6
26.2
6.2

8.4
-.2
-4.9
27.9

32.2
-.2
4.2
81.1

I
2
3
4

Mail floats:
U.S. government
Other

0.3
-1.8

1.6
2.6

0.5
-1.9

1.3
0.8

-.6
-8.9

w
0.4

1.6
0.8

8.4
-2.2

3.3
8.5

-13.1
4.5

0.7
1.6

-1.5
-1.3

5
6

Trade credit
Taxes payable
Miscellaneous
NIPA

10.7
6.1
-1.6
7.4

-21.3
-3.4
35.1
-10.2

-18.6
2.8
34.5
9.2

-3.0
0.9
-19.8
13.9

-8.6
3.0
-51.4
-1.3

-10.8
6.7
-47.8
24.8

-15.1
6.3
4.6
28.5

7.0
2.7
-55.6
-.9

9.1
0.1
-35.4
-7.8

9.7
1.3
-45.3
-1.5

4.1
14.0
-46.0
11.1

16.5 7
1.0 8
-45.3 9
-22.3 10

-7.4
-

10.2
-

-9.2
-

-13.9
-

1.3
-

-24.8
-

-28.5
-

0.9
-

7.8
-

1.5
-

8.9
-20.0

2.3 ll
20.0 12

5
6

7
8
9
10
11
12

NIPA components:
Statistical discrepancy
Pvt. wage accr. less disb.

BILLIONS OF DOLLARS.




N

DECEMBER 7, 1994
Discrepancies

Discrepancies

F.9-F.10 Discrepancies

66
SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES

1991
IV

I
1

1992

I

II

III

IV

I
I

1993

I

II

III

IV

I
1

I

1994
II

III

F.9 Sectors

1
2
3
4
5
6

-36.6
-4.1
22.0
18.5
-18.0
-55.0

-56.4
-88.6
28.4
-2.0
66.4
-47.0

-15.5
-67.3
42.0
-12.9
20.4
-83.1

26.8
-41.5
8.6
-10.9
27.5
-16.7

78.6
-51.3
51.9
-16.1
68.3
32.8

-23.1
-27.2
17.3
-38.3
51.8

12.7
-127.3
18.4
-7.3
68.9
25.4

63.2
17.7
50.5
7.1
13.9
-46.3

76.1
64.7
49.5
11.4
25.0
7.0

-103.2
-137.1
4.8
-6.0
59.1
-71.0

-23.8
-92.8
4.8
2.9
45.7
-26.9

7
8
9
10

0.1
M
4.8
3.4

-13.8
-.7
-1.1
-11.7

85.4
-4.1
-5.4
91.2

59.8
-1.2
6.6
40.5

-7.0
-2.9
1.3
-13.4

-26.8
-4.0
-1.0
12.0

34.5
-2.3
1.3
52.7

20.3
-3.6
-2.4
36.6

-81.6
-2.8
2.4
-37.1

46.9
-3.7
-4.0
82.0

42.4
-3.0
-.4
53.2

63.2
-1.7
0.8
70.1

11
12
13
14
15
16
17
18
19

-8.0
18.1
-2.0
-6.0
-11.1
-2.9
-6.4
2.0
0.3

-.3
17.7
-1.1
7.4
-9.7
-3.3
-9.4
-1.8
-.2

3.6
17,8
-3.8
8.6
-5.8
-3.5
-9.8
-.2
0.4

13.9
23.7
-3.7
9.1
-7.5
-4.2
-5.1
1.4
0.1

8.1
14.2
-2.8
4.8
-8.7
-3.2
-1.1
5.0
*

-33.8
6.1
-4.3
-23.2
-17.3
-3.3
0.1
8.0
M

-17.1
7.6
-3.8
4.4
-24.8
-3.5
-9.2
12.2
0.1

-10.2
7.6
-4.2
15.5
-31.2
-3.6
-5.6
12.7
-1.4

-44.0
6.6
-3.0
-19.1
-21.3
-4.0
-13.0
9.6
0.3

-27.3
7.0
-2.5
-ll.S
-28.3
-3.8
3.6
8.4

-7.3
7.6
-2.7
17.2
-16.9
-3.7
-18.4
9.0
0.5

-6.0
6.1
-4.0
5.8
-14.7
-3.9
-.7
4.9
0.5

181.8 All types
X
Treasury currency
11.4
Interbank claims
63.8
Security RPs

1
2
3
4
5
6

181.8 AH sectors
Household sector
78.6
Nonfin. corporate business
18.3
-4.0
State and local governments
48.4
U.S. government
-22.7
Rest of the world
Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial banking
Private nonbank finance
Savings institutions
Credit unions
Life insurance cos.
Other insurance cos.
Private pension funds
Finance companies
REITs
Brokers and dealers

1
2
3
4
5
6

7
8
9
10
11
12
13
14
15
16
17
18
19

F.10 Transactions

1
2
3
4

-36.6
-.1
12.8
50.3

-56.4
-.3
1.2
-21.2

-15.5
-.2
-13.1
98.5

26.8
-.2
-2.0
25.2

78.6
-.1
-5.5
8.9

-23.1
-.2
2.7
179.6

12.7
-.2
0.5
60.8

63.2
-.2
-10.4
66.6

76.1
-.2
24.0
17.3

-103.2
-.2
-29.1
7.1

-23.8
-.2
5.3
119.1

5
6

-92.8
-5.8

14.8
13.9

-11.2
1.5

10.8
-11.3

-11.8
2.2

4.7
-2.0

2.9
8.3

2.1
-5,2

-15.5
-6.2

-2.4
0.6

0.3
-1.1

14.7
-6.2

Mail floats:
U.S. government
Other

7
8
9
10

-6.1
1.4
1.8
1.9

-19.2
6.8
-50.4
-2.0

0.5
9.4
-89.3
-11.5

30.3
30.4
-52.6
-3.9

5.0
9.5
8.4
61.9

5.8
-6.9
-101 .5
-105.2

25.7
18.2
-97.6
-5.9

22.2
1.2
-18.4
5.4

12.5
-8.6
36.4
16.5

-27.0
-.7
-87.6
36.2

-10.3
12.4
-173.7
24.3

-2.2
-1.4
79.9
21.7

Trade credit
Taxes oayable
Miscellaneous
NIPA

11
12

-1.9
-

2.0
-

11.5
-

3.9
-

18.1
-80.0

25.2
80.0

5.9
-

-5.4
-

-16.5
-

-36.2
-

-24.3
-

-21.7
-

BILLIONS OF DOLLARS.




NIPA components:
Statistical discrepancy
Pvt. wage accr. less disb.

7
8
9
10

11
12

Credit Market Debt

Credit Market Debt

L.2-L.4 Credit Market Debt

67

LEVELS, 1979-1990

LEVELS, 1979-1990
1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.2 Credit Market Debt Owed by Nonfinancial Sectors

1 Domestic
2
3
4

U.S. sovernment
Treasury securities
Budget agency secur.Smtgs.

5
6
7

Private, by transaction
Tax-exempt securities
Corporate bonds

8
9
10
11
12

Mortgages
Home
Multifamily
Commercial
Farm

13
14
15
16

Consumer credit
Bank loans n.e.c.
Commercial paper
Other

17
18
19
20
21
22
23

Private, by sector
Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
State and local govts.

24
25
26
27
28

Foreign credit market debt
held in U.S.
Bonds
Bank loans n.e.c.
Commercial paper
U.S. govt, and other loans

29 Domestic and foreign

3579.0

3923.8

4305.0

4707.8

5273.0

6036.0

6971.5

7817.3

8561.6

9312.6 10070.4 10712.6

1

657.7
652.1
5.6

735.0
730.0
5.0

820.5
815.9
4.5

981.8
978.1
3.7

1167.0
1163.4
3.6

1364.2
1360.8
3.4

1589.9
1586.6
3.3

1805.9
1802.2
3.6

1949.8
1944.6
5.2

2104.9
2082.3
22.6

2251.2
2227.0
24.2

2498.1
2465.8
32.4

2
3
4

2921.4
341.5
337.9

3188.8
365.4
365.6

3484.5
398.3
390.3

3726.1
451.3
421.0

4106.0
505.7
447.0

4671.8
564.4
495.1

5381.6
744.6
578.2

6011.4
787.0
705.4

6611.8
862.5
784.1

7207.7
921.4
887.2

7819.2
991.2
961.1

8214.5
1039.9
1008.2

5
6
7

1316.3
861.0
133.6
235.0
86.8

1457.9
965.1
141.2
254.2
97.5

1564.3
1039.8
141.1
276.2
107.2

1638.8
1081.8
144.8
300.9
111.3

1826.4
1199.4
160.0
353.4
113.7

2051.8
1335.0
184.7
419.6
112.4

2309.7
1504.6
214.6
484.7
105.9

2612.7
1707.1
250.3
559.5
95.2

2960.3
1936.1
275.0
661.4
87.7

3246.9
2171.0
292.5
700.4
83.0

3545.2
2407.3
305.3
751.7
80.5

3758.5 8
2616.3 9
307.9 10
755.4 11
78.9 12

350.6
329.8
24.5
220.7

355.4
365.0
28.0
251.5

372.3
413.5
42.7
303.0

388.7
465.7
37.6
322.9

437.6
490.9
36.8
361.5

519.3
547.3
58.5
435.5

601.6
592.1
72.2
483.2

659.1
647.6
62.9
536.9

692.0
659.7
73.8
579.4

742.1
697.9
85.7
626.5

796.4
733.7
107.1
684.4

812.4
726.9
116.9
751.8

13
14
15
16

2921.4
1270.1
1351.8
145.7
385.5
820.6
299.5

3188.8
1391.1
1487.3
161.5
440.2
885.6
310.4

3484.5
1499.7
1658.1
177.8
481.7
998.6
326.7

3726.1
1568.1
1300.8
184.5
552.8
1063.5
357.1

4106.0
1733.4
1980.8
188.4
625.0
1167.4
391.7

4671.8
1950.9
2293.5
187.9
736.6
1363.9
427.4

5381.6
2242.7
2S75.8
173.4
859.9
1542.5
563.0

6011.4
2504.5
2889.0
156.0
958.9
1774.1
618.0

6611.8
2770.7
3148.1
144.4
1033.9
1969.9
693.0

7207.7
3073.6
3399.5
133.7
1096.8
2169.0
734.5

7819.2
3379.6
3637.0
134.4
1136.9
2365.7
802.5

8214.5
3614.3
3751.7
135.4
1147.0
2469.2
848.6

17
18
19
20
21
22
23

172.9
47.8
53.0
4.6
67.6

197.2
49.0
64.8
7.0
76.5

220.7
54.5
67.8
10.8
87.5

210.4
61.1
33.8
15.1
100.5

227.7
64.2
37.4
21.5
104.6

235.5
68.0
30.8
27.7
109.0

236.7
71.8
27.9
33.9
103.0

238.3
74.9
26.9
37.4
99.1

245.0
82.3
23.3
41.2
98.2

251.4
89.2
21.5
49.9
90.7

261.2
94.1
21.4
63.0
82.7

285.0
115.4
18.5
75.3
75.7

24
25
26
27
28

3751.9

4121.1

4525.7

4918.2

5500.7

6271.5

7208.2

8055.6

8806.6

9563.9 10331.6 10997.5 29

L.3 Credit Market Debt Owed by Financial Sectors

505.9

578.9

682.4

778.1

880.3

1049.3

1254.2

1588.7

1890.2

2139.8

2393.4

2599.5

1

2
3
4
5

U.S. government-related
GSE securities
Mortgage pool securities
Loans from U.S. government

231.8
135.5
94.8
1.5

276.6
159.9
114.0
2.7

324.0
190.4
129.0
4.6

388.9
205.4
178.5
5.0

456.7
206.8
244.9
5.0

531.2
237.2
289.0
5.0

632.7
257.8
368.9
6.1

810.3
273.0
531.6
5.7

978.6
303.2
670.4
5.0

1098.4
348.1
745.3
5.0

1247.8
373.3
869.5
5.0

1418.4
393.7
1019.9
4.9

2
3
4
5

6
7
8
9
10
11

Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open market paper
Fed. Home Loan Bank loans

274.1
86.4
2.0
28.0
115.9
41.8

302.3
93.8
1.9
28.7
128.8
49.0

358.3
98.9
1.9
30.8
161.5
65.2

389.2
113.7
2.0
33.3
174.2
66.0

423.6
131.3
2.1
35.8
195.5
59.0

518.1
176.6
2.5
44.8
219.5
74.6

621.5
233.1
2.5
44.6
252.4
88.3

778.4
325.4
2.3
56.9
284.6
108.6

911.7
404.0
3.1
48.6
322.9
133.1

1041.4
456.1
3.4
51.4
377.7
152.8

1145.6
526.1
3.7
64.9
409.1
141.8

1181.1
6
572.4 7
4.3 8
69.6
9
417.7 10
117.1 11

1 By transaction

505.9

578.9

682.4

778.1

880.3

1049.3

1254.2

1588.7

1890.2

2139.3

2393.4

2599.5 12

13
14

Govt.-sponsored enterprises
Fed. related mortgage pools

137.0
94.8

162.6
114.0

195.0
129.0

210.4
178.5

211.8
244.9

242.2
289.0

263.9
363.9

278.7
531.6

308.2
670.4

353.1
745.3

378.3
869.5

398.5 13
1019.9 14

15
16
17
18
19
20
21
22
23
24
25
26

Private financial sectors
Commercial banks
Bank holding companies
Funding corporations
Savings institutions
Credit unions
Life insurance companies
Finance companies
Mortgage companies
REITs
Brokers and dealers
ABS issuers

274.1
40.2
36.1
47.9
132.6
12.1
5.1
-

302.3
48.5
42.8
12.5
55.4
126.9
11.6
4.6
-

358.3
60.1
52.8
16.8
71.4
141.6
11.8
3.7
-

389.2
71.8
60.1
22.3
72.5
144.9
13.4
3.7
-

423.6
76.8
73.5
25.9

518.1
84.1
89.5
27.1
89.5
183.6
15.5
4.2
1.1
23.4

621.5
79.2
106.2
38.7
110.2
224.3
16.7
5.5
1.3
39.4

778.4
75.6
116.8
58.7
134.3
275.9
25.7
6.7
3.-4
81.4

911.7
81.3
131.1
79.7
162.6
299.1
14.5
8.3
3.2
131.3

1041.4
78.8
136.2
117.8
184.3
323.0
14.5
10.3
7.5
169.0

1145.6
77.4
142.5
130.3
169.2
350.4
24.6
11.6
13.8
225.8

12 By sector

■

66.1

159.7
14.0
3.5
0.4
3.7

1181.1
76.7
114.8
145.7

374.4
24.6
12.4
15.3
278.1

15
16
17
18
19
20
21
22
23
24
25
26

9644.3 10696.8 11703.7 12725.0 13597.1
2610.4 2923.4 3198.3 3494.1
3911.7
787.0
921.4
862.5
991.2 1039.9
1105.6
1270.4
1432.6 1581.3
1696.0
2615.5 2963.5 3250.3 3549.0 3762.9

1
2
3
4
5

139.1

L.4 Credit Market Debt, All Sectors , by Transaction

4257.8
887.3
341.5
472.1
1318.9

4699.9
1008.3
365.4
508.4
1460.4

5208.0
1139.5
398.3
543.7
1566.7

5696.3
1365.4
451.3
595.8
1641.2

6381.0
1613.4
505.7
642.5
1828.8

7320.8
1390.3
564.4
739.7
2054.4

8462.4
2216.5
744.6
883.1
2312.3

350.6
410.8
145.0
331.6

355.4
458.5
163.8
379.7

372.3
512.2
215.1
460.4

388.7
532.8
226.8
494.4

437.6
564.2
253.8
530.0

519.3
622.9
305.7
624.1

601.6
664.6
358.5
681.2

659.1
731.5
384.9
750.3

692.0
731.6
437.9
815.6

742.1
770.8
513.4
875.0

796.4
819.9
579.2
913.9

812.4
815.0
609.9
949.4

6
7
8
9

Selected claims not included above:
48.0
Security credit
428.1
Trade credit
51.8
Mutual fund shares
1175.2
Corporate equities

61.9
482.0
61.8
1534.7

64.0
520.5
59.8
1422.6

69.8
526.1
76.9
1611.2

83.4
570.5
112.1
1919.8

87.9
616.1
136.7
1850.9

131.2
664.2
240.2
2360.3

141.1
691.7
413.5
2763.4

115.3
748.8
460.1
2778.9

118.3
837.1
478.3
3098.9

133.9
905.3
566.2
3809.7

137.4
942.2
602.1
3530.2

10
11
12
13

1 Total
U.S. government securities
2
Tax-exempt securities
3
4
Corporate and foreign bonds
5
Mortgages
6
7
8
9

Consumer credit
Bank Loans n.e.c.
Open market paper
Other loans

Memo:

10
11
12
13

BILLIONS OF DOLLARS, END OF PERIOD




DECEMBER 7, 1994
Credit Market Debt

Credit Market Debt

L.2-L.4 Credit Market Debt

68
LEVELS, 1991-1994

LEVELS, 1991-1994

1991
IV

1992

J
I

I

II

III

IV

I
1

1993

I

II

III

IV

I
1

I

1994
II

III

L.2 Credit Market Debt Owed by Nonfinancial Sectors
1 11181.5 11300.7 11434.6 11569.4 11720.7 11816.1 12008.9 12155.3 12363.1 12485.5 12629.7 12775.0 Domestic

1

2
3
4

2776.4
2757.8
18.6

2859.7
2844.0
15.8

2923.3
2907.4
15.9

2998.9
2980.7
18.1

3080.3
3061.6
18.8

3140.2
3120.6
19.6

3201.2
3180.6
20.6

3247.3
3222.6
24.7

3336.5
3309.9
26.6

3387.7
3361.4
26.3

3395.5
3368.0
27.5

3432.5
3403.9
28.6

U.S. government
Treasury securities
Budget agency secur.Smtgs.

2
3
4

5
6
7

8405.1
1108.6
1086.9

8440.9
1118.1
1106.1

8511.2
1139.6
1125.5

8570.5
1142.7
1140.9

8640.4
1139.7
1154.4

8675.9
1160.7
1175.9

8807.7
1202.2
1194.8

8908.1
1210.0
1212.8

9026.6
1217.8
1229.6

9097.8
1222.3
1238.4

9234.3
1229.5
1248.1

9342.5
1209.9
1254.3

Private, by transaction
Tax-exempt securities
Corporate bonds

5
6
7

8
9
10
11
12

3920.0
2780.0
304.8
755.8
79.3

3954.1
2823.5
307.4
744.1
79.2

3977.7
2857.2
303.1
737.6
79.8

4019.3
2915.4
300.3
723.1
80.5

4043.9
2959.6
293.6
710.3
80.4

4061.5
2979.3
292.3
709.2
80.8

4109.9
3038.1
289.4
701.4
81.0

4166.6
3098.3
288.2
699.0
81.1

4206.5
3147.3
287.5
690.6
81.2

4230.5
3178.4
286.0
684.7
81.4

4281.5
3225.1
287.1
686.5
82.9

4337.4
3276.0
288.8
688.7
83.3

13
14
15
16

797.4
686.0
98.5
707.8

775.2
670.6
110.4
706.4

773.4
671.0
112.0
712.0

781.4
663.1
108.2
714.8

803.0
672.1
107.1
720.2

788.2
660.9
113.9
714.9

800.2
666.3
124.0
710.2

824.3
665.6
123.2
705.5

866.5
677.2
117.8
711.1

863.6
688.8
129.9
724.3

895.3
712.6
135.7
731.4

932.1
732.7
138.7
737.5

17
18
19
20
21
22
23

8405.1
3784.7
3709.3
135.0
1116.4
2458.0
911.1

8440.9 8511.2
3806.7 385J.6
3715.4 v3723.7
132.6
136.5
1111.9
1101.1
2470.9
2486.1
913.9
935.9

8570.5
3923.5
3710.9
137.9
1086.8
2486.2
936.2

8640.4
4002.3
3710.5
136.0
1074.1
2500.4
927.5

8675.9
4012.6
3715.7
133.4
1067.2
2515.1
947.6

8807.7
4093.0
3729.8
136.7
1059.4
2533.7
984.9

3908.1
4190.9
3729.1
138.7
1052.2
2538.3
988.0

9026.6
4292.0
3741.5
138.3
1049.1
2554.1
993.2

9097.8
4330.4
3772.9
136.7
1050.4
2585.7
994.4

9234.3
4420.7
3816.4
142.4
1055.1
2618.9
997.2

9342.5
4518.5
3848.4
144.3
1061.2
2642.9
975.7

24
25
26
27
28

298.8
129.5
21.6
81.8
65.9

309.2
137.5
26.5
80.7
64.5

310.9
143.9
23.9
77.7
65.3

319.8
160.6
24.3
72.3
62.7

332.0
171.9
25.9
72.1
62.0

351.3
'193.0
26.2
71.7
60.3

357.8
203.4
24.6
68.7
61.1

340.3
210.6
26.2
43.3
60.3

341.2
213,4
26.0
42.0
59.9

339.0
215.0
26.2
39.9
57.8

287.8
129.8
22.0
70.5
65.6

303.0
134.4
25.5
77.4
65.7

Mortgages
Home
Multifamily
Commercial
Farm

8
9
10
11
12

Consumer credit
Bank loans n.e.c.
Commercial paper
Other

13
14
15
16

Private, by sector
Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
State and local govts.

17
18
19
20
21
22
23

Foreign credit market debt
held in U.S.
Bonds
Bank loans n.e.c.
Commercial paper
U.S. govt, and other loans

24
25
26
27
28

29 11480.3 11588.5 11737.6 11878.5 12031.6 12135.9 12340.9 12506.6 12720.8 12825.8 12971.0 13114.0 Domestic and foreign

29

L.3 Credit Market Debt Owed by Financial Sectors

1

2752.1

2806.4

2874.9

2949.6

3004.7

3047.0

3096.6

3204.7

3297.3

3412.3

3492.5

3577.1 By transaction
2075.9
633.3
1437.6
-

U.S. government-related
GSE securities
Mortgage pool securities
Loans from U.S. government

2
3
4
5

Private financial sectors
Corporate bonds
Mortgages
Bank loans n.e.c.
Open market paper
Fed. Home Loan 3ank loans

6
7
8
9
10
11

I

2
3
4
5

1564.2
402.9
1156.5
4.8

1590.3
405.7
1179.8
4.3

1641.6
417.8
1219.0
4.8

1683.5
434.7
1244.0
4.8

1720.0
443.1
1272.0
4.8

1755.8
451.2
1299.3
4.8

1774.5
468.4
1301.3
4.8

1845.2
510.3
1330.1
4.8

1881.1
523.7
1352.6
4.3

1954.5
563.7
1390.8
-

2021.1
600.3
1420.3
-

6
7
8
9
10
11

1187.9
640.0
4.8
78.4
385.7
79.1

1216.1
659.7
5.0
81.8
393.2
76.3

1233.2
680.5
5.0
80.3
390.5
76.9

1266.1
701.5
5.1
84.6
394.6
80.2

1284.8
724.3
5.4
80.5
394.3
79.9

1291.3
751.0
5.7
70.3
379.3
85.0

1322.2
774.8
6.0
73.3
375.9
92.1

1359.5
810.5
7.6
69.2
373.2
98.9

1416.1
844.1
3.9
66.5
393.5
103.1

1457.9
879.3
9.0
60.3
408.8
100.4

1471.4
895.0
9.1
48.9
409.9
108.5

1501.1
911.1
9.2
44.5
420.1
116.2

12

2752.1

2806.4

2874.9

2949.6

3004.7

3047.0

3096.6

3204.7

3297.3

3412.3

3492.5

3577.1 By sector

12

13
14

407.7
1156.5

410.5
1179.8

422.6
1219.0

439.5
1244.0

447.9
1272.0

456.0
1299.8

473.2
1301.3

515.1
1330.1

528.5
1352.6

563.7
1390.8

600.3
1420.3

638.3
1437.6

Govt.-sponsored enterprises
Fed. related mortgage pools

13
14

15
16
17
18
19
20
21
22
23
24
25
26

1187.9
65.0
112.3
139.1
94.6
393.0
22.2
13.6
19.0
329.1

1216.1
63.8
115.0
156.0
89.8
ft
382.2
29.0
14.4
19.7
346.1

1233.2
66.2
112.7
164.5
87.6
ft
377.4
28.2
14.8
23.1
358.3

1266.1
69.0
114.4
166.2
89.2
ft
ft
382.7
31.8
15.3
22.7
374.8

1284.8
73.8
114.6
161.6
87.8
»
N
339.4
30.2
13.9
21.7
391.7

1291.3
73.1
119.9
162.2
90.3
»
ft
381.3
23.9
14.0
19.3
407.2

1322.2
76.6
120.2
166.5
93.4
0.1
0.2
373.3
32.0
14.4
22.8
422.3

1359.5
77.9
120.3
166.3
96.8
0.2
0.1
330.0
31.8
15.8
26.4
443.8

1416.1
79.5
123.4
169.9
99.0
0.2
0.2
390.5
29.2
17.4
33.7
473.2

1457.9
78.4
124.2
190.4
97.6
0.3
0.3
401.9
22.3
17.7
31.3
493.6

1471.4
32.1
126.3
191 . 1
99.0
0.3
0.3
414.2
14.0
18.3
31.3
494.6

1501.1
87.5
129.2
200.3
102.7
0.4
0.3
420.9
11.5
18.8
29.4
500.2

Private financial sectors
Commercial banks
Bank holding companies
Funding corporations
Savings institutions
Credit unions
Life insurance companies
Finance companies
Mortgage companies
REITs
Brokers and dealers
ABS issuers

15
16
17
18
19
20
21
22
23
24
25
26

L.4 Credit Market Debt, All Sectors, by Transaction

1 14232.3 14394.8 14612.4 14828.2 15036.3 15183.0 15437.5 15711.3 16018.1 16238.1 16463.5 16691.0 Total
4677.6 4795.5 4891.2 4970.9 5087.7 5212.8 5342.2 5416.5 5508.3
U.S. government securities
2 4335.7 4^45.2 4560.1
1222.3 1229.5 1209.9
1139.6
1142.7
1139.7
1160.7
1202.2 1210.0
1217.8
Tax-exempt securities
1118.1
1108.6
3
2087.4 2141.5 2216.3 2277.0
2328.3 2356.5 2380.4
Corporate and foreign bonds
1895.6
1940.5 1979.9 2023.1
1856.5
4
Mortgages
3982.8 4024.5 4049.3 4067.2 4116.0 4174.2 4215.5 4239.5 4290.6 4346.6
5 3924.8 3959.1
6
7
8
9

797.4
785.9
565.9
857.5

775.2
774.4
574.1
853.1

773.4
776.8
579.9
859.4

781.4
774.2
583.6
864.3

803.0
776.6
579.0
870.2

788.2
755.4
565.5
867.4

800.2
765.5
572.0
869.1

824.3
761.0
568.2
869.6

866.5
768.4
580.0
880.1

863.6
775.4
532.0
884.9

895.3
787.5
587.5
899.8

Consumer credit
Bank loans n.e.c.
Open market paper
Other loans

932.1
803.5
598.7
911.5

1
2
3
4
5
6
7
8
9

Memo:
10
11
12,
13

188.9
935.9
313.9
4863.6

194.6
931.5
860.4
4925.5

193.3
941.7
924.4
4841.5

214.5
962.0
965.6
5004.2

BILLIONS OF DOLLARS, END OF PERIOD




217.3
977.4
1042.1
5462.9

225.0
976.9
1134.6
5647.3

234.7
989.7
1225.8
5683.7

254.5
1009.6
1342.4
5941.7

279.3
1026.4
1429.3
6186.5

282.7
1022.3
1439.0
6052.2

278.1
1039.5
1443.1
5877.7

Selected
263.2
1062.5
1563.7
6135.1

claims not included above:
Security credit
Trade credit
Mutual fund shares
Corporate equities

10
11
12
13

DECEMBER 7, 1994
Total Claims

Total Claims
L.6-L.7 Total Claims

69
LEVELS, 1979-1990

LEVELS, 1979-1990

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.6 Credit Market Debt Outstanding (1)

4257.8
3579.0
657.7
2921.4
1270.1
145.7
385.5
820.6
299.5

4699.9
3923.8
735.0
3188.8
1391.1
161.5
440.2
885.6
310.4

5208.0
4305.0
820.5
3484.5
1499.7
177.8
481.7
998.6
326.7

5696.3
4707.8
981.8
3726.1
1568.1
184.5
552.8
1063.5
357.1

6381.0
5273.0
1167.0
4106.0
1733.4
188.4
625.0
1167.4
391.7

7320.8
6036.0
1364.2
4671.8
1950.9
187.9
736.6
1368.9
427.4

8462.4
6971.5
1589.9
5381.6
2242.7
173.4
859.9
1542.5
563.0

9644.3 10696.8 11703.7 12725.0 13597.1
7817.3 8561.6 9312.6 10070.4 10712.6
1805.9
1949.8 2104.9 2251.2 2498.1
6011.4 6611.8 7207.7 7819.2 8214.5
2504.5 2770.7 3073.6 3379.6 3614.3
156.0
144.4
134.4
133.7
135.4
958.9 1033.9 1096.8
1136.9
1147.0
1774.1
1969.9 2169.0
2365.7 2469.2
618.0
848.6
693.0
802.5
734.5

1
2
3
4
5
6
7
8
9

172.9
505.9
137.0
94.8
40.2
36.1
47.9
132.6
12.1
5.1
-

197.2
578.9
162.6
114.0
48.5
42.8
12.5
55.4
126.9
11.6
4.6
-

220.7
682.4
195.0
129.0
60.1
52.8
16.8
71.4
141.6
11.8
3.7
-

210.4
778.1
210.4
178.5
71.8
60.1
22.8
72.5
144.9
13.4
3.7
-

227.7
880.3
211.8
244.9
76.8
73.5
25.9
66.1
159.7
14.0
3.5
0.4
3.7

235.5
1049.3
242.2
289.0
84.1
89.5
27.1
89.5
183.6
15.5
4.2
1.1
23.4

236.7
1254.2
263.9
368.9
79.2
106.2
38.7
110.2
224.3
16.7
5.5
1.3
39.4

238.3
1588.7
278.7
531.6
75.6
116.8
58.7
134.3
275.9
25.7
6.7
3.4
81.4

251.4
2139.8
353.1
745.3
78.8
136.2
117.8
184.3
323.0
14.5
10.3
7.5
169.0

10
11
12
13
14
15
16
17
18
19
20
21
22
23

24 Tot. cred. mkt. assets held by
25
Private dom. nonfin. sectors
26
Household sector
Nonfarm noncorp, business
27
28
Nonfin. corporate business
State & local governments
29
30
U.S. government

4257.8
642.4
416.8
14.7
71.8
139.1
140.0

4699.9
691.5
461.2
14.9
70.9
144.4
163.8

5208.0
751.2
493.0
23.7
80.8
153.6
187.8

5696.3
834.0
527.2
28.2
101.6
177.1
203.6

6381.0
994.9
627.2
35.3
119.5
212.9
213.2

7320.8
1125.5
712.4
44.8
129.9
238.3
230.1

8462.4
1403.5
861.8
49.7
134.3
362.3
248.6

9644.3 10696.8 11703.7 12725.0 13597.1 24
1436.1
1689.9
1923.8 2074.3 2260.8 25
323.8 1031.7
1237.5 1345.8 1499.3 26
53.6
47.6
50.3
69.5
47.8 27
154.6
189.6 28
179.5
173.5
193.2
404.1
524.1 29
437.1
456.5
485.3
205.4
255.2
240.5
239.0 30
213.8

31
32
33
34
35

161.0
3314.5
158.1
94.8
124.5

186.5
3658.2
184.5
114.0
128.0

217.0
4052.1
217.7
129.0
136.9

255.8
4402.8
233.7
178.5
144.5

282.5
4890.4
237.1
244.9
159.2

361.0
5604.2
266.8
289.0
167.6

436.2
6369.0
292.1
368.9
186.0

547.8
7405.2
308.9
531.6
205.5

604.0
8162.5
332.7
670.4
230.1

709.8
8856.3
365.3
745.3
240.6

918.3 31
833.3
9611.9 10179.0 32
375.6 33
361.7
369.5 1019.9 34
241.4 35
233.3

1181.8
1095.6
74.3
8.0
4.0
0.6
722.2
351.0
113.7
120.8
126.6

1289.9
1183.2
94.1
7.6
5.0
0.6
775.7
383.3
123.5
151.4
147.2

1398.2
1278.1
106.6
8.0
5.5
1.0
803.7
414.2
132.0
178.6
169.0

1482.9
1386.1
83.1
5.8
7.9
1.1
814.0
456.6
137.0
227.2
190.7

1626.1
1522.7
86.3
7.2
9.5
2.6
948.9
509.0
138.6
267.3
199.8

1800.1
1681.4
99.6
8.1
11.0
2.7
1103.7
563.1
150.3
306.9
235.7

1989.5
1346.9
117.1
11.8
13.7
3.4
1196.1
637.5
176.5
378.5
257.4

2187.6
2009.4
152.0
11.5
14.6
6.0
1304.9
724.5
219.2
446.2
305.4

2323.0
2108.6
186.2
13.5
14.7
7.6
1441.6
816.2
258.6
479.8
335.4

2479.5
2235.0
215.6
13.4
15.5
11.6
1558.1
920.2
287.9
509.0
353.0

2647.4
2371.9
242.3
16.2
17.1
19.6
1472.0
1022.0
317.5
590.2
399.0

2772.5
2466.7
270.8
13.4
21.6
35.7
1320.5
1116.5
344.0
607.4
433.9

36
37
38
39
40
41
42
43
44
45
46

167.8
16.8
15.6
3.0
24.9
4.9
3.9
83.6

181.4
16.1
18.5
3.0
41.7
4.2
6.6
88.8

204.1
16.4
21.6
2.9
106.5
2.6
20.9
96.7

212.3
18.6
26.3
3.4
137.0
2.6
36.2
100.3

237.6
19.5
36.0
3.1
119.2
2.7
25.5
3.0
109.4

273.3
21.6
54.0
2.7
164.2
3.5
54.1
21.9
123.1

319.7
24.7
122.7
4.1
178.1
5.9
58.2
36.9
132.8

362.4
36.6
245.8
7.0
212.2
5.9
66.3
78.1
151.4

409.9
23.9
271.6
11.0
214.0
7.0
39.8
126.2
163.9

448.0
29.0
283.4
28.8
224.7
7.8
23.5
162.2
177.8

468.6
49.2
307.2
35.4
291.8
8.4
103.7
217.3
197.5

497.6
49.2
360.2
35.6
372.7
7.7
106.5
268.9
213.4

47
48
49
50
51
52
53
54
55

1 Tot. cred. mkt. debt owed by:
Domestic nonfinan. sectors
2
U.S. government
3
4
Private domestic
Household sector
5
Farm business
6
Nonfarm noncorp. bus.
7
8
Nonfin. corporate bus.
9
State&local governments
10
11
12
13
14
15
16
17
18
19
20
21
22
23

Rest of the world
Financial sectors
Govt.-spons. enterprises
Fed. rel. mortgage pools
Commercial banks
Bank holding companies
Funding corporations
Thrift institutions
Life Insurance companies
Finance companies
Mortgage companies
REITs
Brokers and dealers
ABS issuers

Rest of the world
Financial sectors
Govt.-spons. enterprises
Fed. rel. mortgage pools
Monetary authority

36
37
38
39
40
41
42
43
44
45
46

Commercial banking
U.S. commercial banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas
Funding corporations
Thrift institutions
Life insurance cos.
Other insurance cos.
Private pension funds
St.Sloe.govt. rtr. funds

47
48
49
50
51
52
53
54
55

Finance companies
Mortgage companies
Mutual funds
Closed-end funds
Money mkt. mutual funds
REITs
Brokers and dealers
ABS issuers
Bank personal trusts

245.0
1890.2
308.2
670.4
81.8
131.1
79.7
162.6
299.1
14.5
8.3
3.2
131.3

261.2
2393.4
378.3
869.5
77.4
142.5
133.3
169,2
350.4
24.6
11.6
13.8
225.8

285,0
2599.5
398.5
1019.9
76.7
114.8
145.7
139.1
374.4
24.6
12.4
15.3
278.1

(1) Excludes corporate equities and mutual fund sihares.
L.7 Total Liabilities and Their Relation to Total Financial Assets

1
2
3
4
5
6
7

Total credit mkt. debt
(from preceding table)
Other liabilities:
Official foreign exchange
SDR certificates
Treasury currency
Life insurance reserves
Pension fund reserves
Interbank claims

4257.8

4699.9

5208.0

5696.3

6381.0

7320.3

8462.4

9644.3 10696.8 11703.7 12725.0 13597.1

5.1
1.8
10.5
206.7
792.0
57.7

13.0
2.5
11.1
216.4
949.3
24.7

14.8
3.3
11.5
225.6
1039.0
-25.9

17.6
4.6
11.9
232.8
1261.1
-31.1

17.6
4.6
12.3
240.8
1499.6
-32.8

18.2
4.6
12.9
246.0
1669.8
-19.9

24.8
4.7
13.3
256.7
2032.2
9.0

29.1
5.0
13.8
274.2
2411.1
36.9

24.4
5.0
14.2
300.3
2616.2
72.5

27.1
5.0
14.7
325.5
2860.7
77.1

53.6
8.5
15.3
354.3
3400.9
62.5

61.3
10.0
16.3
380.0
3484.2
95.3

2
3
4
5
6
7

1

8
9
10
11
12
13
14

Deposits at financial insts.
Checkable deposits & curr.
Small time & savings dep.
Large time deposits
Money market fund shares
Security RPs
Foreign deposits

1948.3
455.8
1070.2
257.4
45.2
92.7
26.9

2172.5
477.5
1154.1
316.9
76.4
116.2
31.4

2460.7
505.6
1204.0
378.6
186.2
144.6
41.8

2733.8
543.3
1342.9
395.8
219.8
176.7
55.2

3042.1
582.8
1559.6
384.6
179.4
188.6
147.3

3414.2
629.7
1710.8
471.4
233.6
224.1
144.7

3703.0
713.5
1853.4
488.5
243.8
250.6
153.2

4084.1
837.9
1978.7
492.1
292.1
298.7
184.6

4237.1
341.9
2048.5
541.9
316.1
292.7
196.1

4542.3
886.6
2187.8
595.1
338.0
318.7
218.2

4876.9
391.0
2285.5
613.0
428.1
396.5
262.9

5005.3
936.2
2349.2
546.9
498.4
37 2.3
304.3

8
9
10
11
12
13
14

15
16
17
18
19
20

Mutual fund shares
Security credit
Trade debt
Taxes payable
Inv. in bank personal trusts
Miscellaneous

51.8
48.0
428.1
58.8
215.2
885.0

61.8
61.9
482.0
63.2
244.8
1029.6

59.8
64.0
520.5
56.3
248.1
1190.4

76.9
69.8
526.1
53.7
264.2
1277.0

112.1
83.4
570.5
58.4
293.2
1370.4

136.7
87.9
616.1
62.7
306.1
1482.3

240.2
131.2
664.2
63.5
358.3
1654.3

413.5
141.1
691.7
69.0
404.4
1838.9

460.1
115.3
748.8
74.5
414.2
2114.9

478.3
118.3
837.1
79.8
443.7
2382.3

566.2
133.9
905.3
82.2
515.1
2646.5

602.1
137.4
942.2
77.4
522.1
2820.4

15
16
17
18
19
20

21 Total liabilities above
8966.7 10032.9 11076.3 12194.7 13653.2 15358.4 17618.3 20057.1 21894.5 23895.5 26346.3 27751.1 21
* Financial assets not
included in borrowing
18.4
Gold and SDRs
13.9
22
13.8
16.7
16.4
19.5
15.2
21.4
16.1
21.0
22.0 22
20.7
Corporate equities
23
1175.2 1534.7
1422.6
1611.2 1919.8 1850.9 2360.0 2763.4 2778.9 3098.9
3809.7 3530.2 23
24
HH equity in noncorp. bus.
1892.0 2057.8 2060.4 2109.7 2095.3 2134.4 2199.3 2306.0
1656.1
2423.3 2582.4 2529.1 24
- Floats not incl. in assets
25
Check, dep.:
U.S. govt.
-.5
1.7
2.7
-.1
-.8
-1.8
-2.2
-.8
6.0
6.1
5.9
15.0 25
26
Other
31.2
37.6
36.5
37.3
28.3
33.5
35.7
38.3
28.8
35.9 26
29.6
27.5
27
Trade credit
-82.9
-87.9
-83.0
-78.4
-98.9 -116.9 -119.9 -128.5 -139.4 -146.5 -139.5 -130.3 27
- Liabs. not identified as assets
Treasury currency
28
-2.6
-3.4
-2.8
-3.8
-3.0
-3.2
-3.5
-3.8
-4.1 28
-4.0
-4.1
-6.3
29
Interbank claims
-27.4
-22.9
-11.7
-18.3
-24.5
-8.3
-17.3
-18.1
-28.1
-31.0
-32.0 29
-28.5
30
Security RPs
40.0
24.0
34.0
34.4
31.2
41.3
46.6
48.0
15.6
27.0
3.0 30
-5.5
Taxes payable
31
31.7
25.1
20.9
31.4
34.4
27.2
34.2
25.0
36.8
21.0
21.4
17.8 31
32
Miscellaneous
-54.6
-56.3
-74.8
-80.8 -106.4 -134.2 -160.8 -184.8 -158.2 -245.1
-67.7
-261.2 32
Totals identified to sectors
33
as assets
11862.0 13526.6 14630.7 15934.0 17803.3 19472.1 22319.0 25271.0 27281.6 29724.2 33097.6 34188.3 33

BILLIONS OF DOLLARS, END OF PERIOD




DECEMBER 7, 1994
Total Claims

Total Claims

L.6-L.7 Total Claims

LEVELS,

70
LEVELS, 1991-1994

1991-1994

1991 I
IV
I

1992

1i

II

III

IV

J
1

1
1

1993
I

II

III

IV

1994
II

I

III

L.6 Credit Market Debt Outstanding (1)

1 14232.3 14394.8 14612,4 14328.2 15036.3 15183.0 15437.5 15711.3 16018.1 16238.1 16463.5 16691.0 Tot.. cred. mkt. debt owed by:
2 11181.5 11300.7 11434.6 11569.4 11720.7 11816.1 12008.9 12155.3 12363.1 12485.5 12629.7 12775.0
Domestic nonfinan. sectors
3 2776.4 2859.7
2923.3 2998.9
3080.3 3140.2 3201.2 3247.3 3336.5 3387.7 3395.5 3432.5
U.S. government
4 8405.1 8440.9 8511.2 8570.5 8640.4 8675.9 8807.7 8908.1
9026.6
9097.8 9234.3 9342.5
Private domestic
3806.7
5 3784.7
3851.6 3923.5 4002.3 4012.6
4093.0 4190.9 4292.0 4330.4 4420,7 4518.5
Household sector
135.0
132.6
6
136.5
137.9
133.4
138.7
136.7
136.0
138.3
142.4
144.3
136.7
Farm business
1074.1
7
1116.4 1111.9
1059.4 1052.2 1049,1
1101.1
1086.8
1067.2
1050.4 1055.1
1061.2
Nonfarm noncorp. bus.
8 2458.0
2470.9
2486.1
2533.7 2538.3 2554.1
2486.2 2500.4 2515.1
2585.7 2618.9 2642.9
Nonfin. corporate bus.
911.1
918.9
9
936.2
947.6
935.9
984.9
988.0
993.2
994.4
927.5
997.2
975.7
StateSlocal governments
10
11
12
13
14
15
16
17
18
19
20
21
22
23

298.8
2752.1
407.7
1156.5
65.0
112.3
139.1
94.6
393.0
22.2
13.6
19.0
329.1

287.8
2806.4
410.5
1179.8
63.8
115.0
156.0
89.8

303.0
2874.9
422.6
1219.0
66.2
112.7
164.5
87.6

309.2
2949.6
439.5
1244.0
69.0
114.4
166.2
89.2

310.9
3004.7
447.9
1272.0
73,8
114.6
161.6
87.9

382.2
29.0
14.4
19.7
346.1

377.4
28.2
14.8
23.1
358.8

382.7
31.8
15.3
22.7
374.8

389.4
30.2
13.9
21.7
391.7

X

X

X

X

319.8
3047.0
456.0
1299.8
73.1
119.9
162.2
9 0.3

X
381.3
23.9
14.0
19.3
407.2

332.0
3096.6
473.2
1301.3
76.6
120.2
166.5
93.5
0.2
373.3
32.0
14.4
22.8
422.3

351.3
3204.7
515.1
1330.1
77.9
120.3
166.3
97.0
0.1
380.0
31.8
15.8
26.4
443.8

357.8
3297.3
528.5
1352.6
79.5
123.4
169.9
99.2
0.2
390.5
29.2
17.4
33.7
473.2

340.3
3412.3
563.7
1390.8
78.4
124.2
190.4
97.8
0.3
401.9
22.3
17.7
31.3
493.6

341.2
3492.5
600.3
1420.8
82.1
126.3
191.1
99.3
0.3
414.2
14.0
18.3
31.3
494.6

339.0
3577.1
638.3
1437.6
87.5
129.2
200.3
103.1
0.3
420.9
11.5
18.8
29.4
500.2

Rest of the world
Financial sectors
Govt.-spons. enterprises
Fed. ral. mortgage pools
Commercial banks
Bank holding companies
Funding corporations
Thrift institutions
Life insurance companies
Finance companies
Mortgage companies
REITs
Brokers and dealers
ABS issuers

1
2
3
4
5
6
7
3
9

10
11
12
13
14
15
16
17
18
19
20
21
22
23

24 14232.3 14394.8 14612.4 14828.2 15036.3 15183.0 15437.5 15711.3 16018.1 16238.1 16463.5 16691.0 Tot . cred. mkt. assets held by
25 2240.2 2252.8 2269.4 2249.6 2318.0
2301.4 2296.4 2285.0 2340.9 2429.1
2511.5 2562.9
Private dom. nonfin. sectors
1470.1
26
1446,5
1471.8 1462.2 1523.1
1501.8
1501.4 1488.3
1557.5
1657.1
1747.0
1826.8
Household sector
41.4
44.1
43.7
43.3
42.9
27
43.5
42.2
40.6
38.8
39.7
38.4
37.9
Nonfarm noncorp. business
194.1
28
204.6
225.4
220.1
196.2
208.6
227.3
234.7
248.1
243.7
252.5
249.6
Nonfin. corporate business
553.3
544.9
549.5
535.5
526.5
537.3
526.2
29
521.5
495.6
489.5
473.6
448.6
State S local governments
246.9
30
246.4
239.3
235.0
251.3
216.6
229.4
223.1
218.8
206.3
204.7
202.6
U .S. government

24
25
26
27
28
29
30

1017.4 1036.9
1061.8
958.1
980.6
31
1052.7
1084.0
1118.1
1175.1
1206.8 1219.1
1250.4
32 10787.2 10910.1 11079.2 11302.3 11430.6 11590.3 11834.0 12089.4 12285.5 12395.9 12528.2 12675.1
422.0
463.0
412.9
459.7
390.7
439.3
33
495.5
531.8
549.8
572.0
597.9
631.9
1219.0
1244.0
34
1179.8
1272.0
1299.8 1301.3
1330.1
1156.5
1390.8 1420.8 1437.6
1352.6
282.6
303.6
272.5
271.8
300.4
35
285.2
318.2
324.2
336.7
341.5
351.6
356.3

31
32
33
34
35

36
37
38
39
40
41
42
43
44
45
46

2853.3
2502.5
319.2
11.9
19.7
51.5
1192.6
1199.6
376.6
693.0
479.9

2861.3
2514.0
313.3
13.6
20.4
59.0
1167.3
1221.9
382.5
684.7
489.9

2884.7
2521.9
328.2
13.1
21.5
54.7
1149.6
1242.6
386.5
703.3
498.4

2925.5
2556.7
328.9
17.5
22.5
72.1
1140.6
1262.9
386.4
728.2
510.1

2948.6
2571.9
335.8
17.5
23.4
75.0
1134.5
1278.3
389.4
730.4
514.3

2956.6
2539.4
326.7
16.4
24.2
74.0
1124.8
1313.3
396.3
759.8
514.6

2998.8
2628.5
327.1
18.4
24.8
74.3
1129.8
1343.9
405.3
762.6
526.5

3036.4
2670.2
322.3
18.7
25.3
82.4
1136.2
1372.1
414.6
785.6
533.4

3090.8
2721.5
326.0
17.5
25.8
93.1
1132.5
1383.9
422.7
770.6
542.6

3120.2
2743.3
331.8
18.2
26.4
97.5
1134.0
1404.2
429.6
746.2
553.9

3157.1
2780.3
331.7
18.3
26.8
106.3
1145.7
1409.1
434.8
738.5
566.7

3203.1
2822.4
335.7
17.7
27.3
111.0
1157.9
1417.8
438.8
735.1
577.0

47
48
49
50
51
52
53
54
55

484.9
60.3
450.5
50.3
402.7
7.0
124.0
317.8
223.5

479.4
66.1
478.8
55.7
424.0
6.8
108.3
334.2
225.6

480.5
56.4
510.2
59.6
412.0
7.5
135.2
347.0
227.5

477.8
63.7
550.2
63.4
408.2
7.4
145.4
362.4
229.4

486.6
60.5
574.2
67.7
404.1
8.1
117.1
377.9
231.5

477.9
47.9
611.4
71.9
404.5
8.1
135.9
393.3
233.7

473.7
64.1
659.9
74.5
403.9
8.3
149.0
408.1
236.2

474.0
63.8
703.6
76.0
400.6
8.6
147.1
430.2
238.7

482.8
60.4
738.2
77.9
417.0
8.6
126.3
458.0
240.9

494.5
46.6
720.0
30.1
422.2
8.8
112.3
478.2
243.3

511.3
30.0
722.9
81.0
422.0
9.0
99.2
479.3
244.6

524.2
25.0
718.2
81.3
425.1
9.1
95.6
484.2
245.3

Rest of the world
Financial sectors
Govt.-spons. enterprises
Fed. rel. mortgage pools
Monetary authority

Commercial banking
U.S. commercial banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas
Funding corporations
Thrift institutions
Life insurance cos.
Other insurance cos.
Private pension funds
St.Sloe.govt. rtr. funds

36
37
38
39
40
41
42
43
44
45
46

Finance companies
Mortgage companies
Mutual funds
Closed-end funds
Money mkt. mutual funds
REITs
Brokers and dealers
ABS issuers
Bank personal trusts

47
48
49
50
51
52
53
54
55

(1) Excludes corporate equities and mutual fund shares.
L.7 Total Liabilities and Their Relation to Total Financial Assets

1 14232.3 14394.8 14612.4 14828.2 15036.3 15183.0 15437.5 15711.3 16018.1 16238.1 16463.5 16691.0

Tot3l credit mkt. debt
(from preceding table)
Other liabilities:
Official foreign exchange
SDR certificates
Treasury currency
Life insurance reserves
Pension -und reserves
Interoank claims

1

2
3
4
5
6
7

55.4
10.0
16.3
405.7
4138.3
96.4

52.7
10.0
16.3
413.1
4141.8
79.4

54.4
10.0
16.4
417.0
4207.8
90.3

55.4
10.0
16.4
426.4
4353.1
120.9

51.8
8.0
16.5
433.0
4516.5
132.8

54.5
8.0
16.6
442.6
4652.7
135.7

53.9
8.0
16.7
451.4
4710.4
144.3

55.6
8.0
16.8
463.1
4869.4
165.4

53.4
8.0
17.0
468.2
4945.1
175.2

56.4
8.0
17.1
473.2
4890.7
201.6

54.9
8.0
17.3
475.2
4880.8
223.9

55.5
8.0
17.5
481.2
5016.3
238.9

8
9
10
11
12
13
14

5044.8
1020.6
2350.7
488.4
539.6
355.8
289.6

5037.3
993.1
2347.9
475.3
572.0
368.4
280.6

5038.0
1034.5
2329.4
444.2
556.9
395.4
277.5

5077.8
1073.0
2304.8
438.8
552.9
420.0
288.3

5059.1
1134.4
2293.5
415.2
543.6
392.3
280.1

5055.3
1089.1
2275.7
410.6
556.6
446.2
277.1

5097.1
1168.0
2255.0
401.1
549.8
450.4
272.8

5088.5
1181.9
2236.6
389.4
547.9
472.5
260.2

5141.3
1251.7
2223.2
391.7
559.4
457.8
258.0

5155.8
1220.5
2233.3
382.6
532.4
472.4
264.3

5182.8
1229.3
2214.7
373.9
576.4
510.3
273.2

5201.3
1206.5
2198.3
402.0
586.1
534.0
274.5

Deposits at financial insts.
Checkable deposits 3 curr.
Small time 3 savings dep.
Large time deposits
Money market fund snares
Security RPs
Foreign deposits

15
16
17
18
19
20

813.9
188.9
935.9
71.2
608.3
2992.2

860.4
194.6
931.5
75.7
610.7
2993.1

924.4
193.3
941.7
72.9
601.3
3034.7

965.6
214.5
962. 0
77.0
607.9
3135.6

1042.1
217.3
977.4
79.6
629.6
3160.2

1134.6
225.0
976.9
82.9
639.0
3174.9

1225.8
234.7
989.7
81.2
637.6
3249.9

1342.4
254.5
1009.6
82.8
651.2
3316.5

1429.3
279.3
1026.4
84.2
660.9
3414.6

1439.0
282.7
1022.3
88.8
655.3
3503.2

1443.1
278.1
1039.5
84.4
640.2
3550.8

1563.7
263.2
1062.5
88.1
656.3
3673.6

Mutual fund shares
15
16
Security credit
Trade debt
17
Taxes payable
18
Inv. in bank personal trusts 19
Miscellaneous
20

21 29609.6 29811.5 30214.6 30850.7 31360.1 31781.7 32338.1 33035.0 33721.3 34032.4 34342.6 35018.1 Total liabilities above
♦ Financial assets not
included in borrowing
22.0
21.0
22.7
22.3
20.0
22
19.6
19.8
20.1
20.4
Gold and SDRs
23.2
20.8
20.3
23 4863.6
4925.5 4841.5 5004.2 5462.9 5647.3 5683.7 5941.7 6186.5 6052.2 5877.7
6135.1
Corporate equities
24 2444.4 2471.8 2462.1
2487.3
HH equity in noncorp. bus.
2465.3 2411.5 2419.5 2434.2 2445.3 2427.7 2457.8 2478.9
- Floats not incl. in assets
3.8
0.9
1.4
4.0
0.3
6.8
3.4
0.9
25
3.5
2.2
5.6
1.2
Check, dep.:
U.S. govt.
39.0
42.0
40.4
42.1
36.7
41.6
36.3
38.7
30.6
26
32.8
33.7
40.7
Other
-136.0
27 -129.3 -144.8 -155.3 -149.5 -124.6
-130.9 -135.0 -130.4 -101.7 -121.6 -135.1
Trade credit
- Liabs. not identified as assets
-4.9
-5.0
-4.8
-4.8
-4.9
-4.9
-5.0
-5.1
-5.2
-5.2
-5.3
Treasury currency
28
-5.1
-4.0
-1.8
-5.7
-9.3
-7.4
-5.0
29
-4.2
-5.8
-4.7
-7.7
-3.5
-7.8
Interbank claims
39.4
108.0
38.1
9.2
16.5
52.2
94.9
119.2
133.0
160.3
30
132.6
186.3
Security RPs
9.8
15.2
23.6
17.8
20.7
25.2
24.3
31
14.5
26.2
23.8
24.3
15.2
Taxes payable
-376.2 -380.0
-388.4 -398.4 -432.7
-409.3 -452.6 -451.0 -470.3 -441.1
32 -330.7
-456.3
Miscellaneous
Totals identified to sectors
33 37337.6 37692.4 37986.9 38781.4 39679.1 40293.1 40853.6 41845.5 42726.5 42982.9 43085.3 44020.8
as assets
BILLIONS OF DOLLARS, END OF PERIOD




2
3
4
5
6
7
8
9
10
11
12
13
14

21
22
23
24
25
26
27

28
29
30
31
32
33

DECEMBER 7, 1994
Assets and Liabilities of Individuals

Assets and Liabilities of Individuals

L.8 Assets and Liabilities of Individuals in the U.S.

71

(1)

LEVELS, 1979-1990

LEVELS, 1979-1990
1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

4010.7

4680.4

4953.0

5482.7

6231.2

6751.1

7883.4

8877.2

9483.2 10378.9 11707.6 11998.1

1

2
3
4

Checkable deposits and curr.
Time and savings deposits
Money market fund shares

288.7
1149.0
38.3

302.6
1270.6
62.1

338.9
1340.7
148.1

363.7
1447.1
180.5

385.5
1645.4
149.3

389.5
1870.6
192.6

418.5
1987.8
194.9

513.5
2077.8
230.6

511.1
2163.1
253.3

537.2
2315.7
269.1

535.6
2395.3
346.0

540.9
2433.8
374.5

2
3
4

5
6
7
8
9

Secur ities
U.S. savings bonds
Other U.S. Treasury secur.
U.S. govt, agency secur.
Tax-exempt securities

1063.2
79.9
83.1
22.9
74.3

1331.9
72.5
110.8
30.8
76.4

1263.8
68.2
133.4
31.7
93.2

1370.8
68.3
156.5
15.8
122.1

1627.3
71.5
202.8
10.5
156.7

1663.3
74.5
241.8
33.9
184.3

2145.5
79.8
232.1
43.9
257.2

2432.3
93.3
194.8
31.3
242.5

2602.0
101.1
195.2
70.6
322.5

2949.7
109.6
263.0
133.5
375.3

3427.2
117.7
235.3
182.8
430.8

3500.1
126.2
332.6
198.6
448.5

5
6
7
8
9

45.6
28.0
39.4
690.0

31.1
30.8
45.6
933.9

31.3
19.4
46.6
839.9

24.9
21.3
57.3
904.7

28.1
42.2
37.7
1027.8

31.1
40.6
105.7
951.4

30.6
99.0
192.4
1210.3

60.2
93.3
318.3
1398.6

62.3
114.8
352.5
1383.0

38.4
146.1
370.1
1513.7

60.6
136.8
434.6
1828.5

94.7
131.0
451.9
1716.7

10
11
12
13

197.7
143.5
413.1
244.4
215.2
257.6

207.4
172.0
504.4
282.0
244.8
302.5

216.3
199.8
530.2
318.3
248.1
348.7

223.3
242.9
659.4
368.3
264.2
362.5

231.1
281.7
800.5
427.1
293.2
390.1

236.1
328.3
861.1
490.2
306.1
413.1

246.5
391.7
1093.0
557.7
358.3
439.4

263.7
474.2
1290.8
656.6
404.4
533.3

289.5
536.9
1367.0
723.1
414.2
623.1

314.4
621.9
1421.3
328.2
443.7
677.2

342.8
699.7
1705.6
1007.0
515.1
733.3

368.1
784.1
1629.1
1082.8
522.1
762.5

14
15
16
17
18
19

1923.1
850.6
339.2
350.6
17.5
35.9
329.3

2136.5
954.3
390.1
355.4
24.7
42.6
369.4

2318.5
1028.7
419.3
372.3
23.0
50.0
425.2

2486.1
1070.3
492.0
388.7
25.8
54.2
455.1

2754.1
1187.4
541.9
437.6
34.2
55.2
497.7

3108.2
1322.4
623.8
519.3
31.3
55.6
555.2

3545.4
1491.3
721.9
601.6
50.7
55.5
624.4

3902.7
1693.2
790.7
659.1
57.4
55.4
647.0

4232.5
1921.5
847.4
692.0
41 .8
55.3
674.5

4619.3
2155.6
905.7
742.1
43.5
55.2
717.2

5004.4
2391.8
949.5
796.4
42.5
58.3
765.8

5270.5
2599.7
966.4
812.4
38.8
62.5
790.7

20
21
22
23
24
25
26

1 Total financial assets

10
11
12
13
14
15
16
17
18
19

Corporate 8 foreign bonds
Open market paper
Mutual fund shares
Corporate equities

Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance & pen. res.
Inv. in bank pers. trusts
Miscellaneous finan. assets

20 Total liabilities
Mtg. debt on nonfarm homes
21
Other mortgage debt (2)
22
Consumer credit
23
24
Security credit
Policy loans
25
26
Other liabilities (2)

(1) Consolidated statement for household sector, farm business,
and nonfarm noncorporate business.
(2) Includes corporate farms.

BILLIONS OF DOLLARS, END OF PERIOD.




DECEMBER 7, 1994
Assats and Liabilities of Individuals

Assets and Liabilities of Individuals
L.d Assats and Liabilities of Individuals in the U.S. (1)

LEVELS,

1991
IV

I
I

1992

I

72
LEVELS, 1991-1994

1991-1994
II

III

IV

I
1

1993
I

II

IV

III

I
1

I

1994
II

III

1 13587.6 13729.3 13689.0 13987.5 14571.0 14790.4 14907.7 15281.1 15642.5 15608.0 15539.9 15930.3 Total financial assets

1

2
3
4

603.9
2316.4
383.3

614.4
2306.8
399.5

624.7
2267.9
383.7

667.7
2239,5
357.5

735.0
2204.3
341.4

713.7
2164.0
352.7

744.6
2148.8
344.2

766.3
2124.7
332.7

817.1
2113.2
331.2

798.4
2134.8
346.7

807.4
2125.5
327.2

810.8
2125.6
330.1

Checkable deposits and curr.
Time and savings deposits
Money market fund shares

2
3
4

5
6
7
a
9

4354.3
138.1
276.9
194.3
483.3

4473.4
142.0
317.6
188.9
477.8

4414.7
145.4
304.2
191.1
485.4

4542.8
150.3
300.2
210.0
473.1

4910.7
157.3
314.2
237.3
448.6

5008.8
163.6
306.8
227.3
447.4

5048.3
166.5
313.7
208.8
465.6

5228.6
169.1
313.1
197.6
446.6

5451.9
171.9
342.8
228.6
432.6

5440.4
175.0
392.7
281.7
419.3

5403.9
177.1
413.2
345.8
429.2

5624.8
178.6
465.9
373.8
409.0

Securities
U.S. savings bonds
Other U.S. Treasury secur.
U.S. govt, agency secur.
Tax-exempt securities

5
6
7
8
9

10
11
12
13

105.0
96.1
592.0
2468.6

110.9
79.2
619.8
2537.2

101.7
89.8
669.6
2427.7

92.9
80.1
687.9
2548.1

106.6
103.0
733.9
2810.0

115.6
32.8
791.1
2874.1

117.7
68.8
844.3
2862.9

116.8
82.0
915.8
2987.7

142.3
73.6
965.8
3094.4

158.4
64.1
975.4
2973.9

173.4
37.2
985.6
2842.5

176.1
49.1
1077.9
2894.5

14
15
16
17
18
19

393.8
865.2
2055.9
1229.1
6 08.3
777.4

401.3
860.5
2019.6
1253.6
610.7
769.5

405.3
900.0
2050.9
1268.6
601.3
771.8

414.8
918.0
2114.6
1332.2
607.9
792.7

421.5
940.5
2213.8
1373.8
629.6
800.5

431.2
962.9
2314.3
1386.9
639.0
816.9

440.2
992.8
2343.9
1384.9
637.6
822.4

452.0
1022.2
2428.2
1430.1
651.2
845.2

457.2
1042.5
2449.8
1463.8
660.9
854.9

462.3
1061.5
2365.0
1475.1
655.3
868.4

464.4
1075.0
2333.6
1483.0
640.2
879.6

47 0.4
1092.6
2389.3
1545.6
656.8
884.3

20
21
22
23
24
25
26

5423.6
2763.0
963.8
797.4
55.1
67.2
777.0

5437.7
2806.4
963.5
775.2
51.2
67.8
773.6

5486.0
2839.9
956.0
773.4
56.3
68.9
791.5

5549.9
2898.0
949.2
781.4
55.8
70.3
795.2

5617.2
2942.0
936.2
803.0
53.3
72.9
809.8

5630.3
2961.6
935.5
788.2
59.1
73.7
812. 1

5712.9
3020.3
930.9
800.2
58.7
74.7
828.0

5820.0
3080.4
927.9
824.3
66.6
76.6
844.3

5932.9
3129.2
924.1
866.5
75.9
78.6
853.6

5978.0
3160.2
922.3
863.6
76.5
79.7
375.7

6084.6
3206.7
924.8
895.3
75.7
81.8
900.3

6193.5 Total liabilities
Mtg. debt on nonfarm homes
3257.5
Other mortgage debt (2)
928.1
Consumer credit
932.1
Security credit
72.2
84.1
Policy loans
919.5
Other liabilities (2)

Corporate & foreign bonds
Open market paper
Mutual fund shares
Corporate equities
Private life insurance res.
Private insured pension res.
Private noninsured pen. res.
Govt, insurance 8 pen. res.
Inv. in bank pers. trusts
Miscellaneous finan. assets

(1) Consolidated statement for household sector, farm business,
and nonfarm noncorporate business.
(2) Includes corporate farms.
BILLIONS OF DOLLARS, END OF PERIOD.




10
11
12
13
14
15
16
17
18
19

20
21
22
23
24
25
26

DECEMBER 7, 1994
Household sector

Household sector
L.100 Households and Nonprofit Organizations (1)

73
LEVELS,

LEVELS, 1979-1990

1979-1990

1979

1980

1981

1982

1983

1984

1 Total financial assets

5512.4

6405.7

6797.4

7321.4

8084.8

8542.2

9668.2 10680.2 11379.6 12345.6 13801.7 14022.6

1

2
3
4
5
6

1419.2
253.1
1015.1
112.7
38.3

1572.6
264.1
1091.2
155.2
62.1

1752.2
298.1
1127.1
179.0
148.1

1908.6
319.1
1248.9
160.2
180.5

2075.4
332.4
1436.1
157.7
149.3

2329.5
331.4
1574.2
231.4
192.6

2454,4
348.3
1689.5
221,7
194.9

2656.7
436.1
1783.9
206.1
230.6

2761.7
431.4
1829.1
247.9
253.3

2938.8
449.3
1939.5
280.9
269.1

3080.7
443.3
2002.4
288.9
346.0

3152.4
448.8
2068.7
260.4
374.5

2
3
4
5
6

416.8
183.1
160.1
79,9
80.3
22.9

461.2
211.6
180.7
72.5
108.2
30.8

493.0
230.0
198.3
68.2
130.1
31.7

527.2
237.4
221.6
68.3
153.2
15.8

627.2
278.7
268.3
71.5
196.8
10.5

712.4
344.7
310.3
74.5
236.3
33.9

861.8
350.1
306.2
79.8
226.4
43.9

823.8
312,5
281.2
93.3
187.8
31.3

1031.7
360.3
289.7
101.1
188.6
70.6

1237.5
499.1
365.6
109.6
256.1
133.5

1345.8
527.4
344.6
117.7
226.9
182.8

1499.3 7
648.0 8
449.4 9
126.2 10
323.2 11
198.6 12

74.3
45.6
85.8
28.0

76.4
31.1
111.4
30.8

93.2
31.3
119.0
19.4

122.1
24.9
121.5
21.3

156.7
28.1
121.4
42.2

184.3
31.1
111.7
40.6

257.2
30.6
124.8
99.0

242.5
60.2
115.4
93.3

322.5
62.3
171.7
114.8

375.3
38.4
178,6
146.1

430.8
60.6
190.2
136.8

7
8
9
10
11
12
13
14
15
16

Deposits
Checkable dep. and curr.
Small time £ savings dep.
Large time deposits
Money market fund snares
Credit market instruments
U.S. govt, securities
Treasury
Savings bonds
Other Treasury
Agency

Tax-exempt securities
Corporata and fgn. bonds
Mortgages
Open market paper

1985

1986

1987

1988

1989

1990

448.5
94.7
177.2
131.0

13
14
15
16

17
18

Mutual fund shares
Corporate equities

39.4
690.0

45.6
933.9

46.6
839.9

57.3
904.7

37.7
1027.8

105.7
951.4

192.4
1210.3

318.3
1398.6

352.5
1383.0

370.1
1513.7

434.6
1828.5

451.9 17
1716.7 18

19
20
21

Life insurance reserves
Pension fund reserves
Inv. in bank pers. trusts

206.7
792.0
215.2

216.4
949.3
244.8

225.6
1039.0
248.1

232.8
1261.1
264.2

240.8
1499.6
293.2

246.0
1669.8
306.1

256.7
2032.2
358.3

274.2
2411.1
404.4

300.3
2616.2
414.2

325.5
2860.7
443.7

354.3
3400.9
515.1

380.0 19
3484.2 20
522.1 21

22
23
24

Equity in noncorp. business
Security credit
Miscellaneous assets

1656.1
10.4
66.7

1892.0
16.2
73.5

2057,8
14.7
80.4

2060.4
17.8
87.4

2109.7
20.6
102.9

2095.3
21.6
104.2

2134.4
35.1
132.5

2199.3
44.0
149.8

2306.0
39.1
174.9

2423.3
40.9
191.3

2582.4
53.2
206.2

2529.1 22
62.4 23
224.4 24

1311.8

1442.6

1552.2

1625.1

1801.8

2019.0

2332.9

2602.4

2859,0

3174.1

3496.1

3738.5 25

1270.1
808.6
350.6

1391.1
904.9
355.4

1499.7
973.3
372.3

1563.1
1004.7
388.7

1733.4
1092.8
437.6

1950.9
1220.2
519.3

2242.7
1378.8
601.6

2504.5
1573.7
659.1

2770.7
1795.3
692.0

3073.6
2023,1
742.1

3379.6
2253.1
796.4

3614.3 26
2455.0 27
812.4 28

25 Total liabilities
26
27
28

Credit market instruments
Home mortgages
Consumer credit

29
30
31
32

Tax-exempt debt
Commercial mortgages
Bank loans n.e.c.
Other loans

13.6
29.6
21.7
45.9

16.7
31.5
27.8
54.7

21.1
33.8
33.5
65.8

29.6
36.8
35.1
73.2

41.0
49.9
35.6
76.5

51.2
56.9
23.9
79.4

81.3
62.8
34.0
84.3

79.1
70.9
32.2
89.4

78.2
81.0
31.7
92.4

79.5
104.7
27.8
96.5

81.9
123.7
25.8
98.6

33
34

Security credit
Trade credit
Deferred and unpaid
life insurance premiums

17.5
12.6

24.7
13.8

23.0
14.8

25.8
15.6

34.2
18.0

31.8
21.2

50.7
24.3

57.4
26.6

41.8
31.4

43.5
41.5

42.5
57.6

38.8 33
68.9 34

11.7

12.9

14.7

15.5

16.1

15.1

15.2

13.9

15.1

15.5

16.4

16.5 35

35

(1) Supplementary tables (F.IOO.a and L.IOO.a) at the end of the release
show estimates of annual flows and year-end outstandings of nonprofit
organizations.

BILLIONS OF DOLLARS, END OF PERIOD




35.8
139.1
12.1
109.8

29
30
31
32

DECEMBER 7, 1994
Household sector

Household sector

74

L.100 Households and Nonprofit Organizations (1)

LEVELS, 1991-1994

LEVELS, 1991-1994

1991 1
IV
I

1992

I

II

III

IV

1
1

1993

I

II

III

IV

1
1

I

1994
II

III

1 15534.1 15699.0 15643.4 15941.0 16464.5 16691.8 16823.4 17204.9 17546.4 17539.0 17489.3 17885.4 Total financial assets

1

2
3
4
5
6

3109.2
510.8
2021.3
193.8
383.3

3124.6
519.4
2018.6
187.1
399.5

3078.6
528.0
1997.5
169.3
383.7

3065.1
569.1
1973.2
165.3
357.5

3079.9
634.6
1956.7
147.2
341.4

3030.1
612.6
1930.9
134.0
352.7

3037.0
642.5
1913.4
136.9
344.2

3022.8
663.3
1893.5
133.3
332.7

3060.1
713.1
1887.9
127.9
331.2

3077.5
693.1
1911.7
126.0
346.7

3056.5
700.8
1905,6
122.8
327.2

3061.4
702.8
1890.7
137.8
330.1

Deposits
Checkable dep. and curr.
Small time 8 savings dep.
Large time deposits
Money market fund shares

7

8
9
10
11
12

1446.5
600.1
405.8
138.1
267.7
194.3

1470.1
639.1
450.3
142.0
308.2
188.9

1471.8
631.1
440.0
145.4
294.6
191.1

1462.2
650.9
440.9
150.3
290.5
210.0

1523.1
698.8
461.5
157.3
304.3
237.3

1501.8
687.5
460.2
163.6
296.6
227.3

1501.4
678.5
469.6
166.5
303.1
208.8

1488.3
668.8
471.2
169.1
302.1
197.6

1557.5
732.0
503.4
171.9
331.5
228.6

1657.1
837.7
556.1
175.0
381.1
281.7

1747.0
924.0
578.3
177.1
401.1
345.8

1826.8
1005.9
632.1
178.6
453.5
373.8

Credit market Instruments
U.S. govt, securities
Treasury
Savings bonds
Other Treasury
Agency

13
14
15
16

483.3
105.0
162.1
96.1

477.8
110.9
163.1
79.2

485.4
101.7
163.9
89.8

473.1
92.9
165.2
80.1

448.6
106.6
166.2
103.0

447.4
115.6
168.4
82.8

465.6
117.7
170.9
68.3

446.6
116.8
174.1
82.0

432.6
142.3
177.1
73.6

419.3
158.4
177.7
64.1

429.2
173.4
133.2
37.2

409.0
176.1
136.7
49.1

17
18

592.0
2468.6

619.3
2537.2

669.6
2427.7

687.9
2548.1

733.9
2810.0

791.1
2874.1

844.3
2862.9

915.8
2987.7

965.8
3094.4

975.4
2973.9

985.6
2842.5

1077.9
2894.5

Mutual fund shares
Corporate equities

17
18

19
20
21

405.7
4138.3
6 08.3

413.1
4141.8
610.7

417.0
4207.3
601.3

426.4
4353.1
607.9

433.0
4516.5
629.6

442.6
4652.7
639.0

451.4
4710.4
637.6

463.1
4869.4
651.2

468.2
4945.1
660.9

473.2
4890.7
655.3

475.2
4880.3
640.2

481.2
5016.8
656.8

Life insurance reserves
Pension fund reserves
Inv. in bank pers. trusts

19
20
21

22
23
24

2444.4
37.0
234.1

2471.8
71.8
238.0

2462.1
65.1
242.5

2465.3
78.0
247.0

2411.5
76.1
251.0

2419.5
86.3
254.5

2434.2
86.7
257.6

2445.3
99.5
261.9

2427.7
102.7
264.1

2457.3
110.3
267.3

2478.9
111.8
270.8

2487.3
107.0
275.9

Equity in noncorp. business
Security credit
Miscellaneous assets

22
23
24

25

3919.7

3938.7

3990.7

4064.4

4142.9

4161.0

4243.3

4351.4

4464.1

4505.5

4597.4

4694.2 Total liabilities

25

26
27
28

3784.7
2613.7
797.4

3806.7
2655.9
775.2

3851.6
2638.3
773.4

3923.5
2745.3
781.4

4002.3
2788.1
803.0

4012.6
2806.4
738.2

4093.0
2863.8
300.2

4190.9
2922.7
824.3

4292.0
2970.1
866.5

4330.4
2999.8
363.6

4420.7
3045.0
395.3

4518.5
3094.4
932.1

Credit market instruments
Home mortgages
Consumer credit

26
27
28

29
30
31
32

93.5
151.5
8.7
119.9

96.1
157.1
1.1
121.2

100.8
157.4
8.3
123.4

103.9
163.1
4.2
125.6

108.1
163.9
11.4
127.9

109.9
169.2
9.7
129.1

114.2
174.9
9.6
130.2

118.4
177.5
16.1
132.0

120.0
181.4
19.8
134.1

124.1
184.5
22.9
135.5

128.3
185.7
29.0
137.4

130.3
187.7
33.3
140.2

Tax-exempt debt
Commercial mortgages
3ank loans n.e.c.
Other loans

29
30
31
32

33
34

55.1
64.3

51.2
65.1

56.3
67.1

55.3
69.4

53.3
71.5

59.1
73.4

58.7
7S.4

66.6
77.5

75.9
79.6

76.5
81.7

75.7
33.9

72.2
86.2

33
34

35

15.7

15.7

15.7

15.7

15.8

15.9

16.1

16.4

16.6

16.9

17.1

17.3

Security credit
Trade credit
Deferred and unpaid
life insurance premiums

Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper

(1) Supplementary tables (F.100.a and L.100.a]i at the end of the release
show estimates of annual flows and year-end outstandings of nonprofit
organizations.
BILLIONS OF DOLLARS, END OF PERIOD.




2
3
4
5
6

7
8
9
IQ
11
12
13
14
15
16

35

ve.ue.mBcx /, !'#'?<♦
Nonfinancial Business

Nonfinancial Business
L.101-L.103 Nonfinancial Business

75
LEVELS, 1979-1990

LEVELS,
1979

1980

1981

1982

1983

1984

1985

1986

1979-1990

1987

1988

1989

1990

2980.8
285.1
203.9
26.3
64.3
277.3

L.101 All Nonfinancial Business

1 Total financial assets
2
Checkable dep. and currency
3
Time deposits
4
Money mkt. fund shares
5
Security RPs
6
Foreign deposits
7
8
9
10

Credit market instruments
Mutual fund shares
Trade credit
Miscellaneous assets

11 Total liabilities

1215.9
85.9
54.6
3.0
18.8
21.8

1339.9
95.5
62.1
7.0
28.4
24.6

1501.7
88.2
82.5
18.4
33.4
23.0

1566.0
99.8
97.1
19.0
42.1
31.5

1782.4
129.1
122.4
li.2
48.4
125.4

1913.6
163.3
139.4
16.1
48.8
123.4

2066.6
201.9
156.9
14.5
55.8
134.1

2286.0
231.0
175.3
18.1
65.3
162.4

2473.2
252.1
177.6
18.9
66.1
174.4

2703.7
258.8
200.9
15.6
74.3
188.5

2849.5
277.0
207.3
16.2
70.3
236.6

86.5
1.1
460.9
483.3

85.9
1.5
510.6
524.3

104.5
1.6
539.2
610.9

129.8
3.1
531.7
611.9

154.8
4.5
590.0
596.7

174.7
7.2
644.0
596.6

184.0
10.8
687.8
620.8

208.2
15.7
719.5
690.5

221.1
12.8
773.5
776.6

229.8
10.6
857.5
867.6

242.8
9.5
908.9
881.0

237.4 7
8.2 8
929.1
9
949.3 10

1886.2

2109.5

2354.1

2532.8

2776.3

3173.0

3525.1

3906.7

4283.3

4690.8

5045.4

5237.4 11

1351.3
35.0
337.9
478. 1
308.1
24.5
168.1

1487.3
45.9
365.6
521.5
337.2
28.0
189.2

1658.1
59.3
390.3
557.3
380.1
42.7
228.4

1800.8
74.5
421.0
597.3
430.6
37.6
239.9

1980.8
83.9
447.0
683.8
455.3
36.8
274.1

2293.5
104.4
495.1
774.7
523.4
58.5
337.4

2575.8
127.0
578.2
868.1
558.1
72.2
372.1

2889.0
117.1
705.4
968.1
615.4
62.9
420.2

3148.1
116.2
784.1
1084.0
628.0
73.8
462.1

3399.5
116.4
887.2
1119.1
670.1
85.7
521.1

3637.0
115.5
961.1
1168.4
707.9
107.1
577.1

3751.7
115.2
1008.2
1164.4
714.7
116.9
632.3

I
2
3
4
5
6

12
13
14
15
16
17
13

Credit market instruments
Tax-exempt debt
Corporate bonds
Mortgages
Bank loans n.e.c.
Commercial paper
Other loans

19

Trade debt

357.8

401.6

436.3

445.7

482.6

521.1

558.0

572.9

619.1

683.3

721.3

753.2 19

20
21

Taxes payable
Miscellaneous liabilities

53.8
122.9

59.2
161.4

53.6
206.0

50.8
235.4

55.7
257.2

60.3
298.1

60.6
330.7

66.1
378.7

71.7
444.3

76.4
531.6

77.9
609.2

73.5 20
659.0 21

12
13
14
15
16
17
18

L.:102 Farm Business (1)

22.2
7.3
14.9
12.4
2.5

24.2
7.4
16.8
13.7
3.1

26.1
7.6
18.5
14.8
3.7

28.0
7.8
20.2
16.1
4.1

29.4
8.1
21.3
17.1
4.2

29.7
8.3
21.4
17.1
4.3

33.3
9.0
24.3
20.4
4.0

37.6
10.1
27.6
24.2
3.4

39.5
9.9
29.6
26.7
3.0

42.8
10.4
32.4
29.4
3.0

45.0
10.5
34.5
32.4
2.2

162.0
145.7
36.8
31.0
27.9

178.8
161.5
97.5
31.6
32.4

196.2
177.8
107.2
32.9
37.6

203.6
184.5
111.3
36.1
37.0

207.0
188.4
113.7
38.9
35.7

205.6
187.9
112.4
39.9
35.6

188.5
173.4
105.9
35.5
32.1

168.1
156.0
95.2
31.2
29.6

155.3
144.4
87.7
29.1
27.6

145.5
133.7
83.0
29.8
21.0

146.6
134.4
80.5
30.8
23.1

148.2 6
135.4 7
78.9 8
32.9 9
23.6 10

16.3

17.4

18.4

19.1

18.6

17.6

15.1

12.1

10.9

11.8

12.3

12.7 11

1 Total financial assets
Checkable dep. and currency
2
Miscellaneous assets
3
Insurance receivables
4
Equity in GSEs (2)
5

6 Total liabilities
Credit market instruments
7
Mortgages
3
Bank loans n.e.c.
9
Other loans
10
11

(13

Trade debt

47.4
10.9
36.6
34.6
2.0

1
2
3
4
5

Includes corporate and noncorporate farms.

L.103 Nonfarm Noncorporate Business

1 Total financial assets
Checkable dep. and currency
2
Time deposits
3
4
Treasury securities
Consumer credit
5
6
Mortgages
Trade credit
7

130.6
28.3
21.3
2.8
0.9
11.0
30.2

139.5
31.1
24.2
2.6
0.2
12.2
32.5

183.9
33.3
34.7
3.3

Miscellaneous assets
Insurance receivables
Equity in GSEs (2)
Other

36.1
21.8
0.6
13.7

8
9
10
11

12 Total liabilities

20.3
37.0

189.3
36.8
38.1
3.2
25.0
45.0

222.6
45.0
51.7
6.0
29.3
52.4

270.5
49.3
65.1
5.5
39.3
59.3

310.4
61.3
76.6
5.8
44.0
63.8

349.5
67.3
87.8
6,9
46.7
70.5

363.6
69.8
86.0
6.5
41.1
79.2

404.2
77.5
95.3
7.0
43.3
91.2

431.7
81.8
103.9
8.4
41.1
99.0

36.3
24.3
0.8
11.7

55.3
26.3
0.8
28.1

41 .8
28.4
0.9
12.5

38.1
23.3
0.8
13.5

51.6
34.8
0.9
15.9

59.0
39.5
0.8
18.5

70.3
45.0
0.8
24.5

31.0
51.7
0.7
28.5

89.8
56.6
0.7
32.5

97.5
60.4
0.8
36.3

449.3

515.1

570.1

657.4

745.4

383.6

1024.0

1132.2

1218.3

1299.7

1361.7

1383.9 12

385.5
264.8
72.8
47.8

440.2
310.5
75.3
54.5

481.7
333.8
85.5
62.5

552.8
409.6
76.0
67.3

625.0
472.9
75.5
76.5

736.6
556.7
92.4
87.5

859.9
665.8
98.5
95.5

958.9
744.1
110.5
104.4

1033.9
804.8
116.6
112.5

1096.8
850.6
121.0
125.2

1136.9
883.9
123.5
129.4

1147.0
893.1
126.5
127.4

K

444,7
81.3
104.7
9.4
38.4
104.0

1
2
3
4
5
6
7

107.0 8
66.4 9
0.6 10
40.0 11

13
14
15
16

Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans

17
18

Taxes oayable
Trade debt

12.8
31.7

15.3
36.4

13.7
41.6

15.2
45.3

17.1
45.8

18.2
51.5

21.6
56.9

23.3
61.1

23.9
68.6

26.3
72.8

31.4
79.8

32.0 17
81.9 18

19

Miscellaneous liabilities

19.3

23.1

33.1

44.0

57.5

77.4

85.7

88.9

91.9

103.3

113.6

123.0 19

(2) Equity in the Farm Credit System.
BILLIONS OF DOLLARS, END OF PERIOD.




13
14
15
16

Nonfinancial Business

Nonfinancial Business

L.101-L.103 Nonfinancial Business

76
LEVELS, 19,1-199 <1

LEVELS, 1991-1994

1991
IV

1992

I
1

I

II

III

IV

I
1

1993

I

II

IV

III

I
1

1994
II

I

III

L.101 All Nonfinancial Business

1
2
3
4
5
6

3031.9
294.4
205.6
31.5
62.8
268.0

3060.1
293.1
202.1
35.6
62.1
260.3

3107.0
294.3
200.3
40.4
60.2
260.8

3154.3
286.7
196.8
44.8
57.0
266.8

3161.4
291.2
197.3
47.3
56.4
259.6

3142.6
285.7
196.0
48.0
53.5
258.3

3173.7
268.2
195.1
46.7
51.1
253.7

3210.9
292.3
195.8
45.1
48.4
247.3

3233.0
297.4
198.4
44.8
47.2
247.9

3270.1
292.9
197.3
45.5
46.8
252.7

3311.9
291.6
199.2
46.9
46.6
264.2

3350.9 Total financial assets
Checkable dep. and currency
292.8
198.3
Time deposits
47.2
Money mkt. fund shares
46.4
Security RPs
Foreign deposits
266.2

7
8
9
10

240.3
10.9
923.5
994.8

237.8
13.1
933.2
1022.8

248.1
13.9
954.9
1034.2

251.9
14.8
971.1
1064.4

268.4
15.6
962.0
1063,5

262.3
17.0
967.0
1054.6

268.7
19.3
985.1
1065.9

275.2
20.8
996.4
1089.7

287.8
22.4
984.5
1102.7

282.5
22.3
1000.3
1129.7

290.9
21.6
1031.7
1119.0

287.5
21.6
1053.4
1137.2

11

5227.6

5242.4

5268.7

5279.4

5299.5

5300.3

5324.1

5346.5

5376.1

5417.6

5477.3

5542.0 Total liabilities

11

12
13
14
15
16
17
18

3709.3
114.0
1086.9
1154.8
677.2
98.5
577.9

3715.4
113.2
1106.1
1141.1
669.5
110.4
575.2

3723.7
112.8
1125.5
1132.0
662.7
112.0
578.6

3710.9
112.6
1140.9
1110,9
658.9
108.2
579.3

3710.5
114.0
1154.4
1091.9
660.8
107.1
582.3

3715.7
112.9
1175.9
1085.9
651.2
113.9
576.1

3729.8
112.7
1194.8
1071.2
656.7
124.0
570.4

3729.1
113.1
1212.8
1066.4
649.6
123.2
564.1

3741.5
113.9
1229.6
1055.0
657.4
117.8
567.7

3772.9
112.8
1238.4
1046.1
665.9
129.9
579.7

3816.4
112.8
1248.1
1050.8
683.7
135.7
585.3

3848.4
111.9
1254.3
1055.3
699.4
138.7
588.8

12
13
14
15
16
17
18

19

761.7

758.8

768.4

781.7

794. 1

791.6

800.2

816.7

828.5

822.4

839.5

859.1

Trade debt

19

20
21

65.3
690.3

69.9
698.3

67.2
709.4

71.2
715.6

73.7
721.2

76.4
716.5

74.3
719.9

75.2
725.5

76.4
729.8

80.6
741.7

76.7
744.8

80.4
754.2

Taxes payable
Miscellaneous liabilities

20
21

Credit market instruments
Mutual fund shares
Trade credit
Miscellaneous assets

Credit market instruments
Tax-exempt debt
Corporate bonds
Mortgages
Bank loans n.e.c.
Commercial paper
Other loans

1
2
3
4
5
6

7
8
9
10

L,. 102 Farm Business (1)

1
2
3
4
5

49.6
11.8
37.8
35.6
2.2

50.5
12.3
38.2
36.1
2.1

51.4
12.7
38.7
36.7
2.0

52.5
13.2
39.3
37.2
2.1

53.4
13.6
39.3
37.7
2.1

54.3
14.1
40.2
38.1
2.2

55.1
14.5
40.6
38.4
2.2

55.8
14.9
40.9
38.7
2.2

56.6
15.3
41.3
39.1
2.2

57.5
15.7
41.8
39.5
2.3

58.4
16.1
42.2
40.0
2.3

6
7
8
9
10

147.9
135.0
79.3
34.6
21.1

145.6
132.6
79.2
33.0
20.5

149.5
136.5
79.3
35.6
21.1

151.0
137.9
80.5
36.2
21.1

149.2
136.0
80.4
34.7
20.9

146.9
133.4
80.8
32.8
19.8

150.4
136.7
81.0
35.4
20.3

152.7
138.7
31.1
37.1
20.5

152.5
138.3
81.2
36.8
20.3

151.2
136.7
81.4
35.5
19.8

157.1
142.4
82.9
39.2
20.3

11

13. 0

13.0

13.1

13.1

13.2

13.5

13.7

14.0

14.2

14.5

14.7

59.3 Total financial assets
Checkable dep. and currency
16.5
42.8
Miscellaneous assets
insurance receivables
40.5
Equity in GSEs (2)
2.3
159.3 Total liabilities
144.3
Credit market instruments
83.8
Mortgages
40.6
Bank loans n.e.c.
19.9
Other loans
14.9

Trade debt

1
2
3
4
5

6
7
8
9
10
11

Cl) Includes corporate and noncorporate farms.

L.103 Nonfarm Noncorporate Business

1
2
3
4
5
6
7

439.9
81.4
101.3
9.3
34.8
101.1

443.4
82.7
101.2
9.4
34.4
102.6

447.3
84.0
101.1
9.5
34.3
104.3

451.1
35.4
101.0
9.7
33.6
106.1

454.2
86.8
100.4
9.9
33.1
108.1

455.0
87.1
99.2
10.2
32.0
110.1

456.5
87.6
98.5
10.6
30.8
112.3

458.2
38.1
97.9
11.0
29.6
114.6

460.5
88.3
97^4
11.3
28.4
117.0

463.0
39.5
97.2
11.7
27.1
119.4

466.2
90.4
97.0
12.0
26.3
121.8

469.6 Total financial assets
Checkable dep. and currency
91.4
97.1
Time deposits
12.4
Treasury securities
Consumer credit
Mortgages
25.5
124.2
Trade credit

8
9
10
11

112.2
68.6
0.6
43.0

113.2
69.4
0.6
43.2

114.4
70.5
0.6
43.3

115.4
71.6
0.6
43.2

116.0
72.S
0.6
42.9

116.5
73.2
0.7
42.6

116.3
73.9
0.7
42.3

117.1
74.4
0.7
41.9

117.6
75.2
0.8
41.6

118.0
76.0
0.8
41.2

118.6
76.9
0.9
40.8

118.9
77.6
0.9
40.4

12

1355.9

1353.4

1345.8

1334.6

1325.2

1322.4

1319.1

1315.9

1316.3

1321.3

1330.1

1340.0 Total liabilities

13
14
15
16

1116.4
382.4
112.2
121.8

1111.9
877.7
111.1
123.0

1101.1
870.3
138.5
122.3

1086.8
858.3
107.9
120.7

1074.1
845.9
107.6
120.6

1067.2
840.3
105.7
120.8

1059.4
831.5
107.3
120.7

1052.2
827.0
104.6
120.6

1049.1
820.6
105.4
123. 1

1050.4
816.8
107.5
126.2

1055.1
817.9
109.9
127.3

1061.2
819.7
113.0
128.5

17
18

32.5
77.9

32.6
77.6

32.8
78.4

33.0
79.2

33.1
80.0

33.3
81.8

33.5
84.3

33.6
85.8

33.3
87.3

34.0
88.3

34.2
90.0

34.4
91.2

19

129.2

131.3

133.5

135.6

138.0

140.1

141.9

144.3

146.1

148.6

150.8

153.3

Miscellaneous assets
Insurance receivables
Equity in GSEs 12)
Other




8
9
10
11

12

Credit market instruments
Mortgages
Bank loans n.e.c.
Other loans

13
14
15
16

Taxes payable
Trade debt

17
18

Miscellaneous liabilities

19

(2) Equity in the Farm Credit System

BILLIONS OF DOLLARS, END OF PERIOD.

1
2
3
4
5
6
7

DECEMBER 7, 1994
Nonfinancial Corporations

Nonfinancial Corporations

L.104 Nonfarm Nonfinancial Corporate Business

77
LEVELS, 1979-1990

1 Total financial assets
2
3
4
5
6
7
8

9
10
11
12
13

LEVELS, 1979-1990
1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1063.1

1176.2

1291.6

1348.1

1530.4

1613.3

1722.9

1898.9

2070.1

2256.7

2372.9

2488.7

I

170.8
50.3
8.3
25.1
3.0
18.8
21.8

196.5
57.1
9.4
28.5
7.0
28.4
24.6

220.4
47.4
11.9
35.9
18.4
33.4
23.0

277.7
55.3
14.7
44.4
19.0
42.1
31.5

415.7
76.0
17.5
53.1
11.2
48.4
125.4

459.4
105.1
18.5
55.9
16.1
48.8
123.4

508.1
131.6
19.9
60.4
14.5
55.8
134.1

594.5
153.6
21.2
66.3
18.1
65.3
162.4

643.0
172.4
21.9
69.7
18.9
66.1
174.4

673.6
170.9
24.4
81.2
15.6
74.3
188.5

740.5
184.8
23.9
79.4
16.2
70.3
236.6

782.5
192.9
23,0
76,2
26.3
64.3
277.3

2
3
4
5
6
7
8

13.1
11.9
1.3
3.7
26.7

18.7
17.0
1.7
3.5
19.4

20.2
18.5
1.8
3.5
26.8

30.5
28.7
1.8
3.5
36.7

38.5
36.7
1.8
4.2
41.4

42.7
41.0
1.7
4.1
44.8

41.5
39.9
1.6
4.9
45.3

58.7
57.2
1.5
8.0
40.9

62.3
60.9
1.3
10.5
46.6

59.6
58.3
1.3
12.0
47.0

65.6
63.9
1.7
11.4
52.4

58.5
56.0
2.5
10.1
53.9

9
10
11
12
13

Liquid assets
Checkable dep. 8 currency
Small time 8 savings dep.
Large time deposits
Money mkt. fund shares
Security RPs
Foreign deposits

U.S. government securities
Treasury
Agency
Tax-exempt securities
Commercial paper

14
15
16

Consumer credit
Mutual fund shares
Trade credit

28.3
1.1
430.7

29.4
1.5
478.1

30.3
1.6
502.2

30.8
3.1
486.6

35.4
4.5
537.6

38.4
7,2
584.7

42.5
10.8
624.0

47.0
15.7
649.1

54.0
12.8
694.3

60.9
10.6
766.3

63.8
9,5
809.9

67.1 14
8.2 15
825.1 16

17
18
19
20
21
22

Miscellaneous assets
U.S. dir. invest, abr. Cl)
Insurance receivables
Equity in GSEs (2)
Inv. in finance co. subs.
Other

432.2
331.2
38.9
0.6
6.4
55.0

470.7
334,3
43.6
0.6
7.5
34.7

537.0
402.9
47.3
0.6
8.6
77.6

549.9
393.3
50.0
0.7
9.7
95.6

537.3
362.0
53.5
0.7
10.8
90.2

523.6
373.9
58.6
0.7
11.9
78.4

537.5
394.0
62.8
0.8
16.7
63.2

592.6
419.6
81.6
0.9
18.7
71.8

666.0
479.1
92.4
1.3
12.5
80.8

745.3
486.9
102.5
1.3
9.2
145.4

749.1
504.4
117.2
1.3
8.8
117.4

805.8
559.0
119.6
1.3
15.0
110.9

17
18
19
20
21
22

1274.9
820.6
35.0
337.9
126.5

1415.6
885.6
45.9
365.6
113.5

1587.8
998.6
59.3
390.3
116.3

1671.7
1063.5
74.5
421.0
76.4

1824.0
1167.4
83.9
447.0
97.1

2083.8
1368.9
104.4
495.1
105.5

2312.6
1542.5
127.0
578.2
96.5

2606.3
1774.1
117.1
705.4
123.3

2909.7
1969.9
116.2
784.1
191.4

3245.6
2169.0
116.4
387.2
135.5

3537.1
2365.7
115.5
961.1
203.9

3705.4
2469.2
115,2
1008.2
192.4

23
24
25
26
27

204.3
24.5
92.4
1.1
67.6
6.9
13.8
2.9
-

230.3
28.0
102.3
1.4
70.9
3.4
17.1
4,5
-

261.7
42.7
128.3
2.0
79.6
9.6
21.4
15.7

318.5
37.6
135.5
2.3
80.3
10.9
20.7
20.9
-

340.9
36.8
161.8
5.3
90.7
10.4
27.6
27.2

391.1
58.5
214.3
10.3
110.2
11.6
30.4
51.7
-

424.1
72.2
244.5
14.7
127.0
14.2
28.3
60.3
-

473.7
62.9
286.2
19.9
141.7
14.3
28.1
31.7
-

482.4
73.8
322.0
20.4
171.0
11.5
32.6
86.5
-

519.3
85.7
374.3
24.6
196.3
9.9
32.6
111.5
-

553.5
107.1
424.5
23.5
216.2
9.6
35.8
137.9
1.6

555.4
116.9
481.3
17.2
234,8
8.8
29.2
186.7
4,6

28
29
30
31
32
33
34
35
36

41.0
309.8
103.6
79.4
24.2

43.9
347.7
138.4
110,2
28.1

39.9
376.4
173.0
140.2
32.7

35.6
381.3
191.3
153.3
38.0

38.6
418.3
199.7
153.3
41.3

42.2
452.0
220.7
179.2
41.5

39.0
636.0
245.0
195.0
50.1

42.8
499.7
289.8
235.2
54.6

47.9
539.6
352.4
295.6
56.8

49.6
598.7
428.3
366.9
61.4

46.5
629.3
495.7
423.3
72.4

41.5
653.6
536.1
463.3
67,7

37
38
39
40
41

121.0
929.1

130.3
1255.8

125.8
1133.6

105.4
1274.3

119.3
1536.7

132.7
1443.4

138.0
1797.2

149.3
2136.0

154,7
2243.1

167.5
2510.3

180.6
3173.3

166.5 42
3010.6 43

499.4
321.2
671.9

525.0
36 0.7
752.3

565.9
432.7
843.9

571.9
491.6
908.5

628.0
539.4
996.4

705.0
663.9
1158.1

301.8
740.8
1265.3

951.3
822.3
1365.3

1091.8
873.1
1465.5

1139.2
979.8
1628.1

1280.5
1085.2
1760.9

1315.7 44
1153.5 45
1853.6 46

60.8%
39.1%
25.4%

59.2%
40.7%
26.1%

56.6%
43.3%
25.9%

53.7%
46.2%
30.5%

53.7%
46.2%
41.7%

51.4%
48.5%
39.6%

51.9%
43.0%
40.1%

53.6%
46.3%
43.5%

55.4%
44.5%
43.8%

54.3%
45.1%
41.3%

54,1%
45.8%
42.0%

53.2% 47
46.7% 48
42.2% 49

23 Total liabilities
24
Credit market instruments
Tax-exempt debt (3)
25
26
Corporate bonds (1)
27
Mortgages
28
29
30
31
32
33
34
35
36
37
38
39
40
41

Bank loans n.e.c.
Commercial paper
Other loans
Savings institutions
Finance companies
U.S. government
Acceptance liab.to banks
Rest of the world
ABS issuers

Taxes payable
Trade deot
Miscellaneous liabilities
Fgn. direct invest, in US
Pen. fund contr. payable

Memo:
42 Trade credit net of trade debt
43 Market value of equities

Debt subtotals:
44 Securities and mortgages
45 Loans and short-term paper
46 Total s-t liabilities (4)

Percent ratios:

47 L-t debt/credit market debt
48 S-t debt/credit market debt
49 Liquid assets/s-t liabil.

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands
Antillean financial subsidiaries, and U.S. direct investment abroad
excludes net inflows from those bond issues.

(2) Equity in the Federal National Mortgage Association.
(3)

Industrial revenue bonds.
Issued by state and local governments
to finance private investment and secured in interest and
principal by the industrial user of the funds.

(43 Loans (except mortgages), short-term paper, taxes payable,
and trade debt.
Includes loans due in more than one year
and excludes current maturities of securities and mortgages.
BILLIONS OF DOLLARS, END OF PERIOD.




DECEMBER 7, 199 4
Nonfinancial Corporations

Nonfinancial Corporations
L.104 Nonfarm Nonfinancial Corporate Business

LEVELS,

78
LEVELS,

1991-1994

1991
IV

I
1

1992
I

11

III

IV

I
!

1993
I

II

III

IV

I
|

I

1994
II

1991-1994

III

2822.0 Total financial assets

1

1

2542.4

2566.3

2608.3

2650.7

2653.8

2633.3

2662.1

2696.9

2716.0

2749.6

2787.3

2
3
4
5
6
7
8

801.2
201.2
24.4
80.0
31.5
62.8
268.0

795.3
198.2
23.9
77.1
35.6
62.1
260.3

806.0
197.6
23.5
75.7
40.4
60.2
260.8

803.6
188.1
23.7
72.1
44.8
57.0
266.8

811.1
190.8
23.6
73.3
47.3
56.4
259.6

797.6
184.6
23.7
73.2
48.0
53.5
258.3

795.6
186.1
24.0
72.6
46.7
51.1
253.7

793.8
189.3
25.4
72.5
45.1
48.4
247.3

801.9
193.3
24.7
76.4
44.8
47.2
247.9

801.8
187.6
25.2
74.9
45.5
46.8
2S2.7

820.6
185.1
25.9
76.3
46.9
46.6
264.2

817.4
184.9
25.5
75.8
47.2
46.4
266.2

9
10
11
12
13

68.5
64.5
4.1
11.7
53.0

74.0
69.4
4.6
10.3
53.9

82.0
76.9
5.1
11.8
54.1

87.0
81.4
5.6
11.2
52.9

93.2
87.1
6.1
12.3
54.6

91.2
34.4
6.8
11.8
53.3

92.8
35.4
7.5
12.8
55.8

97.1
89.0
8.2
14.3
54.3

95.2
86.4
3.9
14.4
58.0

102.7
92.7
10.0
13.4
52.9

108.1
96.8
11.3
13.0
54.4

107.8
96.5
11.3
12.0
51.7

14
15
16

63.0
10.9
822.4

55.9
13.1
830.6

56.7
13.9
350.6

57.6
14.8
865.0

65.4
15.6
854.0

63.8
17.0
856.9

65.9
19.3
872.8

68.9
20.8
381.8

80.4
22.4
867.4

74.8
22.3
880.9

77.0
21.6
909.9

78.2
21.6
929.2

Consumer credit
Mutual *und shares
Trade credit

14
15
16

17
18
19
20
21
22

844.9
534.3
123.4
1.8
17.2
118.1

371.4
596.0
124.9
1.9
17.2
131.4

381.1
605.4
126.9
1 .9
17.4
129.5

9 09.7
613.9
128.3
1.9
17.5
147.6

907.7
590.6
130.5
1.9
18.9
165.8

897.9
595-6
131.8
1.9
21.5
147.0

908.4
608.4
132.9
1.9
22.5
142.7

931.6
618.9
134.0
1.9
22.3
154.6

943.9
611.6
135.3
1.9
21.4
173.7

969.9
631.1
136.7
2.0
20.5
179.6

958.2
643.7
133.3
2.0
22.3
151.9

975-5
656.3
139.6
2.0
25.0
152.3

Miscellaneous assets
U.S. dir. invest, abr. (1)
Insurance receivables
Equity in GSEs (2)
Inv. in finance co. subs.
Other

17
18
19
20
21
22

23
24
25
26
27

3723.7
2453.0
114.0
1086.9
193.1

3743.4
2470.9
113.2
1106.1
184.2

3773.4
2486.1
112.8
1125.5
181.9

3793.8
2486.2
112.6
1140.9
172.1

3825.2
2500.4
114.0
1154.4
165.6

3831.0
2515.1
112.9
1175.9
164.3

3354.6
2533.7
112.7
1194.3
158.7

3377.9
2533.3
113.1
1212.8
158.3

3907.2
2554.1
113.9
1229.6
153.2

3945.1
2585.7
112.3
1238.4
148.0

3990.1
2618.9
112.8
1243.1
150.0

28
29
30
31
3?
33
34
35
36

530.5
93.5
435.0
9.7
234.3
7 .9
23.3
152.7
7 . 0

525.3
110.4
431 7
10.3
232.6
7.9
20.1
154.2
6.5

513.6
112.0
435.3
9.6
234.6
7.9
19.7
155.9
7 . 7

514.8
108.2
437.5
9. 0
230.3
7.9
20.3
162.1
7.5

518.5
107.1
440.9
6.2
237.2
7 9
20.4
159.9
9.3

512.7
113.9
435.5
5.6
234.2
7.9
19.3
155.9
12.5

514.0
124.0
429.4
5.5
233.4
8.0
18.3
150.0
14.2

507.9
123.2
423.0
5.5
233.5
8.0
18.1
144.7
13.1

515.2
117.8
424.3
5.4
235.7
8.1
17.1
141.0
17.0

522.9
129.9
433.7
5.2
241.8
8.2
16.3
143.3
18.8

534.6
135.7
437.7
5.1
250.6
8.3
16 0
139.5
13.1

545.9
133.7
440.4
5.1
253.8
3.5
16.9
137.9
18.2

37
38
39
40
41

33.3
67 0.3
561.6
472.9
88.7

37.3
668.3
566.9
479.5
37.5

34.4
677.0
575.9
488.3
37.6

38.2
639.4
580.0
490.2
89.8

40.5
700.9
533.2
486.6
96.6

43.1
696.3
576.5
476.5
99.9

40.9
702.1
577.9
476.9
101.0

41.6
716.9
531.2
476.6
104.5

42.5
727.0
583.6
477.2
106.4

46.6
719.6
593.1
490.1
103.0

42.5
734.8
593.9
492.2
101.3

46.0
752.9
601.0
495.4
105.5

42
43

151.6
4125.7

162.3
4185.3

173.6
4067.5

175.6
4216.6

153.0
4609.2

160.6
4717.3

170.7
4736.4

164.9
4906.0

140.5
5127.0

161.3
4979.2

175. 1
4315.0

176.3 Trade c-edit net of trade debt 42
5064.9 Market value of equities
43

44
45
46

1394.0
1063.9
1768.1

1403.4
1067.5
1773.0

1420.2
1065.9
1777.3

1425.7
1060.5
1738.2

1AJ4.0
1066.4
1307.9

1453.1
1062.0
1801.5

1466.2
1067.4
1810.4

1484.2
1054.1
1312.5

1496.3
1057.3
1826.3

1499.2
1036.5
1352.7

1511.0
1107.9
1335.2

1513.3 Securities and mortgages
1124.9 Loans 3^0 snort-term paper
1923.8 Total s-t liabilities 14)

47
48
49

56 77.
43.27
45.3Z

56.7Z
4 3.27,
4 4.37.

57.1Z
42.3X
45.37.

57.37.
42.67
44.9Z

57.37.
42.6Z
44. az

57.77
42.27
44.2Z

57.3Z
42.1Z
43.97.

58.47.
41.57
4 3.77.

58.6X
41.37
43.3X

57.97
42.07,
4 3.27.

57.67.
42.37.
43.57

Liquid assets
Checkable dep. S currency
Small time 8 savings dep.
Large time deposits
Money mkt. fund snares
Security RPs
Foreign deposits

U.S. government securities
Treasury
Agency
Tax-exempt securities
Commercial paper

4042.7 Total liabilities
2642.9
Credit market instruments
111.9
Tax-exempt debt (3)
1254.3
Corporate bonds fl)
151.3
Mortgages
3ank loans n.e.c.
Commercial paper
Other loans
Savings institutions
Finance companies
U.S. government
Acceptance liab.to banks
Rest of the world
ABS issuers

Taxes payable
Trade debt
Miscellaneous liabilities
Fgn. direct invest, in US
Pen. fund contr. payaole

2
3
4
5
6
7

a

9
10
11
12
13

23
24
25
26
27
28
29
30
31
32
33
34
35
36

37
38
39
40
41

Memo:

Debt subtotals:

44
45
46

Percent ratios:

57.47. L-t debt/credit market debt
42.57. S-t debt/c<*adit market debt
42.47. Liquid assets/s-t liabil.

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands
Antillean financial subsidiaries, and U.S. direct investment abroad
excludes net inflows from those oond issues.

BILLIONS OF DOLLARS, END OF PERIOD.




the Federal National Mortgage Association.

(2)

Equity m

(3)

Industrial revenue bonds.
Issued by state and local governments
to finance private investment and secured in interest 3rd
principal by the industrial user of the funds.

(4)

Loans 'except mortgages), short-term paper, taxes payable,
and trade debt.
Includes loans due in more than one year
and excludes current maturities of securities and mortgages.

47
43
49

DECEMBER 7, 1994
State and Local Governments

79

State and Local Governments

L.105 State and Local Governments, Excluding Employee Retirement Funds (13
LEVELS, 1979-1990

LEVELS, 1979-1990

1 Total financial assets
2
3
4

Checkable dep. and currency
Time deposits
Security RPs

5
6
7
8
9
10

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Mortgages

11

Taxes receivable

12 Total liabilities
13
14
15
16
17

Credit market instruments
Tax-exempt securities
Short-term
Other
U.S. government loans

18

Trade debt

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

238.4

249.3

256.6

286.3

333.3

376.8

521.5

575.9

636.5

680.1

712.4

723.0

1

13.0
60.8
8.8

12.4
58.8
14.0

11.0
61.1
13.2

9.4
64.9
15.6

8.7
58.6
30.9

13.8
58.9
42.8

14.3
65.9
51.0

17.3
63.2
56.5

16.5
75.3
77.2

19.5
73.4
96.9

19.9
70.6
98.8

18.9
67.9
75.1

2
3
4

139.1
108.8
71.5
37.3
6.8
23.6

144.4
104.0
69.3
34.7
7.0
33.4

153.6
105.5
72.4
33.1
7.1
41.0

177.1
123.4
81.7
41.7
7.4
46.3

212.9
150.8
104.1
46.7
8.0
54.2

238.3
164.9
120.4
44.4
9.0
64.4

362.8
280.7
216.1
64.6
7.8
74.2

404.1
310.4
239.2
71.2
7.7
86.0

437.1
334.4
283.2
51.2
8.1
94.7

456.5
348.5
311,5
36.9
9.6
93.4

435.8
369.1
317.7
51.-4
11.9
104.7

524.1
5
399.6
6
320.1
7
79.5 8
14.5 9
110.0 10

16.6

19.6

17.8

19.3

22.1

23.1

27.0

29.8

30.3

33.9

37.4

37,1 11

315.6

328.5

345.9

377.2

412.6

449.3

586.0

642.6

719.6

763.3

834.1

883.2 12

299.5
292.9
13.1
279.7
6.7

310.4
302.8
14.9
288.0
7.6

326.7
317.9
16.0
301.9
8.8

357.1
347.3
22.7
324.5
9.8

391.7
330.8
21.3
359.6
10.9

427.4
408.8
17.6
391.2
18.6

563.0
536.2
20.5
515.7
26.3

618.0
590.7
20.4
570.3
27.3

693.0
668.1
18.7
649.4
24.9

734.5
725.5
21.2
704.4
9.0

802.5
793.8
25.3
768.5
8.8

848.6
838.9
29.1
809.9
9.6

16.1

18.1

19.2

20.1

20.9

21.9

23.0

24.6

26.6

28.8

31.5

(1) Data for employee retirement funds are shown in table L.124.

BILLIONS OF DOLLARS, END OF PERIOD.




13
14
15
16
17

34.6 18

DECEMBER 7, 1994
State and Local Governments

State and Local Governments
L.105 State and Local Governments, Excluding Employee Retirement Punds (1)

LEVELS, 1991-1994

1991 I
IV 1

I

II

1992

III

IV

I
(

II

I

1993

III

IV

I
11

I

1994
II

III

1

732.0

724.0

732.4

724.4

715.9

732.4

718.0

712.R

690.6

681.6

664.9

2
3
4

23.5
56.0
60.2

21.3
59.3
60.4

22.7
53.9
67.2

25.0
55.0
69.5

26.6
51.6
72.0

25.5
55.0
75.7

27.9
50.4
73.9

28.2
48.0
75.7

28.0
47.0
80.9

27.9
49.9
75.4

28.9
47.0
76.0

26.5
48.2
75.3

5
6
7
8
9
10

553.3
423.7
334.3
69.4
15.9
113.7

544.9
415.7
334.6
80.6
15.5
113.7

549.5
420.3
334.9
65.4
15.3
113.9

535.5
406.5
325.7
80.6
15.2
113.8

526.5
397.6
321.4
76.2
15.3
113.7

537.3
408.4
329.6
76.6
15.2
113.7

526.2
400.7
340.3
60.5
14.9
110.6

521.5
397.0
341.2
55.6
15.1
109.5

495.6
372.5
337.6
34.9
14.8
108.3

489.5
367.3
337.0
30.3
14.4
107.8

473.6
352.0
335.1
17.0
13.7
107.9

446.6
328.5
321.4
7.0
12.8
107.4

11

37.0

36.2

39.2

39.4

38.9

38.9

39.5

39.5

39.1

38.9

39.4

12

936.6

945.3

962.6

963.6

955.3

975.6

1013.0

1016.3

1021.6

1022.9

1025.8

13
14
15
16
17

911.1
901.1
35.0
866.2
10.0

918.9
908.6
34.5
874.3
10.1

935.9
925.9
39.0
866.9
10.0

936.2
926.2
38.0
688.2
10.0

927.S
917,7
34.5
883.2
9.9

947.6
937.9
35.1
902.6
9.8

984.9
975.3
45.3
930.0
9.6

986.0
978.5
36.2
940.3
9.4

993.2
983.9
39.6
944.3
9.2

994.4
985.4
38.9
946.5
9.0

997.2
988.4
43.6
944.9
8.8

975.7
967.2
33.5
933.7
8.5

Id

25.4

26.4

26.6

27.4

27.7

28.0

26.1

28.3

28.4

28.4

28.6

26.7

638.2 Total financial assets

39.6

Checkable dep. and currency
Time deposits
Security RFs

BILLIONS OF DOLLARS, END CF PERIOD.

I

2
3
4

Credit market Instruments
5
U.S. government securities 6
Treasury
7
Agency
8
Tax-exempt securities
9
Mortgages
10
Taxes receivable

1004.4 Total liabilities

ll

12

Credit market instruments
Tax-exempt securities
Short-term
Other
U.S. government loans

13
14
IS
16
17

Trade debt

18

(1) Data for employee retirement funds are shown In table L.124.




80
LEVELS, 1991-1994

DECEMBER 1, 1994
U.S. Govt., GSEs, and Pools

81

U.S. Govt., GSEs, and Pools
L.106-L.106 U.S. Government, GSEs, and Mortgage Pools

LEVELS, 1979-1990

LEVELS, 1979-1990
1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.108 U.S. Government

1 Total financial assets
Gold, SDRs 8 off. fgn. exch.
Checkable dep. and currency
Time deposits

2
3
4

Credit market instruments
Agency securities
Mortgages
Other loans
Taxes receivable
Trade credit
Miscellaneous assets

5
6
7
8
9
10
11

12 Total liabilities
13

SDR certificates

14
15
16
17
16

Treasury currency
Credit market instruments
Savings bonds
Other Treasury securities
Budget agency secur.Smtg.

19
20
21

Insur.and pen. reserves
Trade debt
Miscellaneous liabilities

200.2

228.7

249.8

281.1

290.7

327.7

371.6

385.4

37 0.8

361.0

368.6

440.6

1

5.3
19.2
1.0

10.6
16.2
0.8

13.8
17.4
0.7

17.1
24.5
1.1

19.0
16.4
0.7

20.3
21.8
1.2

25.1
34.0
1.2

28.0
32.8
1.4

29.1
21.4
1.7

27.7
32.1
1.4

31.7
26.1
1.3

39.7
25.4
1.4

2
3
4

140.0
34.6
105.4
14.9
11.3
8.5

163.8
42.1
121.7
12.2
15.1
10.1

187.8
47.0
140.7
1.7
17.6
10.9

203.6
49.4
154.2
22.4
12.4

213.2
50.6
162.6
2.1
26.2
13.1

230.1
51.5
178.7
7.9
31.3
15.0

248.6
53.3
195.3
11.3
35.0
16.4

255.2
54.4
200.9
18.4
32.6
16.9

240.5
49.1
191.4
19.3
41.0
17.9

213.8
48.0
165.8
24.5
41.1
20.3

205.4
47.3
158.2
23.3
44.5
35.6

239.0 5
6
82.9 7
156.2 3
22.5 9
42.8 10
69.8 11

766.7

855.4

952.6

1129.5

1332.3

1551.5

1801.4

2049.1

2216.2

2398.7

2581.5

2846.5 12

1.8

2.5

3.3

4.6

4.6

4.6

4.7

5.0

5.0

5.0

8.5

10.0 13

10.5
657.7
79.9
572.2
5.6

11.1
735.0
72.5
657.5
5.0

11.5
820.5
68.2
747.7
4.5

11.9
981.8
68.3
909.8
3.7

12.3
1167.0
71.5
1092.0
3.6

12.9
1364.2
74.5
1286.3
3.4

13.3
1589.9
79.8
1506.8
3.3

13.8
1805.9
93.3
1708.9
3.6

14.2
1949.8
101.1
1843.5
5.2

14.7
2104.9
109.6
1972.7
22.6

15.3
2251.2
117.7
2109.3
24.2

76.7
20.0
ft

85.5
21.3
ft

95.5
21.8
ft

107.5
23.7
*

121.7
26.7
ft

139.9
29.9
ft

159.0
34.5
-

180.1
44.4
-

199.2
46.8
1.2

219.2
49.1
5.8

240.4
58.3
7.3

262.4 19
52.0 20
7.7 21

16.3
2498.1
126.2
2339.6
32.4

14
15
16
17
18

L.107 Government-Sponsored Enterprises (GSEs) (1)
1 Total financial assets
Checkable dep. 3nd currency
2
Fed. funds and security RPs
3
4
5
6
7
8
9
10
11
12

Credit market instruments
U.S. government securities
Treasury
Agency
Mortgages
Home
Multifamily
Farm
Open market paper

13
14
15
16
17
18

Other loans
Student loans (SLMA)
Loans to farmers (FICB)
Loans to co-ops (BC)
FHLB loans to members
Miscellaneous assets

19 Total liabilities
Credit market instruments
20
21
GSE issues (2)
U.S. government loans
22
23

Miscellaneous liabilities

164.1
0.5
4.2

193.3
0.5
6.0

230.5
0.7
9.5

252.7
0.6
14.9

254.7
0.8
12.6

295.8
1.3
20.9

322.7
2.1
26.9

345.2
3.7
29.4

372.7
3.6
27.2

419.3
3.6
33.3

451.4
2.3
61.8

474.5
2.1
68.7

158.1
1.8
1.2
0.6
86.6
50.1
6.6
29.9
0.3

184.5
2.5
1.7
0.8
100.8
57.8
6.7
36.3
0.4

217.7
2.9
1.9
1.0
113.4
64.0
5.5
43.9
0.7

233.7
4.3
3.4
0.9
127.5
74.3
5.4
47.8
0.4

237.1
3.1
2.6
0.5
137.9
83.7
5.3
48.9
0.8

266.8
4.7
3.9
0.7
150.1
94.4
6.5
49.2
0.7

292.1
9.2
8.4
0.8
159.7
106.6
8.5
44.7
0.1

308.9
18.8
18.6
0.2
147.8
101.4
8.7
37.6
0.1

332.7
23.6
23.4
0.1
139.5
98.9
8.4
32.1
ft

365.3
29.5
29.2
0.3
144.5
104.7
9.5
30.2
0.4

361.7
22.1
15.9
6.2
150.5
110.0
12.0
28.4
3.3

375.6 4
49.9 5
38.0 6
11.9 7
156.1 3
115.3 9
13.2 10
27.6 11
3.8 12

69.3
1.5
17.5
8.4
41.3
1.3

80.8
2.6
19.4
9.8
49.0
2.3

100.7
4.8
21.2
9.5
65.2
2.6

101.5
6.4
20.4
3.7
66.0
3.6

95.4
7.9
19.0
9.5
59.0
4.2

111.4
9.8
17.8
9.1
74.6
6.7

123.1
12.3
13.9
8.1
88.8
l.S

142.3
14.7
11.6
7.4
108.6
3.2

169.6
18.4
9.9
8.2
133.1
9.2

191.5
21.2
7.6
9.9
152.8
16.2

135.3
24.6
9.5
9.9
141.8
25.7

165.8
28.8
9.8
10.1
117.1
28.1

13
14
15
16
17
18

161.8
137.0
135.5
1 .5

191.0
162.6
159.9
2.7

228.1
195.0
190.4
4.6

249.1
210.4
205.4
5.0

250.3
211.8
206.8
5.0

291.0
242.2
237.2
5.0

319.6
263.9
257.8
6.1

342.8
278.7
273.0
5.7

370.1
303.2
303.2
5.0

416.1
353.1
348.1
5.0

447.6
378.3
373.3
5.0

469.1
398.5
393.7
4.9

19
20
21
22

24.8

28.4

33.0

38.8

33.5

48.8

55.7

64.0

61.9

63.1

69.3

1
2
3

70.6 23

(1) Federal Home Loan Banks, Federal National Mortgage Assn
Federal Home Loan Mortgage Corp ., Student Loan Market ing
Assn., Federal Land Banks, Federal Intermediate Credit Banks,
Banks for Cooperatives, the Financing Corp., and the Resolution
Funding Corporation.
(2) Such issues are classified as U .S. government securities.

L.108 Federally Related Mortgage Pools (3)
1 Total mortgage holdings
Home
2
Multifamily
3
Farm
4

94.8
88.4
5.3
1.0

114.0
107.1
6.0
0.9

129.0
125.0
3.2
0.7

178.5
174.3
3.6
0.6

244.9
239.5
4.8
0.5

289.0
283.0
5.5
0.5

368.9
361.5
7.0
0.4

531.6
519.7
11.9
0.1

670.4
654.0
16.4
0.1

745.3
723.6
21.6

369.5
842.3
27.2
N

1019.9
990.4
29.5
X

1
2
3
4

5 Total pool securities (4)

94.8

114.0

129.0

178.5

244.9

289.0

368.9

531.6

670.4

745.3

869.5

1019.9

5

(3) GNMA, FNMA, FHLMC, and Farmers Home Administration pools. Also
includes federally related pools that are used as collateral for
federally related agency-Issued CMOs 3nd privately issued CMOs.
Excludes Federal Financing Bank holdings of pool securities, which
are included with U.S. government mortgages and other loans.
(4) Such issues are classified as U.S. government securities.
BILLIONS OF DOLLARS, END OF PERIOD.




DECEMBER 7, 1994
U.S. Govt./ GSEs» and Pools

U.S. Govt;., GSEs, and Pools

L.106-L.108 U.S. Government, GSEs, and Mortgage Pools

82

LEVELS, 1991-1994
1991 I
IV
I

LEVELS, 1991-1994
1992

II

I

I
1

IV

III

I
I

1993

I

IV

III

II

1994
II

I

III

L.106 U.S. Government
1

498.5

493.7

515.2

516.7

473.9

474.5

491.7

478.5

474.0

470.1

463.5

2
3
4

39.1
50.9
1.6

37.6
23.4
1.9

41.6
49.0
2.2

43.1
59.3
2.2

38.8
31.7
0.9

41.1
22.7
0.9

40.7
61.8
0.8

41.6
53.9
0.8

40.2
52.2
0.8

42.6
46.0
0.7

42.4
51.7
0.7

42.4
36.4
0.7

5
6
7
8
9
10
11

246.9
98.3
148.6
16.4
37.8
105.8

251.3
102.5
148.8
27.6
38.3
113.6

246.4
97.8
148.6
18.4
35.5
122.1

239.3
90.6
148.8
17.0
32.4
123.4

235.0
86.4
148.6
15.5
30.8
121.2

229.4
81.9
147.5
29.5
30.1
120.7

223.1
76.4
146.7
17.3
28.1
119.8

218.8
73.2
145.6
19.1
28.7
115.6

216.6
70.9
145.7
18.9
28.0
117.3

206.3
66.8
139.5
34.7
25.8
114.0

204.7
66.5
138.2
21.3
24.9
117.8

202.6
67.5
135.1
24.8
24.9
115.3

12

3144.9

3221.3

3289.8

3385.4

3471.8

3523.9

3592.7

3658.0

3757.1

3801.1

3815.2

13

10.0

10.0

10.0

10.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

14
IS
16
17
18

16.3
2776.4
138.1
2619.7
18.6

16.3
2859.7
142.0
2702.0
15.8

16.4
2923.3
145.4
2762.1
15.9

16.4
2998.9
150.3
2830.4
18.1

16.5
3080.3
157.3
2904.3
18.8

16.6
3140.2
163.6
2957.0
19.6

16.7
3201.2
166.5
3014.1
20.6

16.8
3247.3
169.1
3053.5
24.7

17.0
3336.5
171.9
3138.0
26.6

17.1
3387.7
175.0
3186.4
26.3

17.3
3395.5
177.1
3190.8
27.5

17.5
3432.5
178.6
3225.3
28.6

19
20
21

288.0
47.3
7.0

283.4
45.2
6.7

290.2
42.9
6.9

307.6
45.9
6.6

315.0
45.1
6.9

309.9
42.4
6.8

317.1
42.9
6.8

334.8
44.5
6.5

342.2
46.7
6.8

337.0
44.7
6.5

344.2
43.7
6.6

361.9
43.9
6.6

L.107 Government-Sponsored Enterprises (GSEs)

447.2 Total financial assets

Gold, SDRs & off. fgn. exch.
Checkable dep. and currency
Time deposits
Credit market instruments
Agency securities
Mortgages
Other loans
Taxes receivable
Trade credit
Miscellaneous assets

3870.4 Total liabilities

1
2
3
4

5
6
7
8
9
10
ll

12

SDR certificates

13

Treasury currency
Credit market instruments
Savings bonds
Other Treasury securities
Budget agency secur.Smtg.

14
15
16
17
18

Insur.and pen. reserves
Trade debt
Miscellaneous liabilities

19
20
21

(1)

1
2
3

493.6
1.2
67.6

508.7
1.3
68.8

517.6
1.0
67.5

539.6
0.9
71.8

548.9
1.2
66.6

545.3
1.0
57.3

569.2
0.8
49.6

609.2
1.3
48.6

627.2
2.1
50.3

650.7
1.7
53.9

680.7
1,6
61.8

716.4 Total financial assats
1.6
Cneckable dep. and currency
66.7
Fed. funds and security RPs

4
5
6
7
8
9
10
11
12

390.7
78.4
43.7
34.7
167.9
126.2
14.6
27.1
10.9

412.9
96.9
56.7
40.3
175.9
133.7
15.1
27.1
8.2

422.0
99.3
54.2
45.0
180.3
137.9
15.3
27.1
9.0

439.3
102.8
57.9
44.9
186.9
144.1
15.7
27.1
12.2

459.7
108.9
61.9
47.0
199.9
156.7
16.2
27.0
13.5

463.0
105.7
59.3
46.4
205.1
161.8
16.5
26.9
9.5

495.5
112.4
63.4
49.0
222.6
178.9
16.7
26.9
10.0

531.8
127.1
72.0
55.1
233.4
189.0
17.3
27.1
13.4

549.8
127.6
60.4
67.2
246.6
201.9
17.9
26.8
11.9

572.0
142.3
66.8
75.6
256.7
211.8
18.3
26.5
10.2

597.9
155.9
70.3
85.6
261.2
215.9
18.5
26.8
9.6

631.9
173.8
70.5
103.3
266.8
221.4
18.6
26.9
11.0

Credit market instruments
4
U.S. government securities 5
Treasury
6
Agency
7
Mortgages
8
Home
9
Multifamily
10
Farm
11
Open market paper
12

13
14
15
16
17
18

133.6
31.8
11.2
11.5
79.1
34.1

131.9
32.3
10.7
12.7
76.3
25.9

133.4
33.1
11.4
12.1
76.9
27.1

137.4
33.7
11.5
12.0
80.2
27.7

137.4
33.4
11.4
12.6
79.9
21.4

142.6
33.9
10.4
13.4
85.0
24.1

150.5
34.3
11.1
13.0
92.1
23.2

158.0
34.6
11.4
13.0
98.9
27.5

163.8
35.2
11.6
13.9
103.1
24.9

162.8
36.1
11.4
14.9
100.4
23.0

171.2
36.7
12.3
13.7
108.5
19.4

180.3
38.1
12.3
13.7
116.2
16.1

Other loans
Student loans (SLMA)
Loans to farmers (FICS1
Loans to co-ops (BC)
FHLB loans to members
Miscellaneous assets

19
20
21
22

486.0
407.7
402.9
4.8

500.8
410.5
405.7
4.8

508.5
422.6
417.8
4.3

530.2
439.5
434.7
4.8

538.7
447.9
443.1
4.8

534.3
456.0
451.2
4.8

557.7
473.2
468.4
4.8

597.0
515.1
510.3
4.8

614.4
528.5
523.7
4.8

637.3
563.7
563.7
-

666.7
600.3
600.3
-

702.4 Total liabilities
638.3
Credit market instruments
638.3
GSE issues (2)
U.S. government loans
-

19
20
21
22

23

78.3

90.3

85.9

90.7

90.8

78.4

84.6

81.9

85.9

73.6

66.4

Miscellaneous liabilities

23

64.0

I
2
3

13
14
15
16
17
18

(1) Federal Home Loan Banks, Federal National Mortgage Assn.,
Federal Home Loan Mortgage Corp., Student Loan Marketing
Assn., Federal Land Banks, Federal Intermediate Credit Banks,
Banks for Cooperatives, the Financing Corp., and the Resolution
Funding Corporation.
(2) Such issues are classified as U.S. government securities.

L.108 Federally Related Mortgage Pools (3)

1
2
3
4

1156.5
1130.4
26.1

1179.8
1154.1
25.6

1219.0
1194.0
25.0
*

1244.0
1219.3
24.7

1272.0
1248.2
23.8

1299.8
1276.6
23.2

1301.3
1278.7
22.6

5

1156.5

1179.8

1219.0

1244.0

1272.0

1299.8

1301.3

X

X

X

X

X

X

1330.1
1307.7
22.3

1352.6
1330.2
22.5

1390.8
1368.5
22.3

1420.8
1398.5
22.3

1437.6 Total mortgage holdings
Home
1415.5
22. 1
Multifamily
X
Farm

1
2
3
4

1330.1

1352.6

1390.8

1420.8

1437.6 Total pool securities (4)

5

X

X

X

X

Also
(3) GNMA, FNMA, FHLMC, and Farmers Home Administration pools.
includes federally related pools that are used as collateral for
federally related agency-issued CMOs and orivately issued CMOs.
Excludes Federal Financing Bank holdings of pool securities, which
are included with U.S. government mortgages and other loans.
(4) Such issues are classified as U.S. government securities.
BILLIONS CF DOLLARS, END OF PERIOD




DECEMBER 7, 1994
Rest of the World

Rest of the World

L.109 Rest of the World

83

LEVELS, 1979-1990

LEVELS, 1979-1990

1 Total financial assets
2
U.S. checkable dep.
U.S. time deposits
3
4
Net interbank claims

1979

1980

1981

1982

1983

1984

1985

394.2
23.4
24.6
9.5

458.8
23.5
25.8
-17.1

480.2
19.7
28.1
-55.8

530.0
16.0
34.9
-62.5

629.0
17.5
35.4
-50.3

741.1
19.7
40.0
-47.5

4.1
48.3
161.0
121.9
106.6
101.7
4.9
15.3
14.2
1.1
27.7
2.9
8.4

4.4
64.6
186.5
135.8
118.2
111.3
6.9
17.6
16.1
1.4
36.9
4.5
9.3

4.4
64.4
217.0
145.3
125.1
117.0
8.1
20.2
18.5
1.7
47.9
15.7
8.0

6.0
76.3
255.8
160.4
132.5
124.9
7.7
27.8
25.8
2.0
68.3
20.9
6.3

6.7
96.4
282.5
173.3
137.0
129.7
7.3
36.3
33.8
2.5
74.9
27.2
7.1

1986

1987

1988

1989

1990

894.2
21.2
43.7
-30.9

1091.0
23.9
41.0
-15.2

1263.5
22.5
42.0
29.3

1478.1
22.0
45.0
35.2

1770.2
22.5
43.1
27.7

1879.0
22.2
42.6
53.3

1
2
3
4

6.8
96.1
361.0
210.4
144.7
138.2
6.5
65.8
62.1
3.7
90.5
51.7
8.3

7.5
125.6
436.2
241.3
145.1
138.4
6.6
96.2
88.0
8.3
126.4
60.3
8.2

10.9
168.9
547.8
291.5
178.9
173.3
5.6
112.5
96.1
16.5
166.6
81.7
8.0

13.1
175.6
604.0
323.1
220.5
213.7
6.8
102.5
82.6
19.9
185.4
86.5
9.0

13.0
201.0
709.8
387.2
260.9
253.0
8.0
126.2
100.9
25.4
199.3
111.5
11.9

17.2
251.2
833.3
469.3
263.7
257.3
6.4
205.5
166.5
39.1
211.9
137.9
14.2

16.7
221.7
918.3
502.1
295.0
287.9
7.1
207.0
162.4
44.6
217.2
186.7
12.3

5
6
7
8
9
10
11
12
13
14
15
16
17

5
6
7
8
9
10
11
12
13
14
15
16
17

Security RPs
U.S. corporate equities
Credit market instruments
U.S. government securities
Official holdings
Treasury
Agency
Private holdings
Treasury
Agency
U.S. corporate bonds (1)
Loans to U.S. corp. bus.
Open market paper

18
19

Security credit
Trade credit

25.2

28.6

28.4

30.1

30.3

31.1

31.7

32.8

33.1

35.7

38.0

18
44.2 19

20
21
22

Miscellaneous assets
Fgn. dir. inv. in US (2)
Other

98.1
88.3
9.8

142.5
125.9
16.6

173.9
159.9
14.0

173.3
176.9
-3.5

210.6
184.4
26.2

234.1
211.2
22.9

259.3
231.3
28.0

281.0
265.8
15.2

344.0
313.5
30.6

416.5
374.3
42.1

537.2
436.6
100.6

560.1 20
468.1 21
91.9 22

585.6

672.8

727.6

767.2

857.5

352.8

383.8

954.2

1036.7

1133.0

1274.2

1390.3 23

5.1
26.9

13.0
31.4

14.8
41.8

17.6
55.2

17.6
147.3

18.2
144.7

24.8
153.2

29.1
184.6

24.4
196.1

27.1
218.2

53.6
262.9

61.3 24
304.3 25

172.9
47.8

197.2
49.0

220.7
54.5

210.4
61.1

227.7
64.2

235.5
68.0

236.7
71.8

238.3
74.9

245.0
82.3

251.4
39.2

261.2
94.1

285.0 26
115.4 27

23 Total liabilities
U.S. official fgn. exchange
and net IMF position
U.S. private deposits

24
25
26
27

Credit market instruments
Corporate bonds

28
29
30
31

Bank loans n.e.c.
Official
Banks
Other

53.0
7.3
21.6
24.1

64.8
11.9
26.3
26.6

67.8
12.6
21 .8
33.3

33.8
5.4
15.1
13.3

37.4
8.5
14.2
14.3

30.8
7.6
11.0
12.2

27.9
6.2
9.7
12.1

26.9
6.2
10.7
10.0

23.3
5.3
7.8
10.2

21.5
4.8
7.8
8.9

21.4
3.4
8.6
9.4

18.5
2.8
5.9
9.8

32
33
34

Commercial paper
Acceptance liabs. to banks
U.S. government loans

4.6
18.6
48.9

7.0
22.7
53.8

10.8
29.6
57.9

15.1
38.2
62.3

21.5
38.0
66.6

27.7
39.0
70.0

33.9
31.6
71.4

37.4
26.3
72.8

41.2
27.3
70.9

49.9
24.9
65.8

63.0
19.6
63.2

75.3 32
16.3 33
59.3 34

20.2

25 .'6

26.3

18.3

17.2

16.5

16.3

15.6

18.1

25.8

28.6

35
27.4 36

28
29
30
31

35
36

Security debt
Trade debt

37
38
39
40
41

Miscellaneous liabilities
U.S. eq. in IBRD, etc.
U.S. government deposits
U.S. dir. inv. abr. (1)(2)
Other

360.5
7.5
0.9
348.2
3.8

405.7
8.3
1.8
404.2
-8.7

424.1
9.3
1.6
426.4
-13.2

465.8
10.6
1 .8
419.8
33.6

447.7
11.3
1.8
410.0
24.7

437.9
12.9
2.1
403.6
19.4

452.8
14.4
1.9
424.7
11.8

486.7
15.9
0.9
454.3
15.0

553.1
17.2
0.8
523.2
12.0

610.4
19.6
0.7
538.2
52.0

667.9
20.7
0.6
577.2
69.4

712.4
22.0
0.6
632.6
57.1

42

Memo:
Market value of fgn.equities
held by US residents

14.8

18.9

16.5

17.4

26.2

26.0

41.0

63.0

69.6

86.0

119.9

110.0 42

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands
Antillean financial subsidiaries, and U.S. direct investment aoroad
excludes net inflows from those bond issues.
(2) Direct investment is valued on a current-cost basis.

BILLIONS OF OOLLARS. END OF PERIOD.




37
38
39
40
41

DECEMBER 7, 1994
Rest of the World

Rest of the World
L.109 Rest of the World

LEVELS, 1991-1994
1991
IV

I
1

LEVELS, 1991-1994
1992

I

II

III

IV

I
I

1993

II

I

III

IV

I
1

I

1994
II

III

1
2
3
4

2010.6
20.8
42.0
36.3

1997.7
19.8
38.1
21.8

2062.9
21.4
37.9
40.6

2089.9
23.0
38.0
67.6

2160.4
22.3
38.8
74.2

2193.2
21.4
38.0
75.3

2259.3
21.3
38.3
88.3

2349.5
25.4
37.3
107.7

2469.6
21.6
37.1
111.3

2550.5
23. 0
37.4
141.2

2557.7
24.6
38.1
161.9

2681.1 Total financial assets
U.S. checkable dep.
23.6
38.5
U.S. time deposits
180.4
Net interbank claims

5
6
7
8
9
10
11
12
13
14
15
16
17

16.8
271.9
958.1
559.0
315.9
307.1
8.8
243.1
189.5
53.6
233.4
152.7
13.0

19.5
268.7
980.6
577.7
331.3
322.0
9.3
246.4
190.1
56.3
236.7
154.2
12.1

21.8
267.2
1017.4
605.8
344.3
333.3
ll.O
261.5
200.3
61.3
243.2
155.9
12.6

21.1
262.0
1036.9
611.8
344.9
332.9
11.9
266.9
205.1
61.8
249.2
162.1
13.8

23.5
300.2
1052.7
628.4
335.7
323.0
12.7
292.7
224.8
67.9
251.5
159.9
12.9

24.0
305.3
1061.8
645.3
337.4
324.0
13.4
307.9
238.8
69.0
247.7
155.9
12.9

26.8
306.4
1084.0
659.3
344.2
329.7
14.5
315.1
238.2
76.9
254.9
150.0
19.8

28.2
308.8
1118.1
691.6
364.6
348.3
15.8
327.0
241.7
85.3
261.7
144.7
20.1

27.7
340.0
1175.1
742.6
388.5
370.9
17.6
354.1
254.1
100.0
273.0
141.0
18.6

28.3
345.9
1206.8
759.9
389.8
372.1
17.7
370.1
263.3
106.7
280.8
143.3
22.8

29.2
343.4
1219.1
763.3
398.4
378.3
20.1
365.3
255.7
109.7
292.9
139.5
23.0

33.1
344.0
1250.4
789.8
413.8
391.3
22.5
376.1
263.6
112.5
302.7
137.9
19.9

18
19

43.5

43.8

45.7

46.6

46.3

47.4

47.4

51.2

49.8

51.4

51.9

52.5

20
21
22

621.3
491.9
129.4

605.3
491.3
114.0

610.9
495.0
115.9

594.8
497.5
97.2

602.5
497.1
105.4

619.9
498.1
121.8

646.7
507.5
139.2

672.8
511.0
161.9

707.2
516.7
190.4

716.4
528.4
188.1

689.5
532.8
156.6

758.7
540.3
218.4

1
2
3
4

Security RPs
U.S. corporate equities
Credit market instruments
U.S. government securities
Official holdings
Treasury
Agency
Private holdings
Treasury
Agency
U.S. corporate bonds (1)
Loans to U.S. corp. bus.
Open market paper

5
6
7
8
9
10
11
12
13
14
15
16
17

Security credit
Trade credit

18
19

Miscellaneous assets
Fgn. dir. inv. in US (2)
Other

20
21
22

23

1392.8

1337.5

1371.0

1396.8

1387.8

1404.5

1439.2

1451.5

1497.1

1520.4

1526.1

24
25

55.4
289.6

52.7
280.6

54.4
277.5

55.4
288.3

51.8
280.1

54.5
277.1

53.9
272.8

55.6
260.2

53.4
258.0

56.4
264.3

54.9
273.2

26
27

298.8
129.5

287.3
129.8

303.0
134.4

309.2
137.5

310.9
143.9

319.8
160.6

332.0
171.9

351.3
193.0

357.8
203.4

340.3
210.6

341.2
213.4

339.0
215.0

28
29
30
31

21.6
2.4
6.9
12.3

22.0
2.4
7.1
12.5

25.5
2.6
8.6
14.4

26.5
2.9
9.0
14.6

23.9
3.3
7.6
13.0

24.3
3.0
8.2
13.1

25.9
3.1
9.0
13.9

26.2
3.4
9.5
13.3

24.6
2.4
8.8
13.5

26.2
2.7
9.6
13.9

26.0
2.1
9.6
14.3

26.2
2.4
9.3
14.5

Bank loans n.e.c.
Official
Banks
Other

32
33
34

81.8
12.0
53.9

70.5
11.6
54.0

77.4
11.7
53.9

'80.7
10.4
54.1

77.7
11.3
54.1

72.3
9.5
53.2

72.1
9.2
52.3

71.7
8.2
52.2

68.7
8.2
52.9

43.3
7.9
52.3

42.0
7.9
52.0

39.9
7.8
50.0

Commercial paper
32
Acceptance liabs. to banks 33
U.S. government loans
34

35
36

30.4

30.0

30.0

31.0

31.6

33.4

33.2

32.2

33.2

32.8

33.8

34.4

37
38
39
40
41

718.5
23.5
1.6
661.7
31.7

686.5
23.8
1.6
680.0
-19.0

706.1
24.1
1.8
688.9
-8.7

713.0
24.5
1.5
693.4
-6.5

713.5
25.0
1.6
676.7
10.2

719.7
25.2
2.0
680.1
12.4

747.3
25.4
2.4
699.2
20.3

752.3
25.7
2.9
706.6
17.0

794.7
26.1
1.9
716.2
50.6

826.6
26.3
1.8
742.2
56.3

822.9
26.7
1.9
751.8
42.5

876.5
27.1
2.1
763.8
83.6

42

158.8

166.1

168.9

177.6

178.1

190.4

203.0

233.4

297.7

313.8

307.9

323.1

1579.9 Total liabilities
U.S. official fgn. exchange
55.5
and net IMF position
274.5
U.S. private deposits

Credit market instruments
Coroorate bonds




26
27

28
29
30
31

Security debt
Trade debt

35
36

Miscellaneous liabilities
U.S. eq. in I3RD, etc.
U.S. government deposits
U.S. dir. inv. abr. (1)(2)
Other

37
38
39
40
41

Memo:
Market value of fgn.equities 42
held by US residents

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands
Antillean financial subsidiaries, and U.S. direct investment abroad
excludes net inflows from those bond issues.
(2) Direct investment is valued on a current-cost basis.

BILLIONS OF DOLLARS, END OF PERIOD

23

24
25

DECEMBER 7, 1994
Banking System

Banking System
L.110-L. Ill Monetary Authority and Commercial Banking

85
LEVECS7-1979-1990

LEVELS, 1979-1990
1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.110 Monetary Author ity (1)
1 Total financial assets
Gold and foreign exchange
2
Treasury currency
3
SDR certificates
4
Federal Reserve float
5
F.R. loans to domestic banks
6
Security RPs
7

166.7
13.6
13.1
1.8
6.8
1.5
2.4

173.7
16.2
13.8
2.5
4.5
1.8
3.3

181.9
16.2
14.5
3.3
1.8
1.6
3.7

194.3
16.9
15.0
4.6
2.7
0.7
5.8

203.7
14.8
15.7
4.6
1.6
0.9
2.0

218.2
14.6
16.4
4.6
0.9
3.6
2.0

243.2
18.1
17.1
4.7
1.0
3.1
5.2

275.1
20.5
17.6
5.0
1.3
1.6
16.0

285.8
16.7
18.2
5.0
0.8
3.8
1.3

304.3
20.1
18.8
5.0
1.3
2.2
6.9

315.5
42.9
19.6
8.5
1.1
0.5
2.1

343.5
43.6
20.4
10.0
2.6
0.2
18.4

1
2
3
4
5
6
7

Credit market instruments
U.S. government securities
Treasury
Agency
Acceptances
Bank loans n.e.c.
Miscellaneous assets

124.5
124.5
116.3
8.2
3.0

128.0
128.0
119.3
8.7
3.5

136.9
136.9
127.7
9.1
4.0

144.5
144.5
135.6
8.9
3.9

159.2
159.2
150.6
8.6
4.9

167.6
167.6
159.2
8.4
8.5

186.0
186.0
177.3
8.2
8.0

205.5
205.5
197.6
7.8
7.7

230.1
230.1
222.6
7.6
9.9

240.6
240.6
233.7
7.0
9.4

233.3
233.3
226.8
6.5
7.5

241.4
241.4
235.1
6.3
6.9

8
9
10
11
12
13
14

165.5
29.8
18.5

172.5
27.5
19.8

180.6
25.2
18.6

192.9
26.5
19.5

202.2
21.4
21.0

216.6
21.8
24.2

241.4
28.6
25.5

273.2
48.1
25.7

283.8
41.8
24.9

302.2
39.3
27.6

313.2
35.6
28.7

341.1 15
38.7 16
32.6 17

112.5
4.6
0.8
107.1

121.5
3.5
0.5
117.5

132.4
4.7
0.7
126.9

142.5
5.5
0.4
136.6

155.5
4.1
0.5
150.9

165.8
5.8
0.4
159.6

182.4
9.9
0.5
171.9

194.7
8.0
0.4
186.3

211.4
5.8
0.3
205.4

229.5
9.1
0.4
220.1

239.1
6.7
0.6
231.8

264.3
9.5
0.4
254.4

4.8
1.1
3.6

3.8
1.2
2.6

4.4
1.3
3.1

4.4
1.4
3.0

4.2
1.5
2.8

4.8
1.6
3.1

4.8
1.3
3.1

4.7
1.9
2.8

5.7
2.0
3.7

5.8
2.1
3.6

10.0
2.2
7.7

8
9
10
11
12
13
14

15 Total liabilities
16
Depository inst. reserves
17
Vault cash of comm, banks

18
19
20
21

Checkable dep. and currency
Due to U.S. government
Due to rest of the world
Currency outside banks

22
23
24

Miscellaneous liabilities
Federal Reserve Bank stock
Other

18
19
20
21

5.6 22
2.4 23
3.1 24

(1) Assets and liabilities of Federal Reserve Banks and Treasury
monetary accounts that supply or absorb bank reserves.
Excludes
the accounts of the Federal Reserve Board.

L.lll Commercial Banking (2)
1355.2
2.4
1169.7
147.6
95.6
52.0

1481.7
2.8
1271.1
173.3
111.5
61.8

1618.6
2.9
1373.4
185.3
113.a
71.6

1730.9
3.4
1450.3
212.9
134.0
78.8

1887.2
3.6
1589.2
259.5
179.5
80.0

2127.0
4.1
1765.1
260.4
181.5
78.9

2376.3
4.5
1975.0
266.3
189.4
77.5

2619.6
4.4
2172.9
312.8
197.7
115.1

2774.4
3.6
2297.5
338.9
194.4
144.5

2952.4
3.0
2455.9
360.6
185.3
175.3

3232.0
2.6
2637.1
395.8
165.3
230.5

3338.6
2.5
2767.3
456.9
172.1
284.8

1
2
3
4
5
6

Tax-exempt securities
Corporate 8 foreign bonds

135.6
9.7

148.8
10.8

154.0
10.7

158.3
11.1

162.1
16.2

174.6
21.9

231.7
31.1

203.4
53.3

174.3
78.1

151.6
39.0

133.8
84.1

117.4
88.7

7
8

9
10
11
12
13
14

Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open market paper
Security credit

876.6
245.2
186.4
410.8
14.1
20.2

938.1
262.7
180.2
458.5
15.8
20.9

1023.3
284.2
184.2
512.2
16.5
26.2

1068.0
301.3
190.9
532.3
16.8
26.2

1151.4
330.5
213.7
564.2
14.3
28.7

1308.2
379.5
258.8
622.9
12.6
34.5

1445.3
429.2
296.3
664.6
9.7
45.4

1603.3
502.5
321.1
731.5
8.6
39.6

1706.3
591.4
337.6
731.6
11.2
34.4

1854.7
669.2
370.7
770.8
10.1
33.9

2016.6
763.5
385.1
819.9
9.9
38.2

2100.2
849.3
387.0
815.0
12.7
36.2

9
10
11
12
13
14

15
16

Mutual fund shares
Corporate equities

0.1

0.1

0.1

0.1

0.1

0.1

0.1

32.5
18.5
29.3
102.3

39.8
19.8
27.4
120.8

51.1
18.6
25.1
147.5

58.8
19.5
26.1
172.7

65.7
21.0
20.1
187.6

69.4
24.2
19.6
244.5

60.0
25.5
24.7
286.5

54.4
25.7
42.5
319.3

59.8
24.9
36.9
351.3

57.5
27.6
34.0
374.4

55.4
28.7
31.1
477.1

1 Total financial assets
Checkable dep. and currency
2
3
Total bank credit
4
U.S. government securities
Treasury
5
6
Agency
7
8

17
18
19
20

Cust. liabs. on acceptances
Vault cash
Reserves at Federal Reserve
Miscellaneous assets

*

2.2
4.7

1.9 15
2.2 16
45.5
32.6
35.3
455.4

17
18
19
20

1291.1

1411.2

1560.7

1698.5

1854.2

2046.4

2279.3

2516.1

2688.7

2890.1

3149.5

22
23
24
25

Checkable deposits
U.S. government
Rest of the world
Private domestic

338.0
14.5
22.7
300.9

347.8
11.9
22.9
312.9

356.5
10.8
19.0
326.7

375.8
16.9
15.6
343.3

390.8
11.5
17.0
362.3

419.5
15.5
19.3
334.7

473.7
25.8
20.6
427.3

568.2
27.5
23.5
517.3

548.5
21.6
22.1
504.7

565.6
29.0
21.6
515.1

562.3
25.6
21.9
514.8

26
27
28

Small time and savings dep.
Large time deposits
Fed. funds and security RPs

433.9
225.6
94.3

479.9
272.3
114.8

522.1
324.3
129.6

620.1
329.9
138.3

750.9
233.3
153.6

826.0
321.1
155.2

907.9
332.1
186.4

982.1
333.6
205.6

1010.0
375.0
215.8

1084.0
416.8
236.6

1184.7
445.7
274.5

29
30
31
32

Net interbank claims
To monetary authority
To domestic barks (3)
To foreign banks

9.4
8.2
-8.3
9.5

-22.5
6.3
-11.7
-17.1

-69.7
3.4
-17.3
-55.8

-77.1
3.5
-18.1
-62.5

-75.2
2.5
-27.4
-50.3

-65.9
4.4
-22.9
-47.5

-45.1
4.0
-18.3
-30.9

-36.3
2.8
-24.5
-15.2

5.8
4.6
-28.1
29.3

10.1
3.5
-28.5
35.2

-1.7
1.6
-31.0
27.7

24.0
2.8
-32.0
53.3

29
30
31
32

33
34
35
36

Credit market instruments
Corporate bonds
Open market paper
Fed. Home Loan Bank loans

76.4
21.9
54.5
-

91.4
23.2
68.2
-

113.0
26.1
86.9
-

131.9
32.4
99.6
-

150.3
42.0
108.3
-

173.6
55.5
118.1

185.4
74.4
111.0
-

192.4
90.5
101.9
-

212.9
104.0
108.9
-

215.1
109.1
106.0

219.9
113.7
106.1
-

191.5
108.9
82.2
0.4

33
34
35
36

37
38

Taxes payable
Miscellaneous liabilities

1.4
112.1

0.8
126.8

0.5
184.6

0.4
178.7

0.3
200.1

0.3
216.6

0.4
238.6

0.4
270.6

0.4
320.3

0.6
361.4

0.8
463.5

0.6 37
471.2 3a

1181.8

1289.9

1398.2

1482.9

1626.1

1800.1

1989.5

2187.6

2323.0

2479.5

2647.4

2772.5 39

21 Total liabilities

39 Memo: Cred. mkt. funds adv.(4)

(2) U.S.-chartered commercial banks, foreign banking offices in U.S.,
bank holding companies, and banks in U.S.-affiliated areas.
IBFs are excluded from domestic banking and treated the same as
branches in foreign countries.
(3) Floats and discrepancies in interbank deposits and loans.
(4) Total bank credit (line 3) less security credit (line 14)
less mutual fund shares (line 15) less oorporate equities (line It)
plus customer liabilities on acceptances (line 17).
BILLIONS OF DOLLARS, END OF PERIOD.




3251.0 21

583.6
30.9
21.3
530.9

22
23
24
25

1307.6 26
423.6 27
248.8 28

DECEMBER 7, 1994
Banking System

Banking System
L.llO-L.lll Monetary Authority and Commercial Banking

1991
IV

1992

I
1

I

_86
LEVELS, 1991-1994

LEVELS, 1991-1994

II

III

IV

I
1

1993
I

III

II

IV

I
1

I

1994
II

III

L.110 Monetary Authority (1)
1
2
3
4
5
6
7

365.9
33.6
21.1
10.0
1.0
0.2
15.9

347.4
37.1
21.1
10.0
0.5
0.1
1.8

355.7
35.5
21.3
10.0
-.2
1.4
-

377.6
35.4
21.3
10.0
-.2
0.6
18.2

381.7
32.5
21.5
8.0
3.3
0.7
8.1

382.6
33.3
21.6
8.0
0.3
0.8
7.3

408.2
33.3
21.7
8.0
0.2
1.5
16.0

408.9
34.2
21.9
8.0
0.9
2.9
8.4

423.8
33.3
22.1
6.0
0.9
0.1
13.2

421.0
34.3
22.3
8.0
0.4
0.5
5.5

436.5
33.4
22.5
8.0
0.9
0.7
10.6

433.7 Total financial assets
Gold and foreign exchange
34.2
22.7
Treasury currency
8.0
SDR certificates
Federal Reserve float
0.2
F.R. loans to domestic banks
0.5
Security RPs
2.5

8
9
13
i1
12
' 3
*

272.5
272.5
266.5
6.0
6.6

271.8
271.8
265.8
6.0
5.1

282.6
282.6
276.9
5.7
5.2

285.2
285.2
279.7
5.5
7.0

300.4
300.4
295.0
5.4
7.4

303.6
303.6
298.5
5.1
7.7

318.2
318.2
313.1
5.0
9.2

324.2
324.2
319.4
4.8
8.3

336.7
336.7
332.0
4.6
9.6

341.5
341.5
337.3
4.2
8.6

351.6
351.6
347.6
3.9
8.9

356.8
356.8
353.0
3.8
8.7

15
16
17

363.3
29.4
53,6

344.3
29.5
29.3

351.0
22.7
29.7

374.4
27.7
30.2

378.7
32.1
31.9

379.2
34.5
30.6

405.0
27.7
32.2

405.0
29.9
31.7

420.4
35.0
32.7

416.5
35.7
31.4

431.9
33.4
34.4

429.1 Total liabilities
30.1
Depository inst. reserves
Vault cash of comm, banks
31.3

18
19
20
21

293.5
18.3
1.0
274.2

281.8
7.6
0.4
273.9

295.7
14.2
0.2
281.2

313.4
25.1
0.6
287.7

311.1
8.0
0.2
302.8

309.9
7.3
0.3
302.3

341.0
28.8
0.3
311.9

338.0
17.7
0.5
319.8

348.2
15.2
0.4
332.6

344.6
6.6
0.5
337.6

358.1
9.7
0.6
347.7

361.8
7.2
0.4
354.3

22
23
24

6.8
2,7
4.1

3.7
2.7
0.9

2.9
2.8

3.2
3.0
0.2

3.7
3.1
0.6

4.2
3.2
1.0

4.0
3.3
0.7

5.4
3.3
2.0

4.6
3.4
1.2

4.7
3.4
1.3

6.0
3.5
2.5

5.9
3.6
2.3

X

Credit market instruments
U.S. government securities
Treasury
Agency
Acceptances
Bank loans n.e.c.
Miscellaneous assets

Checkable dep. and currency
Due to U.S. government
Due to rest of the world
Currency outside oanks

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

18
19
20
21

Miscellaneous liabilities
22
Federal Reserve Bank stock 23
24
Other

(1) Assets and liabilities of Federal Reserve 3anks and Treasury
monetary accounts that supply or absorb bank reserves.
Excludes
'the accounts of the Federal Reserve Board.
L.lll Commercial Banking (2)
4058.9 Total financial assets
2.0
Checkable dep. and currency
3271.4
Total bank credit
741.8
U.S. government securities
313.1
Treasury
428.7
Agency

1
2
3
4
5
6

3443.4
1.8
2873.0
568.2
232.5
335.7

3492.3
1.7
2910.1
601.8
255.9
345.9

3537.4
1.6
2933.6
624.9
267.0
357.9

3611.5
1.5
2984.0
658.8
287.5
371.3

3657.0
1.3
3013.2
672.9
294.4
378.5

3633.6
1.2
3016.2
708.6
310.2
398.4

3744.9
1.0
3069.2
715.8
307.2
408.6

3804.2
0.9
3107.3
730.9
313.9
417.1

3895.6
1.0
3177.1
745.4
322.2
423.2

3948.3
1.2
3201.3
770.6
344.9
425.7

4013.8
1.5
3232.9
760.1
330.8
429.4

7
8

103.2
96.3

100.7
94.5

98.9
93.1

99.0
96.3

97.5
94.7

95.9
98.5

96.6
97.7

99.2
99.1

99.2
98.2

99.6
97.3

99.3
93.7

98.6
101.0

9
10
11
12
13
14

2097.0
881.3
372.4
785.9
10.6
46.8

2104.2
886.3
361.3
774.4
10.5
71.6

2108.4
890.5
359.1
776.8
10.1
71.9

2121.5
897.2
360.4
774.2
9.1
30.6

2139.8
900.6
365.5
776.6
9.2
88.0

2104.4
898.0
362.7
755.4
8.6
79.6

2150.4
917.6
370.9
765.5
7.1
89.3

2169.3
929.6
383.8
761.0
6.5
88.4

2223.5
947.7
399.5
768.4
7.3
100.7

2224.3
945.4
401.9
775.4
5.7
95.9

2265.7
964.4
417.8
787.5
5.4
90.6

2320.9
989.0
439.3
803.5
5.2
84.0

15
16

3.7
4.5

4.5
4.4

4.0
4.4

4.4
4.1

3.4
4.9

3.7
5.1

3.4
5.3

3.8
5.6

3.9
7.0

3.0
6.5

2.3
6.8

2.0
6.9

17
18
19
20

35.3
33.6
26.5
473.2

31.7
29.3
26.4
493.1

31.4
29.7
20.1
521.0

30.7
30.2
24.9
540.2

31.7
31.9
29.0
550.0

28.9
30.6
31.7
575.2

27.5
32.2
24.5
590.4

26.3
31.7
26.7
610.7

25.3
32.7
31.5
623.1

24.3
31.4
32.5
657.6

23.9
34.4
30.2
690.8

24.7
31.3
27.1
702.4

Tax-exempt securities
Corporate & foreign bonds

3362.8

3361.3

3414.8

3436.2

3527.2

3540.3

3601.1

3659.7

3736.6

3801.9

3370.9

621.3
36.4
19.8
565.0

604.8
16.7
19.4
568.7

637.6
36.1
21.2
580.3

657.2
38.2
22.4
596.6

714.3
30.6
22.1
661.7

674.6
18.8
21.1
634.8

718.2
36.5
21.1
660.6

732.5
38.4
24.9
669.2

788.4
42.6
21.2
724.6

764.3
39.8
22.6
701.9

760.5
42.9
23.9
693.7

734.7
30.4
23.2
681.1

26
27
28

1386.5
399.6
229.6

1397.4
387.6
269.1

1390.6
361.9
275.6

1388.0
354.7
272.0

1389.3
332.8
272.0

1390.6
333.0
296.6

1385.2
323.1
298.6

1378.5
311.7
319.2

1377.4
311.7
313.5

1384.4
303.5
340.6

1377.9
301.0
364.5

1376.7
322.9
370.2

29
30
31
32

33.4
1.2
-4.2
36.3

20.6
0.6
-1 .8
21 .3

37.8
1.2
-4.0
40.6

63.0
0.4
-5.0
67.6

68.8
3.9
-9.3
74.2

70.6
1.1
-5.8
75.3

84.4
1.8
-5.7
88.3

103.7
3.8
-7.3
107.7

107.5
1.0
-4.7
111.3

134.4
0.9
-7.7
141.2

156.1
1.6
-7.4
161.9

33
34
35
36

177.3
113.2
62.1
2.0

178.8
116.2
59.7
3.0

178.9
117.9
56.5
4.5

183.3
122.7
55.0
5.6

188.4
127.6
54.4
6.4

193.0
131.4
53.4
8.2

196.8
133.3
52.5
11.0

198.2
134.2
50.0
14.0

202.3
134.9
51.9
16.1

202.7
134.5
51.3
16.3

37
38

0.5
514.7

0.6
502.4

0.6
531.8

0.7
567.2

0.7
560.8

0.8
581.1

0.9
593.9

1 .1
614.9

1.2
634.0

39

2853.3

2361.3

2834.7

2925.6

2948.6

2956.6

2998.8

3036.4

3090.8

9
10
11
12
13
14

Mutual fund shares
Corporate equities

15
16

Cust. liabs. on acceptances
Vault cash
Reserves at Federal Reserve
Miscellaneous assets




17
18
19
20
21

Checkable deposits
U.S. government
Rest of the world
Private domestic

22
23
24
25

Small time and savings dep.

Fed. funds and security RPs

26
27
28

177.6
0.7
-3.5
180.4

Net interbank claims
To monetary authority
To domestic banks (3)
To foreign banks

29
30
31
32

208.4
135.1
53.0
20.3

216.7
136.4
56.7
23.6

Credit market instruments
Corporate bonds
Open market paper
Fed. Home Loan Bank loans

33
34
35
36

1.4
670.7

1.5
700.9

1.7
730.9

Taxes payable
Miscellaneous liabilities

37
38

3120.2

3157.1

Large time deposits

3203.1 Memo: Cred. mkt.

funds adv.(4) 39

(2) U.S.-chartered commercial banks, foreign banking offices in U.S.,
bank holding companies, and banks in U.S.-affiliated areas.
IBFs are excluded from domestic banking and treated the same 3S
branches in foreign countries.
(3) Floats and discrepancies in interbank deposits and loans.
(4) Total bank credit (line 3) less security credit (line 14)
less mutual fund shares (line 15) less corporate equities (line 16)
plus customer liabilities on acceptances (line 17).
3ILLI0NS OF DOLLARS, END OF PERIOD

7
8

Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open market paper
Security credit

3931.4 Total liabilities

21

22
23
24
25

1
2
3
4
5
6

DECEMBER 7, 1994
Commercial Banking Subsectors

Commercial Banking Subsectors

87

L.112-L.113 Commercial 3anking Subsectors

LEVELS, 1979-1990

LEVELS, 1979-1990
1979

1980

1981

1983

1982

1984

1985

1986

1987

1988

1989

1990

L.112 U.S. -Chartered Commercial Banks

1 Total financial assets
Total bank credit
2
3
U.S. government securities
4
Treasury
Agency
5
Mortgage pool secur.
6
7
Agency-issued CMOs
8
Other agency secur.

1173.4
1088.2
143.5
92.7
50.8
50.8

1266.1
1171.1
168.5
107.9
60.5
60.5

1365.0
1262.5
179.9
109.7
70.1
70.1

1471.5
1364.0
206.8
129.2
77.6
77.6

1601.8
1497.9
251.0
172.7
78.3
78.3

1798.8
1664.1
252.3
175.2
77.1
26.4
50.7

1990.2
1847.5
256.9
182.6
74.2
24.0
50.3

2166.0
2011.4
299.2
188.5
110.7
49.6
61.1

2257.1
2108.4
324.1
185.4
138.6
71.9
66.7

2384.9
2237.5
343.9
176.0
167.9
86.7
81.2

2545.3
2390.6
377.9
155.7
222.1
123.2
98.9

2644.2
2481.4
432.3
157.4
274.9
144.7
54.8
75.4

1
2
3
4
5
6
7
8

9
10
11
12
13

Tax-exempt securities
Corporate 8 foreign bonds
Private mtg. pool secs.
Privately issued CMOs
Other bonds

134.2
5.9
5.9

147.4
6.4
6.4

153.1
6.4
6.4

157.5
8.1
8.1

161.3
11.7
11.7

173.9
15.0
0.4
14.6

231.1
17.2
0.4
16.9

202.8
35.6
3.7
31.9

173.7
56.3
3.8
52.5

150.9
68.6
3.1
65.5

133.2
61.8
3.5
58.3

116.8
65.4
3.2
62.2

9
10
11
12
13

14
IS
16
17
18
19

Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open market paper
Security credit

804.6
242.6
186.4
346.8
10.1
18.8

848.9
258.7
180.2
379.1
11.0
19.9

923.2
278.0
184.2
425.7
10.7
24.6

991.6
294.2
190.9
469.7
11.7
25.1

1073.9
323.5
213.7
497.1
12.6
27.0

1222.9
372.0
258.8
548.7
11.7
31.7

1342.3
421.4
296.3
577.5
8.5
38.5

1473.8
491.7
321.1
620.8
7.5
32.5

1554.4
575.1
337.6
603.3
9.0
29.4

1674.0
644.2
370.7
621.7
8.3
29.0

1810.8
729.7
385.1
655.1
7.8
33.2

1862.3
799.3
387.0
640.2
8.5
27.8

14
15
16
17
18
19

20
21

Mutual fund shares
Corporate equities

22
23
24

-

2.2
4.7

1.9 20
2.2 21

26.5
60.5
60.4

21.3
58.7
74.7

17.2 22
66.7 23
78.9 24

2303.7
535.5
21.6
17.2
496.7

2470.4
551.3
29.0
16.7
505.7

26*20.4
547.8
25.6
17.1
505.1

2722.9
569.5
30.9
16.7
521.8

-

-

-

-

-

-

26.1
47.7
11.3

32.0
46.5
16.5

40.2
42.4
19.9

47.2
44.0
16.3

51.8
40.1
12.0

48.9
42.5
43.2

37.9
48.2
56.6

30.6
65.5
58.4

29.6
59.5
59.6

1165.8
317.5
14.5
17.0
286.0

1257.7
328.2
11.9
16.9
299.4

1381.3
343.0
10.8
13.9
318.3

1528.0
363.9
16.9
11.6
335.4

1674.8
379.4
11.5
12.8
355.1

1837.4
409.7
15.5
15.9
378.2

2026.5
461.4
25.8
16.0
419.7

2200.0
554.6
27.5
18.7
508.4

Cust. liabs. on acceptances
Vault cash and res. at F.R.
Miscellaneous assets

25 Total liabilities
26
Checkable deposits
U.S. government
27
28
Rest of the world
29
Private domestic

-

-

-

25
26
27
28
29

30

Small time 8 savings dep.

428.8

473.6

513.7

611.4

742.2

816.8

897.2

968.7

996.1

1069.2

1165.7

1287.5 30

31
32

Large time deposits
Fed. funds 8 sec. RPs, net

204.5
94.3

243.8
114.8

287.7
129.6

289.6
138.8

250.8
150.1

284.7
152.0

295.6
178.8

289.0
189.6

326.7
201.4

361.9
217.7

385.8
253.3

365.4 31
219.7 32

33
34
35
36
37

Net interbank claims
Federal Reserve float
Borrowing from F.R. banks
To domestic banks
To foreign banks

-17.5
6.8
1 .5
-18.9
-6.8

-57.2
4.5
1.8
-33.1
-30.4

-78.7
1.8
1.6
-46.5
-35.6

-76.9
2.7
0.7
-48.1
-32.2

-68.7
1.6
0.9
-46.6
-24.5

-64.4
0.9
3.6
-43.0
-25.7

-56.6
1.0
3.1
-45.5
-15.2

-64.7
1.3
1.6
-49.7
-17.8

-42.2
0.8
3.8
-47.2
0.3

-38.3
1.3
2.2
-44.5
2.7

-57.9
1.1
0.5
-56.5
-3.0

-51.3
2.6
0.2
-69.0
14.5

33
34
35
36
37

38
39
40
41

Corporata bonds
Acceptance liabilities
Fed. Home Loan 3ank loans
Taxes payable

6.1
27.3
1.4

6.3
33.6
0.8

6.2
42.1
0.5

6.3
51.6
0.4

6.6
54.6
0.3

10.1
51.1
0.3

14.6
40.2
0.4

16.8
31.5
0.4

17.5
30.5
0.4

17.2
27.2
0.6

20.0
22.0
0.8

24.2
17.6
0.4
0.6

38
39
40
41

42
43
44

Miscellaneous liabilities
Inv. by bank holding cos.
Other

103.4
60.4
43.0

113.7
67.2
46.5

137.3
85.9
51.3

142.4
102.1
40.3

159.3
117.6
41.8

177.0
136.4
40.5

195.0
152.1
42.9

214.1
168.8
45.3

237.9
172.6
65.3

263.5
193.8
69.7

282.9
202.4
80.5

289.9 42
207.8 43
82.1 44

Credit mkt. funds adv.

1095.6

1183.2

1278.1

1386.1

1522.7

1681.4

1846.9

2009.4

2108.6

2235.0

2371.9

2466.7 45

45 Memo:

L.113 Foreign Banking Offices in U.S.

1 Total financial assets
Total bank credit
2
3
U.S. government securities
4
Treasury
5
Agency
6
Tax-exempt securities
7
Corporate bonds

(1)

76.3
69.5
2.4
2.0
0.4
0.2
0.7

98.1
87.4
2.9
2.5
0.4
0.4
0.7

121.5
97.4
3.5
2.9
0.6
0.3
1.0

107.6
72.7
4.3
3.8
0.6
0.3
0.7

108.6
74.6
6.0
5.4
0.6
0.2
1.1

121.6
31.9
5.4
4.8
0.6
0.1
2.8

144.3
102.0
5.9
4.8
1.1
6.3

186.4
135.4
9.5
6.9
2.6
11.3

235.6
160.9
10.3
6.5
3.8
14.4

266.1
189.5
11.5
6.6
4.9
13.7

359.5
213.3
11.7
6.4
5.2
14.7

367.6
250.9
18.6
11.4
7.2
17.7

1
2
3
4
5
6
7

66.0
0.9
59.8
4.0
1.4
0.1

83.3
2.2
75.3
4.8
1.0
0.1

92.5
3.9
81.1
5.8
1.6
0.1

67.3
5.0
56.1
5.1
1.2
0.1

67.3
5.2
58.7
1.7
1.6
0.1

73.6
5.6
64.4
0.9
2.8

89.7
5.7
75.8
1.2
7.0
0.1

114.5
8.7
97.7
1.0
7.1
0.1

136.2
13.9
115.1
2.2
5.0

164.3
22.1
135.6
1.7
4.9

186.9
30.2
149.6
2.1
5.0

214.6
45.5
156.5
4.1
8.4
*

8
9
10
11
12
13

Cust. liabs. on acceptances
Reserves at Federal Reserve
Miscellaneous assets

6.3
0.6
-.1

7.8
0.7
2.1

10.9
1.3
11.9

11.6
1.7
21.6

13.9
1.0
19.1

20.5
1.3
17.9

22.1
2.0
18.1

23.8
2.6
24.6

30.2
2.2
42.2

31.0
1.1
44.5

34.0
1.0
111.2

17 Total liabilities
Checkable deposits
18
19
Small time and savings dep.
20
Large time deposits
21
Fed. funds 8 sec. RPs, net

78.5
14.8
2.3
18.3

101.2
13.7
3.1
25.3

124.8
7.6
4.0
32.1
-

111.2
5.9
4.1
35.8
-

112.5
6.3
3.3
27.1
3.5

125.8
5.2
3.8
31.0
3.2

148.8
7.3
4.9
30.7
7.6

191.3
8.3
7.1
38.3
16.1

240.9
7.6
7.8
42.1
14.4

271.8
8.7
8.3
48.4
18.9

365.7
8.4
12.0
52.9
21.2

22
23
24

Net interbank claims
To foreign banks
To domestic banks

30.8
18.1
12.6

40.6
17.3
23.3

26.2
-10.0
36.3

20.8
-17.9
38.6

24.6
-10.3
34.9

27.7
-5.7
33.3

39.3
0.9
38.4

55.1
17.9
37.2

70.0
40.8
29.2

74.1
42.6
31.5

78.8
38.9
39.9

25
26
27
28
29

Acceptance liabilities
Miscellaneous liabilities
Fgn. direct invest, in US
Due to affiliates
Other

6.8
5.6
2.0
3.6

8.6
9.7
4.6
3.9
1.2

11.9
43.1
6.6
12.6
23.9

13.4
31.1
7.8
17.1
6.2

15.7
32.1
8.7
19.3
4.2

22.9
32.1
10.3
19.6
2.2

24.4
34.5
11.4
22.7
0.4

27.2
39.3
12.4
26.9
N

33.8
65.1
14.4
34.1
16.7

34.4
79.1
16.9
46.9
15.3

35.4
157.1
18.6
49.5
89.0

34.5
154.2
18.4
47.6
88.1

74.3

94.1

106.6

83.1

86.8

99.6

117.1

152.0

186.2

215.6

242.3

270.8 30

8
9
10
11
12
13

14
15
16

Total loans
Mortgages
Bank loans n.e.c.
Open market paper
Security credit
Corporate equities

30 Memo:

Credit mkt.

funds adv.

(1) Branches and agencies of foreign banks, Edge Act and Agreement
corporations, New York investment companies, and American
Express Bank.

3ILLIONS OF DOLLARS, END OF PERIOD.




M

M

M

M

28.3 14
1.2 15
87.2 16
374.3
8.7
11.0
49.2
29.6

17
18
19
20
21

87.1 22
46.7 23
40.3 24

25
26
27
28
29

DECEMBER 7, 1994
Commercial Banking Subsectors

Commercial Banking Subsectors
L.112-1.113 Commercial Banking Subsectors

88
LEVELS, 1991-1994

LEVELS, 1991-1994
1991
IV

I
I

1992

I

II

IV

III

I
I

1993
I

II

IV

III

I
1

I

1994
II

III

L.112 U.S. -Chartered Commercial Banks
3064.8 Total financial assets
Total bank credit
2875.3
U.S. government securities
664.5
Treasury
266.1
398.3
Agency
182.9
Mortgage pool secur.
123.9
Agency-issued CMOs
Other agency secur.
91.5

1
2
3
4
5
6
7
8

1
2
3
4
5
6
7
a

2677.3
2528.0
529.0
207.8
321.2
153.7
89.4
78.1

2712.6
2567.5
561.4
230.2
331.2
156.0
97.6
77.6

2709.3
2573.0
577.3
236.0
341.3
154.6
105.6
81.1

2753.0
2608.9
606.1
252.7
353.4
153.2
119.5
80.7

2775.2
2624.9
614.5
254.3
360.1
155.5
122.7
81.9

2792.1
2642.9
645.2
268.2
377.0
163.3
129.5
84.2

2827.5
2685.4
650.5
264.5
385.9
167.0
136.4
82.5

2873.4
2729.2
664.1
270.8
393.3
169.8
137.5
86.1

2932.4
2783.6
671.3
275.0
396.3
173.2
133.8
89.3

2996.5
2805.9
688.9
294.0
394.9
178.1
132.1
84.7

3040.3
2837.4
679.0
280.5
398.4
183.7
127.4
87.4

9
10
11
12
13

102.7
69.7
3.5
28.2
38.0

100.2
68.8
3.4
26.6
38.8

98.3
67.2
3.3
23.9
40.0

98.4
68.3
3.3
23.5
41.6

97.0
66.6
3.8
21.6
41.1

95.4
69.5
5.3
21.6
42.7

96.3
68.2
5.3
20.8
42.1

98.9
67.7
4.6
21.9
41.2

98.9
66.6
4.7
19.8
42.1

99.3
65.4
4.9
20.3
39.6

98.9
64.2
4.6
20.6
39.0

98.1
64.3
4.8
20.2
39.3

14
15
16
17
IS
19

1818.4
821.8
372.4
586.7
7.5
30.0

1828.2
326.8
361.3
576.9
6.3
56.9

1821.8
330.6
359.1
572.1
5.6
54.4

1827.6
837.9
360.4
567.0
5.9
56.3

1838.6
843.0
365.5
566.9
5.9
57.3

1823.9
841.5
362.7
557.2
6.5
55.9

1861.9
862.0
370.9
565.1
5.1
58.9

1889.2
874.9
383.8
565.4
4.9
60.2

1935.9
895.4
399.5
574.8
4.9
61.4

1942.8
894.4
401.9
579.3
3.9
63.2

1986.1
914.3
417.8
592.2
3.5
58.4

2039.5
939.9
439.3
602.3
3.3
54.7

20
21

3.7
4.5

4.5
4.4

4.0
4.4

4.4
4.1

3.4
4.8

3.7
S.l

3.4
5.1

3.8
5.6

3.9
7.0

3.0
6.5

2.3
6.8

2.0
6.9

22
23
24

12.6
59.2
77.5

12.3
54.9
77.9

11.7
49.3
75.7

12.6
53.9
77.6

12.6
60.2
77.5

11.2
61.1
76.9

10.5
55.9
75.7

10.5
57.0
76.7

10.1
63.2
75.4

10.6
63.3
116.8

10.4
63.3
128.7

10.8
57.8
121.0

25
26
27
28
29

2777.7
607.1
36.4
14.5
556.2

2769.3
591.5
16.7
13.8
561.1

2784.3
624.0
36.1
15.6
572.3

2832.7
643.1
38.2
16.7
538.3

2856.8
700.2
30.6
16.3
653.4

2869.4
660.4
18.8
15.5
626.1

2912.9
703.6
36.5
15.0
652.1

2964.8
717.2
* 38.4
18.8
660.0

3021.3
773.9
42.6
15.5
715.8

3100.0
749.3
39.8
17.1
692.5

3151.5
745.9
42.9
18.4
684.6

3191.0 Total liabilities
720.0
Checkable deposits
30.4
U.S. government
17.6
Rest of the world
672.0
Private domestic

30

1367.5

1378.9

1371.2

1369.2

1369.6

1370.8

1364.9

1360.3

1358.7

1366.0

1359.0

1359.0

Small time 8 savings dep.

30

31
32

292.3
192.6

273.3
233.2

251.7
225.3

238.6
236.3

216.1
234.2

212.3
264.2

203.2
263.2

199.7
288.8

196.1
279.6

196.2
306.0

196.0
328.2

203.0
338.3

Large time deposits
Fed. funds 8 sec. RPs, net

31
32

33
34
35
36
37

-40.8
1.0
0.2
-47.9
5.9

-64.3
0.5
0.1
-45.7
-19.6

-63.5
-.2
1.4
-42.1
-22.6

-44.5
-.2
0.6
-31.6
-13.3

-54.2
3.3
0.7
-33.6
-24.6

-46.6
0.3
0.8
-30.2
-17.5

-46.2
0.2
1.5
-30.5
-17.5

-34.6
0.9
2.9
-23.9
-14.5

-34.4
0.9
0.1
-21.4
-14.0

-22.5
0.4
0.5
-27.9
4.6

4.4
0.9
0.7
-21.4
24.3

25.6
0.2
0.5
-14.0
38.9

Net interbank claims
Federal Reserve float
Borrowing from F.R. banks
To domestic banks
To foreign banks

33
34
35
36
37

38
39
40
41

25.2
12.9
2.0
0.5

25.2
12.5
3.0
0.6

27.7
11.9
4.5
0.6

30.4
12.8
5.6
0.7

33.5
12.8
6.4
0.7

34.2
11.4
8.2
0.8

36.7
10.7
11.0
0.9

36.8
10.6
14.0
1.1

37.1
10.2
16.1
1.2

37.0
10.7
16.3
1.4

37.2
10.4
20.3
1.5

38.4
10.8
23.6
1.7

Coroorate bonds
Acceptance liabilities
Fed. Home Loan Bank loans
Taxes payable

38
39
40
41

42
43
44

318.5
227.2
91.3

316.6
223.0
93.6

331.3
235.8
95.6

340.5
244.0
96.5

337.5
255.0
32.5

353.7
263.2
90.5

364.8
270.9
93.9

370.9
279.1
91.8

382.7
286.6
96.1

437.4
29 0.7
146.7

448.6
293.2
155.5

47 0.5
297.0
173.5

Miscellaneous liabilities
Inv. by bank holding cos.
Other

42
43
44

45

2502.5

2514.0

2521.9

2556.7

2571.9

2589.4

2628.5

2670.2

2721.5

2743.8

2780.3

Credit mkt. funds adv.

45

L.113 Foreign Banking Offices in U.S.

Tax-exempt securities
Corporate 8 foreign bonds
Private mtg. pool secs.
Privately issued CMOs
Other bonds

9
10
11
12
13

Total loans
Mortgages
Consumer credit
Bank loans n.e.c.
Open market paper
Security credit

14
15
16
17
18
19

Mutual fund shares
Corporate equities

20
21

Cust. liabs. on acceptances
Vault cash and res. at F.R.
Miscellaneous assets

2822.4 Memo:

22
23
24
25
26
27
28
29

(1)

1
2
3
4
5
6
7

1
2
3
4
5
6
7

439.1
313.4
32.0
20.8
11.2
21.4

446.6
308.6
30.4
18.7
11.7
20.8

482.3
326.0
37.1
23.6
13.5
20.7

496.9
335.2
39.1
25.3
13.8
22.3

511.5
347.4
43.7
29.6
14.1
22.4

511.9
332.7
48.8
31.8
17.0
23.1

521.9
340.6
49.7
31.7
18.0
22.7

528.5
334.6
50.9
31.9
19.0
23.6

545.9
350.2
57.6
36.1
21.5
23.8

529.1
350.9
64.3
39.2
25.1
23.3

548.6
350.4
64.4
39.6
24.8
26.0

557.4 Tot3l financial assets
Total bank credit
351.1
61.4
U.S. government securities
Treasury
37.4
Agency
24.0
Tax-exempt securities
Corporate bonds
28.0

8
9
10
11
12
13

260.0
54.3
185.8
3.1
16.8
*

257.5
54.2
184.3
4.2
14.7

268.2
54.4
191.8
4.5
17.5

273.8
53.5
192.8
3.2
24.3

281.3
51.6
195.7
3.3
30.7
*

260.7
50.2
184.7
2.1
23.7

268.1
49.0
186.6
2.0
30.4
0.2

26 0.0
47.8
182.5
1.5
28.1

268.8
45.1
182.0
2.4
39.3
*

262.3
43.5
184.7
1.8
32.8
*

260.0
42.5
183.4
1.9
32.2

261.7
41.4
189.1
1.9
29.3

14
15
16

22.7
0.9
102.1

19.5
0.8
117.7

19.7
0.5
136.1

13.1
1.2
142.4

19.1
0.7
144.4

17.6
1.2
160.3

17.0
0.9
163.4

15.8
1.5
176.7

15.1
1.0
179.7

13.7
0.6
164.3

13.5
0.8
183.9

13.9
0.6
191.7

Cust. liabs. on acceptances
Reserves at Federal Reserve
Miscellaneous assets

14
15
16

17
18
19
20
21

446.4
8.9
11 . 0
99.3
38.4

454.0
8.0
10.4
106.2
36.6

489.8
8.1
11.2
102.0
51.8

504.5
8.4
10.5
107.7
37.1

519.3
8.3
11.2
108.2
39.0

519.8
8.3
11.3
112.3
33.1

530.1
8.5
12.0
111.5
36.1

536.9
9.2
9.9
103.7
30.6

554.4
8.3
10.4
107.4
34.7

537.3
8.8
10.2
99.0
32.3

557.4
8.6
10.6
96.7
37.1

566.4 Total liabilities
8.8
Checkable deposits
Small time and savings dep.
9.3
Large time deposits
111.5
Fed. funds 3 sec. RPs, net
32.6

17
18
19
20
21

22
23
24

88.9
41.1
47.8

106.1
56.5
49.6

117.7
74.0
43.7

121.6
89.4
32.2

134.2
103.4
30.8

133.7
103.3
30.4

141.5
111.8
29.7

151.3
130.3
21.0

151.9
133.5
18.5

167.3
145.5
21.8

165.5
151.1
14.3

162.9
151.8
11.0

Net interbank claims
To foreign banks
To domestic banks

22
23
24

25
26
27
28
29

24.9
175.0
24.3
30.3
120.4

23.1
163.4
24.6
33.4
105.4

22.0
177.1
24.6
33.2
119.3

20.1
199.2
25.2
28.1
145.9

21.2
197.2
26.3
21.5
149.4

19.3
201.8
27.4
26.1
143.3

18.2
202.3
28.6
26.0
147.7

16.5
215.7
29.2
24.5
162.0

16.0
225.6
31.0
23.8
170.8

14.4
205.3
31.7
23.8
149.7

14.2
224.3
32.5
23.8
163.5

14.7
226.7
33.2
30.0
163.5

Acceptance liabilities
Miscellaneous liabilities
Fgn. direct invest, in US
Due to affiliates
Otner

25
26
27
28
29

30

319.2

313.3

328.2

328.9

335.8

326.7

327.1

322.3

326.0

331.8

331.7

335.7 Memo:

K

N

M

M

N

M

K

Total loans
Mortgages

Bank loans n.e.c.
Open market paper
Security cradit
Corporate equities

Credit mkt. funds adv.

(1) Branches and agencies of foreign banks, Edge Act and Agreement
corporations, New Vork Investment companies, and American
Express Bank.
BILLIONS OF DOLLARS, END OF PERIOD.




8
9

10
11
12
13

30

DECEMBER 7, 1994
Commercial Banking Subsectors, Continued

Commercial Banking Subsectors, Continued

L.114-L.115 Commercial Banking Subsectors, Continued

89
LEVELS, 1979-1990

LEVELS, 1979-1990

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.114 Bank Holding Companies

1 Total financial assets
2
3
4
5
6
7

Credit market instruments
U.S. government securities
Treasury
Agency
Corporate bonds
Bank loans n.e.c.

8
9
10
11

Miscellaneous assets
Inv. in bank subsidiaries
Inv. in nonbank subs.
Other

12 Total liabilities

94.2

103.1

114.2

134.2

155.7

186.4

219.2

2*5.8

261.6

279.7

303.4

298.4

1

8.0
1.1
0.3
0.8
2.6
4.2

7.6
1.2
0.3
0.9
2.7
3.7

8.0
1.2
0.3
0.8
2.7
4.1

5.8
0.8
0.2
0.6
1.9
3.1

7.2
1.3
0.4
1.0
3.1
2.7

8.1
1.6
0.4
1.2
3.7
2.8

11.8
2.9
0.8
2.1
6.8
2.1

11.5
2.4
0.6
1.7
5.5
3.6

13.5
2.8
0.7
2.1
6.5
4.1

13.4
2.9
0.8
2.1
6.7
3.9

16.2
3.2
0.9
2.4
7.5
5.5

13.4
2.6
0.7
1.9
5.6
5.3

2
3
4
5
6
7

86.2
60.4
24.1
1.8

95.5
67.2
26.9
1.4

106.3
85.9
18.4
1.9

128.5
102.1
24.0
2.4

148.5
117.6
28.1
2.9

178.2
136.4
37.5
4.3

207.3
152.1
51.1
4.2

234.3
168.8
59.5
6.0

248.2
172.6
68.3
7.3

266.3
193.8
65.9
6.6

287.2
202.4
76.0
8.8

285.0 8
207.8 9
55.2 10
22.0 11

35.7

38.3

37.2

42.1

46.3

63.5

81.9

104.0

124.7

127.0

140.4

126.4 12

M

13

Pad funds & sec. RPs, net

14
15
16

Net interbank claims
To domestic banks
To foreign banks

-3.9
-2.0
-1.9

-6.0
-1.9
-4.0

-17.2
-7.1
-10.2

-20.9
-8.6
-12.3

-31.1
-15.7
-15.5

-29.2
-13.2
-16.1

-27.8
-11.2
-16.6

-27.2
-11.9
-15.3

-22.0
-10.2
-11.8

-25.6
-15.5
-10.1

-22.6
-14.3
-8.3

-11.2 14
-3.4 15
-7.9 16

17
18
19

Credit market instruments
Corporate bonds
Commercial paper

36.1
15.8
20.4

42.8
16.9
25.9

52.8
19.9
33.0

60.1
25.6
34.6

73.5
35.5
38.0

89.5
45.4
44.1

106.2
59.8
46.4

116.8
73.7
43.1

131.1
86.5
44.6

136.2
91.8
44.4

142.5
93.7
48.8

114.8 17
84.7 18
30.1 19

20

Miscellaneous liabilities

3.4

1.5

1.5

2.9

4.0

3.2

3.5

14.4

15.6

16.3

20.6

23.3 20

-

-

-

-

-

-

-

-

-

-

-.4 13

L. 115 Banks in U.S. -Affiliated Areas

1 Total financial assets
2
Checkable dep. and currency
3
4
5
6
7
8
9
10
11
12

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate bonds
Home mortgages
Commercial mortgages
Bank loans n.e.c.
Miscellaneous assets

13 Total liabilities
14
Checkable deposits
15
Small time and savings dep.
16
Large time deposits
17
Miscellaneous liabilities

BILLIONS OF DOLLARS, END OF PERIOD.




11.3
2.4

14.4
2.8

17.9
2.9

17.6
3.4

21.1
3.6

20.3
4.1

22.6
4.5

21.4
4.4

20.1
3.6

21.7
3.0

23.8
2.6

28.3
2.5

1
2

4.0
0.7
0.7
1.1
0.5
1.1
0.6
4.8

5.0
0.8
0.8
1.0
1.0
1.2
0.6
0.4
6.6

5.5
0.8
0.8
0.6
0.6
1.2
1.1
1.2
9.5

7.9
0.9
0.9
0.6
0.4
1.0
1.1
3.9
6.3

9.5
1.1
1.1
0.6
0.3
1.1
0.7
5.7
8.0

11.0
1.1
1.1
0.6
0.4
1.2
0.7
7.0
5.2

13.7
1.2
1.2
0.6
0.7
1.3
0.8
9.1
4.4

14.6
1.7
1.7
0.6
0.9
1.3
0.8
9.3
2.4

14.7
1.7
1.7
0.6
0.9
1.5
0.9
9.1
1.8

15.5
2.3
1.9
0.4
0.7
*
1.7
1.2
9.6
3.2

17.1
3.0
2.2
0.3
0.6
0.1
1.9
1.8
9.7
4.1

21.6
3.4
2.5
0.9
0.6
2.0
2.5
13.0
4.2

3
4
5
6
7
8
9
10
11
12

11.1
5.7
2.8
2.8
-.3

14.1
5.8
3.2
3.2
1.9

17.5
5.9
4.4
4.4
2.7

17.2
6.0
4.5
4.5
2.2

20.6
5.1
5.4
5.4
4.7

19.8
4.6
5.4
5.4
4.3

22.1
4.9
5.8
5.8
5.6

20.7
5.4
6.3
6.3
2.9

19.5
5.4
6.2
6.2
1.8

21.0
5.6
6.4
6.4
2.4

22.9
6.1
7.0
7.0
2.9

27.4
5.4
9.1
9.1
3.9

13
14
15
16
17

M

DECEMBER 7, 1994
Commercial Banking Subsectors, Continued

Commercial Banking Subsectors, Continued

L.114-L.115 Commercial Banking Subsectors, Continued
LEVELS,

90
LEVELS, 1991-1994

1991-1994

1991 I
IV
I

1992

I

II

III

IV

I
I

1993
I

II

III

IV

I
I

I

1994
II

III

L.114 Bank Holding Companies

1

301.9

307.4

318.9

334.6

342.6

351.4

366.9

373.2

388.0

392.7

394.4

2
3
4
5
6
7

11.9
3.4
1.0
2.4
5.1
3.4

13.6
5.7
3.9
1.8
4.7
3.1

13.1
5.5
3.9
1.6
4.9
2,8

17.5
7.8
5.5
2.3
5,4
4.2

17.5
8.3
6.1
2.2
5.4
3.7

16.4
7.7
5,5
2.2
5.4
3.3

18.4
8.3
5.9
2.4
6.2
3.9

18.7
8.1
5.6
2.5
7.2
3.4

17.5
3.4
5.3
3.1
7.2
1.9

18.2
9.2
5.6
3.4
7.3
1.7

18.3
8.6
4.8
3.7
7.5
2.2

17.7
7.9
4.0
3.9
7.6
2.2

8
9
10
11

299.0
227.2
40.6
22.2

293.8
223.0
36.2
34.6

305.8
235.8
38.7
31.2

317.1
244.0
42.4
30.7

325.1
255.0
43.0
27.0

335.0
263.2
38.1
33.7

348.5
270.9
47.2
30.4

354.6
279.1
45.3
30.1

370.5
236.6
56.3
27.5

374.5
290.7
54.1
29.6

376.1
293.2
48,0
34.9

387.8
297.0
49.9
40.9

12

114.4

112.6

114.5

122.7

124.2

123.6

130.3

129.8

132.2

134.8

132.1

143.5 Total liabilities

-.7

-.7

-.2

-.8

-.3

-.7

-.7

405.5 Total financial assets

1

Credit market instruments
U.S. government securities
Treasury
Agency
Corporate bonds
Bank loans n.e.c.

2
3
4
5
6
7

Miscellaneous assets
Inv. in bank subsidiaries
Inv. in nonbank subs.
Other

8
9
10
11
12

Fed funcls 8 sec. RPs, net

13

13

-1.4

-.6

-1.5

-1.3

-1.2

14
15
16

-14.7
-4.1
-10.7

-20.7
-5.7
-15.0

-16.3
-5.6
-10.7

-14.1
-5.6
-8.5

-11.2
-6.5
-4.7

-16.5
-6.1
-10.5

-10.9
-4.9
-6.0

-13.0
-4.9
-8.0

-10.0
-1.8
-8.2

-10.4
-1.6
-8.8

-13.8
-.3
-13.5

-10.9
-.5
-10.3

Net Interbank claims
To domestic banks
To foreign banks

14
15
16

17
IS
19

112.3
88.0
24.3

115.0
91.0
24.0

112.7
90.2
22.5

114.4
92.3
22.1

114.6
94.1
20.4

119.9
97.1
22.7

120.2
96.6
23.6

120.3
97.4
22.9

123.4
97.7
25.6

124.2
97.5
26.7

126.3
97.8
28.5

129.2
98.0
31.2

Credit market instruments
Corporate bonds
Commercial paper

17
18
19

20

18.2

18.9

19.7

23.7

22.0

21.0

21.7

22.6

19.6

21.3

20.2

25.8

Miscellaneous liabilities

20

L..115 Banks in U.S.-Affiliated Areas

1
2

25.1
1.8

25.7
1.7

26.4
1.6

27.1
1.5

27,7,
1.3

28.2
1.2

28.6
1.0

28.9
0.9

29.4
1.0

29.9
1.2

30.5
1.5

31.2 Total financial assets
2.0
Checkable dep. and currency

3
4
5
6
7
8
9
10
11
12

19.7
3.8
2.3
1.0
0.5
0.1
2.0
3.2
10.0
3.7

20.4
4.3
3.1
1.2
O.S
0.2
2.2
3.2
10.1
3.6

21.5
5.0
3.5
1.5
0.5
0.3
2.4
3.1
10.2
3.4

22.5
5.8
3.9
1.9
0.5
0.3
2.7
3.0
10.2
3.1

23.4
6.4
4.3
2.1
0.5
0.4
3.0
3.0
10.2
3.0

24.2
6.9
4.7
2.2
0.4
0.5
3.3
2.9
10.1
2.8

24.8
7.4
5.1
2.2
0.3
0.5
3.7
2.9
9.9
2.8

25.3
7.8
5.5
2.3
0.3
0.5
4.0
3.0
9.8
2.7

25.8
8.1
5.8
2.3
0.2
0.6
4.1
3.1
9.7
2.6

26.4
8.2
5.9
2.3
0.3
0.8
4.2
3.3
9.7
2.4

26.8
8.2
5.8
2.4
0.4
0.9
4.1
3.5
9.7
2.2

27.3
8.1
5.6
2.5
O.S
1.1
3.9
3.8
9.9
1.9

13
14
15
16
17

24.3
5.2
8.1
8.1
2.9

24.9
5.3
8.1
8.1
3.5

25.6
5.5
8.2
8.2
3.7

26.3
5.7
3.4
8.4
3.8

26.9
5.8
8.5
8.5
4.2

27.4
5.9
8.4
8.4
4.6

27.8
6.0
8.4
8.4
5.1

28.2
6.1
8.3
8.3
5.6

28.7
6.1
8.2
8.2
6.1

29.3
6.1
8.2
8.2
6.7

29.9
6.1
8.3
8.3
7.3

30.6 Total liabilities
6.0
Checkable deposits
8.4
Small time and savings dep.
8.4
Large time deposits
7.9
Miscellaneous liabilities

BILLIONS OF DOLLARS, END OF PERIOD




i
2

Credit market Instruments
3
U.S. government securities 4
Treasury
5
6
Agency
Tax-exempt securities
7
Corporate bonds
8
Home mortgages
9
Commercial mortgages
10
Bank loans n.e.c.
11
12
Miscellaneous assets

13
14
15
16
17

DECEMBER 7, 1994
Nonbank Finance Summary

Nonbank Finance Summary

L.116-1.117 Private Nonbank Financial Institutions

91
LEVtLS,

1979-1990

LEVELS, 1979-1990
1979

1980

1981

1983

1982

1984

1985

1986

1987

1988

1989

1990

L.116 Private Nonbank Financial Institutions (1)
I Total financial assets
2
Checkable dep. and currency
3
Time and savings deposits
4
Money market fund shares
Fed. funds and security RPs
5
6
Foreign deposits

7
8

2520.2
27.2
58.8
3.9
14.4
5.1

2881.4
29.8
77.1
7.2
18.7
6.8

3185.0
31.9
104.3
19.7
33.8
18.8

3592.8
37.0
131.7
20.3
44.3
23.8

4092.6
36.8
133.3
18.9
53.6
21.9

4640.7
38.3
137.2
24.9
71.6
21.2

5485.9
47.7
163.0
34.3
80.1
19,0

6480.9
57.8
194.8
43.4
86.6
22.2

7054.7
56.0
216.8
43.9
92.1
21.6

7734.4
60.8
241.8
53.2
99.2
29.7

8726.8
63.6
284.9
66.0
119.4
26.4

8965.8
78.4
251.2
97.5
126.2
27.1

1
2
3
4
5
6

11.3
436.8

14.7
536.1

11.6
518.2

16.5
630.1

20.0
795.6

23.8
803.4

37.0
1024.0

79.5
1195.8

94.8
1220.3

97.5
1384.3

119.9
1725.3

140.2
1589.5

7
8

1755.3
183.6
76.7
106.9
121.1
389.1
737.3
135.1
189.0

1941.8
231.9
100.4
131.4
129.8
429.6
784.0
145.6
221.0

2170.3
310.0
144.6
165.4
140.4
453.8
812.6
157.8
295.7

2363.2
448.6
219.1
229.5
160.0
491.6
791.7
167.0
304.2

2623.0
549.3
252.2
297.1
174.7
523.2
860.0
188.6
327.1

3080.7
689.4
338.1
351.2
192.4
596.3
968.9
222.1
411.7

3532.5
835.0
416.7
418.4
242.9
695.0
1058.2
262.7
438.6

4171.7
1093.5
534.4
559.1
325.5
825.5
1131.2
291.0
505.0

4606.4
1244.2
567.6
676.7
347.1
944.6
1205.7
300.3
564.4

5025.1
1266.2
537.9
723.3
372.9
1105.9
1323.0
310.4
646.6

5500.0
1403.1
660.6
742.5
403.2
1224.7
1382.1
347.5
739.4

5769.7
1546.0
735.4
810.6
449.4
1295.3
1329.1
358.3
791.6

9
10
11
12
13
14
15
16
17

17.5
13.6
176.3

24.7
15.6
208.8

0.1
23.0
18.1
235.1

0.4
25.8
20.2
279.5

1.4
34.2
22.9
331.3

2.2
31.8
26.5
379.1

3.9
50.7
29.6
463.9

5.6
57.4
35.4
530.3

4.9
41.8
40.7
615.3

5.3
43.5
49.3
644.3

4.5
42.5
53.3
721.2

3.4
38.8
56.4
787.6

18
19
20
21

2387.6
673.5
45.2
-1.6
922.0
51.8

2735.3
727.0
76.4
1.4
1080.3
61.8

3045.4
752.9
186.2
15.0
1169.1
59.8

3443.9
813.8
219.3
37.9
1386.4
76.9

3921.1
946.3
179.4
35.0
1618.7
112.1

4469.7
1079.5
233.6
68.9
1775.9
136.7

5279.9
1159.4
243.8
64.2
2130.0
240.2

6233.5
1233.0
292.1
93.1
2505.3
413.5

6766.7
1237.4
316.1
76.9
2717.3
460.1

7381.8
1371.6
333.0
82.1
2967.1
478.3

8335.0
1357.8
428.1
122.0
3514.8
566.2

8574.1
1251.2
498.4
123.5
3601.8
602.1

22
23
24
25
26
27

Mutual fund shares
Corporate equities

9
10
11
12
13
14
15
16
17

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate & foreign bonds
Mortgages
Consumer credit
Other loans

18
19
20
21

Reserves at Federal Reserve
Security credit
Trade credit
Miscellaneous assets

22 Total liabilities
23
Thrift deposits
24
Money market fund shares
Security RPs
25
Insurance & pension reserves
26
27
Mutual fund shares

X

28
29
30
31
32
33

Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open market paper
Fed. Home Loan Bank loans

197.6
64.6
2.0
28.0
61.4
41.8

210.9
70.6
1.9
25.7
60.7
49.0

245.4
72.8
1.9
30.8
74.6
65.2

257.3
81.3
2.0
33.3
74.6
66.0

273.3
89.3
2.1
35.8
87.2
59.0

344.4
121.1
2.5
44.8
101.4
74.6

436.1
158.7
2.5
44.6
141.4
38.8

586.3
234.9
2.3
56.9
132.7
108.6

698.8
300.0
3.1
48.6
214.0
133.1

826.3
347.1
3.4
51.4
271.7
152.8

925.7
412.4
3.7
64.9
303.0
141.8

989.6
463.4
4.3
69.6
335.5
116.7

28
29
30
31
32
33

34
35
36
37
38

Security credit
Trade debt
Taxes payable
Inv. in bank pers. trusts
Miscellaneous liabilities

30.5
1.3
3.6
215.2
248.3

37.2
1.7
3.2
244.8
290.6

40.9
2.1
2.2
248.1
323.6

44.1
2.6
2.5
264.2
338.6

49.2
5.1
2.3
293.2
406.5

56.0
5.5
2.1
306.1
461.0

80.5
8.0
2.5
358.3
556.9

83.6
7.6
2.6
404.4
620.2

73.5
6.8
2.4
414.2
713.3

74.8
8.5
2.9
£43.7
788.7

91.4
8.0
3.6
515.1
802.4

98.6
6.1
3.4
522.1
877.4

34
35
36
37
33

(1) Thrift institutions, insurance companies and pension funds, and other
financial institutions.

L.117 Funding Corporations (2)

1 Total financial assets
2
Money market fund shares
Open market paper
3
Miscellaneous assets (3)
4
Invest, in fgn. bkg. off.
5
Invest, in broxersSdealers
6

7 Total liabilities
Credit market instruments
3
9
Corporate bonds
10
Open market paoer
Miscellaneous liabilities
11
Fgn. direct invest, in US
12
Securities loaned (net)
13

1.1
0.6
0.6
-

13.7
0.6
0.6
12.5
3.9
8.6

18.9
1.0
1.0
16.8
12.6
4.2

25.0
1.1
1.1
22.8
17.1
5.7

31.1
2.6
2.6
25.9
19.3
6.7

32.5
2.7
2.7
27.1
19.6
7.5

45.6
3.4
3.4
38.7
22.7
16.0

58.2
6.0
6.0
46.2
26.9
19.4

71.0
7.6
7.6
55.3
34.1
21.7

98.5
11.6
11.6
75.4
46.9
28.5

117.1
19.6
19.6
77.8
49.5
28.3

152.8
35.7
35.7
81.4
47.6
33.8

1
2
3
4
5
6

1.1
1 .1
1.1

13.7
12.5
12.5
I.1
1.1

18.9
16.8
16.8
2.1
2.1

25.0
22.8
22.3
2.3
2.3

31.1
25.9
0.3
25.7
5.2
5.2

32.5
27.1
1.0
26.1
5.4
5.4

45.6
38.7
3.1
35.6
6.9
6.9

53.2
58.7
4.6
54.1
-.4
-12.4
12.0

71.0
79.7
7.2
72.5
-8.8
-23.9
15.1

98.5
117.8
6.2
111.6
-19.2
-42.4
23.2

117.1
130.3
4.9
125.4
-13.2
-52.4
39.3

152.8
145.7
7.7
137.9
7.2
-64.2
71.4

7
8
9
10
11
12
13

(2) Funding subsidiaries, nonbank financial holding companies, 3nd
custodial accounts for reinvested collateral of securities
lending operations.
(3) Due from affilated companies.
BILLIONS OF DOLLARS, END OF PERIOD.




DECEMBER 7, 1994
Nonbank Finance Summary

Nonbank Finance Summary

L.116-L.117 Private Nonbank Financial Institutions

92
LEVELS, 1991-1994

LEVELS, 1991-1994
1991
IV

1
1

1992

I

II

III

IV

I
11

1993

II

I

III

IV

I
1

I

1994
II

III

L.116 Private Nonbank Financial Institutions (1)
1 10071.0 10189.6 10296.3 10582.3 10843.4 11147.4 11364.1 11736.3 12013.6 12060.7 12046.2 12371.4 Total financial assets
89.0
Checkable dep. and currency
88.9
80.7
98.0
73.4
78.9
79.2
90.0
73.1
70.7
76.6
2
73.0
Time and savings deposits
280.1
286.1
293.3
312.6
331.4
,315.9
316.8
316.1
313.1
321.1
317.3
3
316.1
208.7
Money market fund shares
159.0
190.2
202.3
170.1
183.4
132.8
154.8
155.9
136.8
4
124.8
150.7
Fed. funds and security RPs
125.8
130.7
123.5
125.0
129.5
139.4
133.4
119.3
130.3
127.6
139.3
5
123.4
8.3
Foreign deposits
10.1
9.0
16.7
19.1
12.9
11.5
21.6
20.3
21.4
18.8
20.5
6

1
2
3

4
5
6

7
8

7
8

207.3
2118.6

223.0
2115.1

237.0
2142.3

258.5
2189.9

289.2
2347.9

322,7
2462.8

358.8
2509.2

402.1
2639.6

437.2
2745.1

438.3
2726.0

433.6
2685.0

462.2
2889.7

Mutual fund shares
Corporate equities

9
10
11
12
13
14
IS
16
17

6114.2
1755.9
904.7
851.2
494.5
1421.7
1310.3
362.0
769.7

6184.4
1758.9
889.7
369.3
513.9
1453.4
1303.4
358.0
796.8

6270.9
1804.6
914.5
890.1
528.3
1502.5
1283.4
357.6
794,5

6408.2
1864.9
959.9
905,0
544,2
1541.4
1293.3
363.5
800.9

6449.8
1885.4
982.6
902.9
566.1
1570.3
1277.4
372.1
778.5

6567.4
1930.6
1005.3
925.4
590.4
1625.6
1263,2
361.7
790.9

6720.2
1982.6
1023.1
959.5
612.3
1671.2
1285.7
363.4
804.9

6866.9
2039.9
1014.5
1025.4
634.9
1738.9
1294.7
371.6
786.9

6955.5
2049.5
1031.6
1017.8
656.9
1763.6
1283.9
386.6
815.1

6971.4
2008.5
979.6
1028.9
675.6
1791.8
1267.2
386.9
841.3

7000.8
1989.0
963.1
1025.8
674.3
1791.5
1260.4
400.5
885.0

7045.7
1991.5
950.0
1041.5
677.4
1800.7
1266.1
414.6
895.4

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate 8 foreign bonds
Mortgages
Consumer credit
Other loans

9
10
11
12
13
14
15
16
17

18
19
20
21

2.9
55.1
60.4
852.9

3.1
51.2
61.1
865.6

2.6
56.3
60.9
851.7

2.8
55.8
61.4
919.6

3.1
53.3
62.9
941.7

2.8
59.1
63.3
950.9

3.2
58.7
64.0
946.3

3.2
66.6
63.8
982.5

3.4
75.9
65.8
1011.8

3.2
76.5
66.4
1056.4

3.2
75.7
66.1
1075.8

2.9
72.2
67.6
1115.5

Reserves at Federal Reserve
Security credit
Trade credit
Miscellaneous assets

18
19
20
21

22
23
24
25
26
27

9619.6
1158.8
539.6
126.3
4256.1
813.9

9740.2
1144.7
572. 0
99.3
4271.6
860.4

9833.3 10126.3 10386.2 10662.3 10860.7 11219.6 11481.3 11518.6 11510.5 11826.8 Total liabilities
1025.4
1010.6
Thrift deposits
1122.4
1067.4 1056.5 1047.3
1103.3 1095.7
1040.9
1040.0
576.4
Money market fund shares
582.4
586.1
556.9
552.9
543.6
547.9
559.4
556.6
549.8
163.7
Security RPs
131.8
145.8
148.0
151.8
153.3
144.2
119.8
120.2
149.6
Insurance 8 pension reserves
4471.9
5027.0 5011.9 5136.1
4334.6
4634.5 4785.4 4844.7 4997.7 5071.1
1439.0
1443.1
1563.7
Mutual fund shares
924.4
965.6
1134.6
1225.3 1342.4 1429.3
1042.1

28
29
30
31
32
33

1010.6
526.9
4.8
78.4
323.6
77.0

1037.3
543.6
5.0
81.8
333.5
73.3

1054.4
562.6
5.0
80.3
334.0
72.4

1082.8
578.9
5.1
84.6
339.6
74.5

1096.4
597.1
5.4
80.5
339.9
73.5

1098.3
619.6
5.7
70.3
325.9
76.7

1125.4
641.5
6.0
73.3
323.5
81.1

1161.3
676.3
7.6
69.2
323.2
84.9

1213.3
709.2
8.9
66.5
341.6
37.1

1255.2
744.8
9.0
60.3
357.0
84.1

1263.1
759.9
9.1
48.9
356.9
88.2

1234.5
774.7
9.2
44.5
363.4
92.6

Credit market instruments
Corporate bonds
Mortgages
Bank loans n.e.c.
Open market paper
Fed. Home Loan 3ank loans

28
29
30
31
32
33

34
35
36
37
38

133.8
6.8
4.9
608.3
960.4

143.4
6.0
5.2
610.7
989.7

137.0
6.4
5.1
601.3
976.0

158.6
6.6
5.2
607.9
1023.6

164.1
7.4
5.2
629.6
1047.5

165.9
8.1
5.7
639.0
1052.3

175.9
9.9
5.9
637.6
1077.4

187.9
10.4
6.6
651.2
1113.6

203.3
10.1
6.7
660.9
1142.1

206.3
12.3
6.9
655.3
1162.5

202.4
10.0
6.2
640.2
1186.2

191.0
10.3
6.0
656.8
1218.0

Security credit
Trade debt
Taxes oayable
Inv. in bank pers. trusts
Miscellaneous liabilities

34
35
36
37
38

22
23
24
25
26
27

(1) Thrift institutions, insurance companies and jpension funds, and other
financial institutions.
L.117 Funding Corporations (2)

1
2
3
4
5
6

177.7
51.5
51.5
74.3
30.3
44.5

201.1
59.0
59.0
83.1
33.4
49.6

195.3
54.7
54.7
35.9
33.2
52.8

231.4
72.1
72.1
87.1
28.1
59.1

235.1
75.0
75.0
85.1
21.5
63.7

244.1
74.0
74.0
96.0
26.1
69.9

250.6
74.3
74.3
102.0
26.0
76.0

268.6
82.4
82.4
103.8
24.5
79.3

290.8
93.1
93.1
104.6
23.3
80.8

314.4
97.5
97.5
119.4
23.8
95.6

332.2
106.3
106.3
119.6
23.8
95.8

352.7 Total financial assets
Money market fund shares
111.0
111.0
Open market paper
Miscellaneous assets (3)
130.7
30.0
Invest, in fgn. bkg. off.
Invest, in brokers&dealers
100.7

7
8
9
10
11
12
13

177.7
139.1
14.7
124.5
38.6
-64.3
102.9

201.1
156.3
18.3
137.6
45.1
-72.9
118.0

195.3
164.5
19.6
144.9
30.8
-73.6
109.3

231.4
166.2
23.2
143. 0
65.2
-79.1
144.3

235.1
161.6
26.4
135.2
73.5
-76.4
150.0

244.1
162.2
34.5
127.6
81.9
-66.2
148.1

250.6
166.5
36.8
129.7
84.2
-64.5
148.6

268.6
166.3
39.9
126.4
102.3
-62.6
164.3

290.8
169.9
40.0
129.9
120.9
-65.2
186.1

314.4
190.4
52.4
137.9
124.0
-71.0
195.0

332.2
191.1
56.8
134.3
141.1
-71.5
212.6

352.7 Total liabilities
Credit market instruments
200.3
63.3
Corporate bonds
Open market paper
136.9
Miscellaneous liabilities
152.5
Fgn. direct invest. In US
-69.5
222.0
Securities loaned (net)

(2) Funding subsidiaries, nonbank financial holding companies, and
custodial accounts for reinvested collateral of securities
lending operations.
(3) Due from affilated companies.
BILLIONS OF DOLLARS, END OF PERIOD




1
2
3
4
5
6
7
8
9
10
II
12
13

DECEMBER 7, 1994
Thrift Institutions

Thrift Institutions
L.118-L.120 Thrift Institutions

93
LEVELS, 1979-1990

LEVELS, 1979-1990

1979

1930

1981

1982

1983

1984

1985

1986

1987

1938

1989

1990

L.118 Thrift Institutions (1)

1 Total financial assets
Checkable dep, and currency
2
3
Time deposits
4
Fed. funds and security RPs
Mutual fund shares
5
6
Corporate equities
7
3
9
10
II
12
13
14

Credit market instruments
U.S. government securities
Tax-exempt securities
Corporate & foreign bonds
Mortgages
Consumer credit
Other loans (to business)
Open market paper

15
16

Reserves at Federal Reserve
Miscellaneous assets

17 Total liabilities
Deposits
18
19
Security RPs
Credit mkt. instruments
20
Taxes payable
21
22
Miscellaneous liabilities

795.4
6.4
9.6
12.0
4.7

S6 0.0
8.0
14.6
13.1
4.2

899.7
10.4
13.9
19.2
3.2

951.3
13.4
28.5
24.0
3.3

1108.0
14.6
31.3
26.8
4.3

1290.8
13.8
24.6
30.9
4.1

1409.7
15.3
31.3
30.5
5.2

1539.2
16.5
42.9
30.7
7.0

1683.2
14.2
34.8
28.2
1.8
7.0

1832.8
16.3
31.3
29.6
1.4
8.5

1714.3
16.1
26.6
36.6
1.2
11.0

1574.6
15.8
26.9
36.2
1.4
8.8

1
2
3
4
5
6

722.2
59.9
4.1
21.4
569.0
63,1
2.2
2.6

775.7
72.6
3.6
27.3
598.9
66,7
2.7
3.8

803.7
30.6
3.6
24.0
616.6
69.9
3.9
5.1

814.0
113.2
3.3
30.7
580.6
73.3
5.6
6.9

948.9
167.8
3.1
42.4
633.9
85.0
11.7
5.2

1103.7
193.0
2.8
53.7
719.4
110.4
20.7
3.8

1196.1
194.4
3.4
56.8
778.0
130.3
29.3
3.7

1304.9
247.8
3.1
64.1
804.1
140.0
39.8
6.0

1441.6
304.2
3.1
88.2
854.2
146.4
40.9
4.7

1558.1
313.7
2.8
105.3
926.1
155,1
49,2
6.0

1472.0
254.1
2.6
91,0
917.4
154,2
47.0
5.8

1320.5
234.5
3.0
75.6
828.7
141.2
34.3
3.0

7
8
9
10
11
12
13
14

40.4

3
44.4

0.1
49.1

0.4
67.8

1.4
80.7

2.2
111.5

3,9
126.9

5.6
131,6

4.9
150.7

5.3
182,3

4.5
146.2

764.6
673.5
8.1
47.9
0.8
34.4

830.6
727.0
10.1
55.4
0.8
37.3

878.3
752.9
15.3
71.4
0.9
37.8

933.6
813.8
13.5
72.5
0.9
32.9

1091.9
946.3
26.6
66.1
1.0
51.9

1277.4
1079.5
43.4
89.5
1.0
64.1

1393.8
1159.4
40.4
110.2
1.1
82.7

1517.2
1230.0
57.5
134.3
1.1
94.2

1642.6
1287.4
85.7
162.6
1.2
105.8

1787.5
1371.6
103.9
184.3
1.2
126.4

1675.1
1357.8
57.8
169.2
1.1
89.3

1546.2
1251.2
42.5
139.1
0,9
112.5

17
18
19
20
21
22

3.4 15
161.7 16

Cl) Savings and loan associations, mutual savings banks, federal savings
banks, and credit unions.
L.119 Savings Institutions (2)

1 Total financial assets
Checkable dep. 8 currency
2
Time deposits
3
4
Fed. funds 8 security RPs
Corporate equities
5

10
11
12
13
14
15

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Consumer credit
Other loans (to business)
Open market paper

16
17

Reserves at Federal Reserve
Miscellaneous assets

6
7
8

9

733.5
5.2
5.0
12.0
4.7

792.4
6.3
7.5
12.3
4.2

328.8
3.8
6.8
16.8
3.2

870.3
11.6
14.0
20.8
3.3

1011.7
12.4
15.1
22.6
4.3

1180.1
11.2
9.6
26.3
4.1

1275.3
12.0
11.9
22.1
5.2

1376.5
12.5
15.9
19.9
7.0

1505.1
10.2
7.3
19.0
7.0

1640.5
12.1
7.4
20.2
8.5

1512.6
11.3
5.3
24.2
11.0

1357.7
11.0
5.2
21.6
8.8

1
2
3
4
5

668.4
56.6
11,7
44.9
4.1
21.4
565.0
16.6
2.2
2.6

722.7
63.4
13.2
55.2
3.6
27.3
594.3
22.7
2.7
3.8

748.7
76.0
13.3
62.7
3.6
24.0
612.2
24.0
3.9
5.1

756.7
107.4
16.6
90.8
3.3
30.7
576.3
26.6
5.6
6.9

879.5
158.3
31.9
126.9
3.1
42.4
626.9
31.5
11.7
5.2

1018.6
133.4
39.7
143.7
2.3
53.7
710.1
44.2
20.7
3.8

1097.6
131.3
34.5
146.3
3.4
56.8
765.7
57.6
29.3
3.5

1191.0
231.1
38.0
193.1
3.1
64.1
784.8
62.9
39.8
5.3

1310.3
234.2
47.5
236.7
3.1
88.2
324.3
65.3
40.9
4.3

1409.2
292.1
34.9
257.2
2.8
105.3
888.0
66.7
49.2
5.1

1316.0
235.7
26.3
208.9
2.6
91.0
872.5
62.5
47.0
4.7

1153.9
211.5
25.9
135.7
3.0
75.6
779.0
49.6
34.3
0.7

6
7
3
9
10
11
12
13
14
15

38.1

38.7

0.1
44.4

0.4
63.5

1.4
76.4

2.2
108.0

3.9
122.5

5.6
124.6

4.9
146.3

5.3
177.8

4.5
140.3

705.6
616.0
3.9
580.6
31.6
8.1

765.3
665.3
5.0
616.2
44.1
10.1

810.5
688.3
12.8
621.7
53.8
15.3

856.5
739.0
19.3
654.5
65.2
13.5

999.9
356.6
28.5
727.6
100.5
26.6

1171.9
976.9
34.9
792.5
149.5
43.4

1265.5
1033.9
44.8
333.9
155.3
40.4

1361.5
1077.3
61.9
858.7
156.7
57.5

1472.7
1121.4
67.2
339.3
164.9
85.7

1604.8
1193.2
74.0
943.4
175.9
103.9

1484.4
1170.8
72.8
936.2
161.7
57.3

1341.5
1050.4
68.0
862.5
119.9
42.5

18
19
20
21
22
23

47.9
3.4
2.7
41.8
0.8
32.8
4.8
28.0

55.4
3.7
2.7
49.0
0.8
34.2
5.5
23.7

71.4
3.2
3.0
65.2
0.9
34.6
5.9
28.7

72.5
3.7
2.8
66.0
0.9
30.6
5.3
25.3

66.1
4.0
3.2
59.0
1.0
49.6
5.3
44.3

39.5
5.9
8.9
74.6
1 .0
61.2
6.5
54.7

110.2
10.5
10.9
38.8
1.1
79.9
7.2
72.7

134.3
15.4
10.2
108.6
1 .1
91.2
7.3
83.9

162.6
19.8
9.7
133.1
1.2
101.9
6.5
95.4

134.3
21.7
9.9
152.8
1.2
122.1
6.4
115.7

169.2
18.3
9.2
141 .8
l.l
85.6
6.4
79.2

139.1
12.7
9.7
116.7
0.9
103.6
6.0
102.6

24
25
26
27
28
29
30
31

18 Total liabilities
Deposits
19
Checkable
20
Smail time and savings
21
Large time
22
Security RPs
23

24
25
26
27
28
29
30
31

Credit market instruments
Corporate bonds
Bank loans n.e.c.
Fed. Home Loan Bank loans
Taxes payable
Miscellaneous liabilities
Investment by parent
Other

X

3.4 16
153.3 17

(2) Savings and loan associations, mutual savings banks, and federal
savings banks.

L.120 Credit Unions

1 Total financial assets
Checkable deo. and currency
2
3
Time deposits
4
Fed.funds and security RPs
Mutual fund shares
5
6
7
8
9
10
11
12
13

Credit market instruments
U.S. government securities
Treasury
Agency
Home mortgages
Consumer credit
Open market paper
Miscellaneous assets

14 Total liabilities
Shares/deposits
15
16
Checkable
Small time and savings
17
18
Large time
19
Fed. Home Loan Bank loans
20
Miscellaneous liabilities
BILLIONS OF DOLLARS, END OF PERIOD.




61.9
1.1
4.6
-

67.6
1.2
7.1
0.7
-

70.9
1.6
7.1
2.4
-

81.0
1.8
14.5
3.2
-

96.3
2.2
16.2
4.3
-

110.7
2.6
15.0
4.6
-

134.5
3.3
20.0
8.4

162.8
4.0
27.0
10.9
-

178.2
4.0
27.4
9.2
1.8

192.3
4.2
24.0
9.4
1.4

201.7
4.8
21.2
12.5
1.2

217.0
4.8
21.7
14.6
1.4

1
2
3
4
5

53.8
3.3
0.6
2.7
4.0
46.5
2.3

53.0
4.3
0.9
3.3
4.7
44.0
5.7

55.0
4.6
1.0
3.6
4.4
46.0
4.7

57.3
5.8
1.3
4.5
4.2
47.3
4.2

69.4
8.9
2.7
6.3
7.0
53.5
4.2

85.0
9.6
3.7
5.9
9.2
66.2
0.1
3.5

98.4
13.1
6.2
7.0
12.4
72.7
0.2
4.4

113.9
16.7
8.0
8.8
19.3
77.1
0.7
7.0

131.3
20.0
11.2
8.8
29.9
81.0
0.5
4.4

148.8
21.6
14.4
7.1
38. I
88.3
0.9
4.5

156.0
18.4
12.1
6.3
44.8
91.7
1.1
5.9

166.6
23.0
8.5
14.4
49.7
91.6
2.3
7.9

6
7
8
9
10
11
12
13

59.0
57.5
1.5
55.7
0.3
1.6

64.8
61.7
3.3
57.9
0.5
3.1

67.8
64.6
3.9
60.2
0.6
3.2

77.1
74.8
5.7
68.4
0.7
2.3

92.0
89.7
8.0
81.0
0.7
2.3

105.5
102.6
9.5
92.3
0.8
2.9

128.3
125.5
12.6
111.7
1.2
2.8

155.7
152.7
13.0
137.8
1.8
3.0

169.9
166.0
14.7
149.2
2.1
3.9

182.7
178.4
15.5
160.5
2.5
4.3

190.7
187.0
16.8
164.7
5.5
3.7

204.7
200.8
18.3
179.1
3.4
3.9

14
15
16
17
18
19
20

DECEMBER 7, 1994
Thrift Institutions

Thrift Institutions
L.118-1.120 Thrift Institutions

94
LEVELS, 1991-1994

LEVELS, 1991-1994

1992

1991 I
IV
I

I

II

I
1

IV

III

1993

II

I

III

IV

I
1

I

1994
II

III

L.118 Thrift Institutions (1)
1
2
3
4
5
6

1411.5
18.3
31.6
28.2
2.6
10.3

1388.4
18.2
32.6
31.1
3.2
10.4

1364.9
17.7
31.2
28.9
3.7
10.4

1348.4
16.3
29.7
26.1
3.9
10.6

1342.7
19.0
30.7
28.0
4.1
11.2

1319.4
17.1
30.4
26.5
4.3
11.3

1315.4
16.8
29.1
23.5
4.6
11.4

1314.4
18.0
28.9
21.0
4.4
11.9

1310.3
21.9
28.7
20.1
4.2
12.5

1312.4
23.8
25.6
23.2
0.1
12.0

1309.3
19.3
22.5
20.5
0.1
10.8

1307.8 Total financial assets
Checkable dep. and currency
18.7
Time deposits
23.5
Fed. funds and security RPs
18.0
0.1
Mutual fund shares
11.0
Corporate equities

7
8
9
10
11
12
13
14

1192.6
203.7
2.4
72.7
758.2
132.5
19.3
3.9

1167.3
207.1
2.3
71.8
733.4
128.8
20.6
3.3

1149.6
214.8
2.3
69.9
713.3
126.4
19.1
3.7

1140.6
214.2
2.3
73.0
701.0
128.2
18.1
3.8

1134.5
225.6
2.1
80.0
681.8
129.1
12.4
3.6

1124.8
226.1
2.1
81.7
671.7
128.2
11.3
3.8

1129.8
230.0
2.0
83.3
667.5
132.8
11.0
3.1

1136.2
231.4
2.0
88.0
665.1
136.1
ll.l
2-6

1132.5
234.2
2.1
89.1
654.3
139.5
10.8
2.5

1134.0
241.3
2.1
97.4
642.0
138.7
10.4
2.1

1145.7
243.5
2.2
96.5
644.4
146.3
10.2
2.6

1157.9
249.8
2.2
92.6
647.9
152.9
10.2
2.3

15
16

2.9
125.0

3.1
122.5

2.6
120.8

2.8
118.6

3.1
112.3

2.8
102.2

3.2
97.1

3.2
90.7

3.4
86.9

3.2
90.5

3.2
87.3

2.9
75.6

17
18
19
20
21
22

1385.8
1158.8
19.6
94.6
1.2
111.6

1362.4
1144.7
15.7
89.3
1.3
110.8

1339.0
1122.4
17.7
87.6
1.2
110.1

1322.4
1103.3
16.9
89.2
1.2
111.8

1315.4
1095.7
18.6
87.9
1.4
111.9

1290.6
1067.4
21.2
90.3
1.6
110.0

1285.7
1056.5
22.5
93.5
1.7
111.5

1283.6
1047.3
24.4
97.0
1.9
113.0

1276.9
1040.9
26.1
99.2
1.9
108.7

1277.8
1040.3
28.6
97.8
2.1
109.3

1274.2
1025.4
34.2
99.3
1.4
113.9

1
2
3
4
5
6

Credit market Instruments
U.S. government securities
Tax-exempt securities
Corporate 8 foreign bonds
Mortgages
Consumer credit
Other loans (to business)
Open market paper

7
8
9
10
11
12
13
14

Reserves at Federal Reserve
Miscellaneous assets

15
16

1270.4 Total liabilities
1010.6
Deposits
Security RPs
39.2
103.1
Credit mkt. instruments
Taxes payable
1.1
Miscellaneous liabilities
116.3

17
18
19
20
21
22

(1) Savings and loan associations, mutual savings banks, federal savings
banks, and credit unions.

L.119 Savings Institutions. (2)

1
2
3
4
5

1172.0
12.9
5.0
15.1
10.3

1138.2
11.9
3.9
17.2
10.4

1110.1
11.4
3.5
16.0
10.4

1089.7
9.5
3.6
14.4
10.6

1078.8
12.4
3.7
14.4
11.2

1049.3
10.6
3.4
14.2
11.3

1040.8
10.4
2.9
12.4
11.4

1036.7
11.7
3.3
11.9
11.9

1029.5
15.4
3.0
10.6
12.5

1022.7
17.0
2.8
10.0
12.0

1015.9
12.6
2.0
9.8
10.8

6
7
8
9
10
11
12
13
14
15

1013.2
170.0
25.0
145.0
2.4
72.7
705.4
42.2
19.3
1.3

985.4
168.2
28.2
140.0
2.3
71.3
682.3
39.3
20.6
0.3

961.4
171.3
29.7
142.1
2.3
69.9
659.6
38.1
19.1
0.5

947.1
167.5
29.8
137.8
2.3
73.0
648.2
37.5
18.1
0.5

937.4
177.0
34.0
143.0
2.1
80.0
628.0
37.4
12.4
0.6

922.6
173.0
31.2
141.8
2.1
81.7
617.2
36.8
11.3
0.6

921.5
175.0
31.2
143.7
2.0
83.3
612.4
37.4
11.0
0.3

923.1
175.0
30.3
144.7
2.0
88.0
609.7
37.2
11.1
0.2

914.0
175.5
28.2
147.3
2.1
39.1
598.3
37.9
10.8
0.3

909.8
177.9
29.3
148.6
2.1
97.4
584.5
37.1
10.4
0.4

912.4
179.2
29.5
149.7
2.2
96.5
585.7
38.1
10.2
0.4

918.7
188.2
28.1
160.0
2.2
92.6
587.4
37.9
10.2
0.2

16
17

2.9
112.6

3.1
106.2

2.6
104.8

2.8
101.7

3.1
96.6

2.8
84.3

3.2
79.1

3.2
71.7

3.4
70.4

3.2
67.8

3.2
65.1

2.9
58.1

18
19
20
21
22
23

1160.0
937.5
85.3
767.6
84.6
19.6

1126.1
912.4
84.9
744.5
83.1
15.7

1099.0
886.3
78.6
730.9
77.3
17.7

1079.4
865.3
78.6
708.0
78.7
16.9

1067.9
852.3
84.0
692.2
76.7
18.6

1037.9
819.5
79.7
668.0
71.7
21.2

1029.3
805.2
83.9
649.4
71.9
22.5

1025.3
794.4
85.7
637.6
71.2
24.4

1016.1
785.4
38.3
624.0
73.0
26.1

1008.7
776.2
84.5
619.6
72.1
28.6

1002.0
758.9
33.3
604.7
70.3
34.2

24
25
26
27
28
29
30
31

94.6
8.6
8.9
77.0
1.2
107.1
5.0
102.1

89.8
7.2
9.4
73.3
1.3
106.8
4.3
102.1

87.6
6.6
8.7
72.4
1.2
105.7
4.5
101.2

89.2
5.9
8.8
74.5
1.2
106.8
4.3
102.6

87.8
5.5
8.9
73.4
1.4
107.3
4.0
103.3

90.3
5.0
8.6
76.6
1.6
105.3
4.0
101.3

93.4
4.3
8.3
80.8
1.7
106.5
4.0
102.5

96.8
4.2
8.0
84.5
1.9
107.8
4.2
103.6

99.0
3.9
8.4
86.6
1.9
103.7
4.4
99.2

97.6
3.8
10.2
83.6
2.1
104.2
4.8
99.4

99.0
3.5
7.9
87.7
1.4
103.5
5.3
103.1

1013.2 Total financial assets
12.4
Checkable dep. & currency
1.4
Time deposits
8.6
Fed. funds 8 security RPs
11.0
Corporate equities

1
2
3
4
5

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. oonds
Mortgages
Consumer credit
Otner loans (to business)
Open market paper

6
7
8
9
10
11
12
13
14
15

Reserves at Federal Reserve
Miscellaneous assets

16
17

998.0 Total liabilities
744.0
Deposits
82.6
Checkable
589.5
Small time and savings
72.0
Large time
Security RPs
39.2

18
19
20
21
22
23

102.7
3.2
7.6
91.9
1.1
110.9
5.9
105.0

24
25
26
27
28
29
30
31

Credit market instruments
Corporate bonds
Bank loans n.e.c.
Fed. Home Loan 3ank loans
Taxes payable
Miscellaneous liabilities
Investment by parent
Other

(2) Savings and loan associations, mutual savings banks, and federal
savings banks.

L.120 Credit Unions

1
2
3
4
5

239.5
5.4
26.7
13.2
2.6

250.2
6.3
28.7
13.8
3.2

254.8
6.3
27.7
12.9
3.7

258.7
6.8
26.1
11.6
3.9

263.9
6.6
27.0
13.5
4.1

27 0.1
6.5
26.9
12.2
4.3

274.7
6.4
26.2
11.2
4.6

277.6
6.3
25.6
9.1
4.4

280.9
6.5
25.6
9.5
4.2

289.7
6.8
22.8
13.2
0.1

293.4
6.7
20.5
10.6
0.1

294.6 Total financial assets
Checkaole dep. and currency
6.3
Time deoosits
22.1
Fed.funds and security RPs
9.3
0.1
Mutual fund shares

6
7
8
9
10
11
12
13

179.4
33.7
14.1
19.6
52.8
90,3
2.6
12.3

182.0
38.9
16.4
22.5
51.0
89.5
2.6
16.3

188.2
43.0
18.4
24.6
53.7
88.3
3.2
16.0

193.5
46.7
19.9
26.9
52.8
90.7
3.3
16.9

197.1
48.6
19.9
28.7
53.8
91.7
3.0
15.7

202.3
53.1
21.2
31.9
54.6
91.4
3.2
17.9

208.3
55.0
22.3
32.7
55.1
95.4
2.8
13.0

213.1
56.4
21.8
34.6
55.4
98.9
2.4
19.1

213.5
58.7
22.3
36.3
56.0
101.6
2.2
16.5

224.2
63.4
23.4
40.0
57.5
101.6
1.7
22.6

233.3
64.2
23.3
40.4
58.7
108.2
2.2
22.2

239.2
61.6
21.4
40.2
60.5
115.0
2.1
17.5

14
15
16
17
18
19
20

225.8
221.3
20.5
196.5
4.2
4.5

236.3
232.3
21.6
206.1
4.6
4.0

240.0
235.6
22.6
208.0
5.0
4.4

243.0
238.0
23.8
208.8
5.4

247.5
242.9
25.1
212. 0
5.8

252.7
247.9
25.0
217.1
5.9

256.4
251.3
24.9
220.4
6.0
0.1
5.0

258.3
252.9
25.8
220.6
6.5
0.2
5.2

260.8
255.5
26.8
221.8
6.9
0.2
5.1

269.1
263.8
27.1
229.8
7.0
0.3
5.0

272.2
266.5
27.3
232.1
7.1
0.3
5.4

272.4 Total liabilities
Shares/deposits
266.6
27.4
Checkable
232.1
Small time and savings
Large time
7.1
0.4
Fed. Home Loan Bank Ioans
5.4
Miscellaneous liabilities

K

N

M

5.0

4.6

4.3

BILLIONS OF DOLLARS, END OF PERIOD.




Credit market instruments
U.S. government securities
Treasury
Agency
Home mortgages
Consumer credit
Open market paper
Miscellaneous assets

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

DECEMBER 7, 1994
Insurance Companies and Pension Funds

Insurance Companies and Pension Funds

L.121-L.124 Insurance Companies and Pension Funds

95
LEVELS, 1979-1990

LEVELS, 1979-1990

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L .121 Lifei Insurance Companies
1 Total financial assets
2
Checkable dep. and currency
Money market fund shares
3
4
5

6
7
a
9
10
n
12
13
14

15

Mutual fund shares
Corporate equities
Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate a foreign bonds
Mortgages
Open market paper
Policy loans
Miscellaneous assets

16 Total liabilities
Life insurance reserves
17
Pension fund reserves
IB
19
Fed. Home Loan Bank loans
20
Taxes payable
Miscellaneous liabilities
21

419.3
2.7
1.0

464.2
3.2
1.9

507.5
4.3
5.6

567.5
4.6
6.7

632.7
4.0
4.8

697.2
4.6
7.0

796.1
5.1
9.1

905.9
5.8
10.0

1005.3
4.9
6.9

1132.9
4.6
7.0

1260.2
5.0
6.2

1367.4
4.9
18.1

1
2
3

0.9
38.9

1.1
46.3

1.5
46.2

2.8
52.9

2.7
62.2

3.0
60.3

3.5
74.0

14.5
76.4

12.1
80.5

18.5
89.3

19.1
106.5

30.7
97.9

4
5

351.0
14.3
4.9
9.4
6.4
170.1
118.4
7.0
34.8
24.9

383.3
17.0
5.8
11.1
6.7
178.8
131.1
8.3
41.4
28.5

414.2
22.5
8.2
14.3
7.2
186.1
137.7
12.0
48.7
35.8

456.6
35.2
16.5
18.6
9.0
202.3
142.0
15.1
53.0
44.0

509.0
54.5
28.6
25.9
10.0
219.1
151.0
20.4
54.1
50.1

563.1
78.1
41.2
36.9
8.7
242.8
156.7
22.3
54.5
59.1

637.5
101.1
51.7
49.4
9.7
280.6
171.8
20.0
54.4
66.8

724.5
119.0
59.0
60.0
11.7
321.4
193.8
24.5
54.1
74.8

81-6.2
124.1
57.1
67.3
10.7
388.3
212.4
27.1
53.6
84.7

920.2
134.3
58.6
75.7
9.1
457.5
232.9
32.2
54.2
93.4

1022.0
153.8
52.9
100.8
9.0
511.0
254.2
36.6
57.4
101.3

1116.5
180.2
59.2
121.0
12.3
566.9
267.9
27.7
61.6
99.4

6
7
8
9
10
11
12
13
14
15

396.9
197.7
143.5
1.6
54.1

438.4
207.4
172.0
1.2
57.9

482.9
216.3
199.8
0.7
66.1

540.0
223.3
242.9
0.7
73.1

595.7
231.1
281.7
0.6
82.4

662.1
236.1
328.3
0.4
97.2

750.3
246.5
391.7
0.4
111.6

855.4
263.7
474.2
0.4
117.0

949.3
289.5
536.9
0.6
122.4

1068.2
314.4
621.9
0.7
131.2

1185.4
342.8
639.7
0.7
142.1

1290.8
368.1
784.1
0.6
137.9

16
17
18
19
20
21

L .122 Other Insurance Companies
1 Total financial assets
Checkable dep. and currency
2
3
Security RPs

4
5
6
7
a
9
10
11
12
13

Corporate equities
Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate & foreign bonds
Commercial mortgages
Trade credit
Miscellaneous assets

14 Total liabilities
Taxes payable
15
16
Miscellaneous liabilities

161.7
2.9

182.1
2.9
-

194.4
3.0
0.1

212.3
3.0
' 4.1

235.2
2.6
13.7

250.9
3.1
17.9

298.6
4.3
23.6

353.6
5.6
23.7

405.0
5.5
24.6

453.9
5.4
27.9

503.0
6.0
27.8

533.5
6.5
31.0

1
2
3

24.8
113.7
16.6
10.7
6.0
72.8
23.6
0.7
13.6
6.8

32.3
123.5
18.4
12.2
6.2
80.5
23.6
1.0
15.6
7.8

32.4
132.0
20.5
13.5
7.0
83.9
26.3
1.3
18.1
8.9

38.5
137.0
22.6
14.1
8.5
87.0
25.8
1.6
20.2
9.5

48.1
138.6
28.1
17.4
10.7
36.7
21.6
2.3
22.2
9.9

44.7
150.3
37.2
23.3
13.9
34.7
25.7
2.7
25.0
9.9

57.0
176.5
51.0
28.8
22.2
38.2
33.9
3.3
27.2
10.0

61.2
219.2
64.8
42.6
22.3
101.9
48.0
4.3
32.1
11.8

65.1
258.6
73.3
51.0
22.3
124.8
55.5
5.0
35.7
15.5

71.4
287.9
82.6
60.0
22.6
134. 1
65.7
5.6
42.5
18.9

84.0
317.5
97.0
71.0
26.0
134.8
79.3
6.5
45.3
22.4

79.9
344.0
111.0
79.0
32.0
136.9
89.2
6.9
47.2
24.8

4
5
6
7
8
9
10
11
12
13

113.0
0.6
112.4

127.5
0.4
127.0

139.0
0.3
138.8

150.3
0.3
150.1

163.2
0.2
163.0

177.4
0.2
177.2

214.9
0.1
214.7

258.5
0.1
258.4

304.4
0.1
304.3

335.8
0.1
335.6

370.6
0.7
369.9

397.5 14
0.6 15
396.9 16

L. 123 Private Pension Funds (1)
413.1
5.1
24.1
3.8
1.2

504.4
4.2
28.1
3.8
2.6

530.2
3.4
32.6
3.9
6.6

659.4
2.3
37.9
11.5
4.7

800.5
2.7
48.0
12.9
S.9

861.1
3.3
54.8
13.2
6.9

1093.0
4.0
73.5
16.5
9.1

1290.8
4.3
88.9
20.5
11.0

1367.0
5.0
103.8
22.9
12.8

1421.8
4.6
120.0
31.3
14.8

1705.6
5.3
143.8
44.2
17.8

1629.1
5.8
134.0
41.6
17.8

1
2
3
4
5

Mutual fund shares
Corporate equities

5.1
175.4

7.1
223.5

4.1
218.5

5.8
282.9

6.9
350.3

7.9
359.0

10.8
464.4

14.0
550.9

29.0
538.9

31.2
609.5

41.6
734.7

45.4
657.6

6
7

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate & foreign bonds
Mortgages
Open market paper
Miscellaneous assets

120.8
38.6
26.0
12.6
63.7
3.1
15.4
77.7

151.4
50.6
32.2
18.3
77.7
3.6
19.5
83.8

178.6
66.9
37.2
29.7
83.3
3.9
24.5
82.6

227.2
107.2
59.8
47.4
0.6
95.2
9.1
15.2
87.0

267.8
132.2
76.1
56.1
0.5
107.9
9.9
17.2
106.0

306.9
153.0
90.6
62.4
0.9
123.4
10.0
19.6
109.1

378.5
189.6
115.3
74.3
l.S
155.1
12.5
19.9
136.3

446.2
220.7
137.6
83.1
3.6
178.3
15.5
28.2
155.1

479.8
241.4
154.5
87.0
1.1
190.1
13.5
33.8
174.8

509.0
250.1
164.1
86.0
1.1
203.9
17.7
36.3
101.3

590.2
311.2
208.9
102.3
1.4
226.1
25.1
26.3
127.6

607.4
321.8
220.8
100.9
1.4
235.5
23.8
24.9
119.6

8
9
10
11
12
13
14
15
16

1 Total financial assets
Checkaole dep. and currency
2
3
Small time and savings dep.
Large time deposits
4
5
Mopey market fund shares
6
7
8
9
10
11
12
13
14
15
16

(1)

Includes the Federal Employees* Retirement System Thrift Savings Plan.
L.124 State and Local Government Employee Retirement Funds

1 Total financiai assets
2
Checkable dep. and currency
3
Large time deposits
4
5
6
7
8
9
10
11
12
13

Corporate equities
Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate a foreign bonds
Mortgages
Open market paper
Miscellaneous assets

BILLIONS OF DOLLARS, END OF PERIOD.




167.7
0.6
3.5
37.1
126.6
30.1
14.7
15.4
3.9
83.0
9.6
-

'

196.6
0.6
3.7

222.8
0.6
3.8

260.9
1.0
6.0

305.4
1.4
8.8

350.3
2.0
12.0

398.7
2.4
13.3

476.5
3.1
9.9

523.9
4.3
5.2

609.0
4.4
7.1

766.7
3.2
9.1

820.4
4.7
7.4

1
2
3

44.3
147.2
40.0
20.9
19.1
4.1
92.2
10.9
0.8

47.8
169.0
51.8
27.6
24.3
3.9
100.8
12.5
1.6

60.2
190.7
71.2
36.9
34.3
3.1
102.6
13.8
3.0

89.6
199.3
88.2
48.9
39.3
2.0
93.0
14.7
2.0
5.8

96.5
235.7
111.2
67.9
43.3
1.5
102.7
15.3
5.0
4.2

120.1
257.4
123.5
82.9
40.6
1.1
107.4
15.3
10.0
5.6

150.2
305.4
153.5
102.8
50.6
0.7
119.1
15.6
16.5
8.0

169.6
335.4
179.0
120.7
58.3
0.8
117.7
15.4
22.5
8.3

219.7
353.0
181.6
123.9
57.7
0.5
134.9
15.6
20.4
24.8

300.1
399.0
197.6
124.8
72.7
0.3
166.5
15.3
19.4
55.3

296.1
433.9
224.6
142.4
82.3
0.4
169.3
16.1
23.5
78.3

4
5
6
7
8
9
10
11
12
13

DECEMBER 7, 1994
Insurance Companies and Pension Funds

Insurance Companies and Pension Funds

L.121-L.124 Insurance Companies and Pension Funds

96
LEVELS, 1991-1994

LEVELS, 1991-1994
1991
IV

1992

I
1

I

II

III

IV

I
I

1993

II

I

IV

III

I
1

I

1994
II

III

L.121 Life Insurance Companies

1
2
3

1505.3
5.5
25.0

1531.2
5.4
26.4

1559.0
5.3
27.7

1588.8
5.1
28.9

1614.3
4.8
30.3

1664.6
5.3
31.8

1711.7
5.4
33.4

1754.3
5.3
35.0

1784.9
5.2
36.7

1815.1
5.4
38.5

1826.9
5.3
41.4

4
5

46.7
117.9

51.1
117.9

56.6
118.6

63.0
120.9

70.7
121.7

79.9
125.2

91.0
125.6

102.3
129.1

112.3
139.6

113.2
141.1

110.5
150.1

118.4
154.7

6
7
a
9
10
n
12
13
14
15

1199.6
241.9
77.8
164.2
10.2
595.1
265.3
20.8
66.4
110.7

1221.9
252.0
80.3
171.7
10.1
607.8
263.3
21.8
66.9
108.4

1242.6
259.2
82.4
176.9
10.3
624.8
259.3
21.0
68.0
108.2

1262.9
272.0
86.3
185.8
10.7
638.8
253.9
18.1
69.4
108.0

1278.8
281.8
88.8
193.0
11.4
653.9
246.7
12.9
72.1
108.0

1313.3
295.4
96.1
199.3
11.5
674.5
244.4
14.6
72.9
109.1

1343.9
310.8
101.6
209.2
12.5
688.2
242.2
16.2
73.9
112.5

1372.1
325.6
108.7
216.9
13.9
706.6
237.6
12.8
75.7
110.9

1383.9
332.8
110.0
222.3
14.7
719.5
229.1
10.1
77.7
107.2

1404.2
337.9
110.0
228.0
15.5
736.0
224.0
11.9
78.8
112.7

1409.1
339.6
114.2
225.4
14.9
742.9
220.8
10.1
80.9
110.5

1417.8
344.7
117.6
227.2
14.5
750.4
215.5
9.4
83.3
116.1

16
17
18
19
20
21

1409.1
393.8
865.2
1.1
149.0

1437.2
401.3
880.5
M
1.1
154.3

1463.0
405.3
900.0
K
1.1
156.7

1492.6
414.8
918.0
M
1.1
158.8

1524.6
421.5
940.5
M
1.1
161.6

1560.3
431.2
962.9
K
1.1
165.0

1602.8
440.2
992.8
0.2
1.1
168.5

1649.0
452.0
1022.2
0.1
1.2
173.6

1677.3
457.2
1042.5
0.2
1.2
176.2

1704.6
462.3
1061.5
0.3
1.2
179.3

1721.8
464.4
1075.0
0.3
1.3
180.9

1748.6 Total liabilities
470.4
Life insurance reserves
1092.6
Pension fund reserves
0.3
Fed. Home Loan Bank loans
1.3
Taxes payable
184.0
Miscellaneous liabilities

1854.9 Total financial assets
Checkable dep. and currency
5.3
Money market fund shares
42.6
Mutual fund shares
Corporate equities

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate 3 foreign bonds
Mortgages
Open market paper
Policy loans
Miscellaneous assets

1
2
3
4
5

6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

L.122 Other Insurance Companies
1
2
3

575.8
5.3
26.9

584.6
5.3
27.7

591.3
5.4
29.5

589.7
5.5
31.5

597.2
5.6
32.6

606.4
5.5
32.8

617.4
5.4
32.3

628.6
5.3
' 31.7

640.8
5.2
31.7

649.7
5.1
32.1

652.2
5.1
32.8

662.3 Total financial assets
Checkable dep. and currency
5.1
33.6
Security RPs

4
5
6
7
8
9
10
11
12
13

94.1
376.6
146.2
104.0
42.1
126.8
97.2
6.5
49.1
23.7

95.7
382.5
151.1
108.1
43.0
127.2
97.8
6.4
49.2
24.2

96.2
386.5
153.4
110.5
42.9
129.2
97.7
6.3
49.1
24.6

96.4
386.4
151.1
108.5
42.5
131.8
97.4
6.1
49.0
20.8

97.3
389.4
151.4
108.7
42.6
134.3
97.8
5.9
49.0
23.3

98.6
396.3
154.9
111.9
43.0
136.9
98.9
5.6
49.3
23.9

100.2
405.3
159.7
116.2
43.5
140.0
100.4
5.2
49.8
24.4

101.9
414.6
164.7
120.7
44.0
143.1
102.0
4.8
50.3
24.7

103.4
422.7
169.0
124.5
44.5
146.1
103.1
4.5
50.7
27.1

104.3
429.6
172.6
127.7
44.8
149.0
103.9
4.2
51.0
27.5

100.3
434.8
175.7
130.6
45.1
150.8
104.4
4.0
51.3
27.7

105.3
433.3
178.7
133.3
45.4
151.6
104.7
3.9
51.6
27.3

14
15
16

417.0
1.1
416.0

422.1
1 .1
421.0

428.5
1.1
427.4

434.7
1.1
433.6

440.3
1.1
439.2

444.6
1.1
443.5

448.2
1.1
447.1

451.5
1.2
450.4

457.8
1.2
456.6

463.2
1.2
461.9

468.6
1.3
467.3

474.0 Total liabilities
1.3
Taxes payable
472.7
Miscellaneous liabilities

Corporate equities
Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate 2 foreign bonds
Commercial mortgages
Trade credit
Miscellaneous assets

1
2
3

4
5
6
7
8
9
10
11
12
13
14
15
16

L.123 Private Pension Funds (1)

1
2
3
4
5

2055.9
4.7
173.7
55.4
18.8

2019.6
4.7
173.4
55.2
21.6

2050.9
4.7
176.0
54.8
20.9

2114.6
4.4
177.1
54.7
20.3

2213.3
4.6
182.8
55.3
20.3

2314.3
5.0
190.5
58.7
20.9

2343.9
4.9
188.7
58.3
22.1

2428.2
4.7
189.9
59.0
23.4

2449.3
4.6
186.0
58.6
24.3

2365.0
4.0
174.3
56.0
24.9

2333.6
3.6
164.8
54.0
25.3

2389.3 Total financial assets
3.5
Checkable dep. and currency
164.7
Small time and savings dep.
54.5
Large time deposits
25.3
Money market fund shares

1
2
3
4
5

6
7

64.4
888.5

69.2
855.5

73.4
862.4

78.6
892.0

86.4
962.1

97.0
1005.3

110.5
1017.1

124.8
1055.2

137.3
1079.5

140.7
1036.1

138.3
1028.1

148.8
1069.5

6
7

a

693.0
362.3
253.9
108.3
1.6
275.7
32.2
20.8
157.3

684.7
358.1
247.5
110.5
1.6
272.3
31.3
21.0
155.2

703.3
369.4
256.6
112.7
1.7
280.9
31.7
19.7
155.4

728.2
383.4
267.7
115.8
1.7
292.4
32.5
18.1
159.3

730.4
383.5
271.5
112.1
1.7
292.1
35.2
17.9
171.6

759.8
398.4
278.9
119.5
1 .8
303. I
36.2
20.4
177.2

762.6
397.8
279.5
118.3
1.8
305.3
36.7
20.6
179.1

785.6
409.5
287.9
121.6
1.8
316.3
33.2
19.3
185.7

770.6
401.2
286.4
114.8
1.8
309.4
39.0
19.2
189.0

746.2
389.6
277.2
112.5
1.8
299.7
37.7
17.4
182.9

738.5
335.3
275.4
109.9
1.7
298.4
37.2
15.3
180.7

735.1
381.8
274.2
107.6
1.7
296.7
38.8
16.1
187.4

9
10
u
12
13
14
15
16

(1) Includes the Federal Employees

Mutual fund shares
Corporate equities
Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate 8 foreign bonds
Mortgages
Open market paper
Miscellaneous assets

8
9
10
11
12
13
14
15
16

Retirement System Thrift Savings Plan

L.124 State and Local Government Employee Retirement Funds
1
2
3

941.2
5.3
7.3

970.2
5.5
7.0

978.4
6.1
6.7

1024.6
5.2
6.1

1058.8
6.1
5.5

1077.0
5.6
5.8

1067.3
5.8
6.6

1095.3
5.6
9.5

1121.6
6.8
8.0

1138.2
6.9
8.1

1138.9
7.0
8.2

4
5
6
7
8
9
10
11
12
13

386.6
479.9
234.6
150.8
83.7
0.2
195.4
16.9
32.8
62.0

403.1
439.9
238.1
149.2
88.9
0.1
202.2
16.2
33.4
64.7

403.7
498.4
237.2
153.2
34.0
0.1
209.6
15.9
35.6
63.5

423.2
510.1
241.7
153.7
88.0
0.3
216.3
14.6
37.2
80.0

448.9
514.3
238.4
155.3
83.1
0.4
223.2
13.6
38.6
84.0

465.8
514.6
235.5
159.2
76.4
0.5
223.0
15.6
40.0
35.2

469.0
526.5
240.0
165.1
74.8
0.6
229.7
14.5
41.7
59.9

487.3
533.4
243.2
172.6
75.6
0.5
231.4
15.1
38.2
59.0

506.7
542.6
250.5
171.3
79.3
0.6
238.0
14.5
38.9
57.6

511.1
553.9
256.2
175.0
81.2
0.6
243.4
14.6
39.0
58.2

494.2
566.7
263.3
179.7
83.7
0.6
248.6
14.9
39.2
62.3

BILLIONS OF DOLLARS, END OF PERIOD




1183.7 Total financial assets
7.0
Checkable dep. and currency
8.3
Large time deposits

517.4
577.0
268.1
183.2
84.9
0.7
253.9
14.9
39.4
73.9

Corporate equities
Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate & foreign bonds
Mortgages
Open market paper
Miscellaneous assets

1
2
3
4
5
6
7
8
9
10
11
12
13

DECEMBER 7, 1994
Other Finance

Other Finance

L.125-L.129 Other Financial Institutions

97

LEVELS, 1979-1990

LEVELS, 1979-1990

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.125 Finance Companies (1)

1 Total financial assets
2
Checkable dep. and currency
3
Credit market instruments
4
Mortgages
Consumer credit
5
6
Other loans (to business)
7
Miscellaneous assets
8 Total liabilities
Credit market instruments
9
Corporate bonds
10
Bank 103ns n.e.c.
ll
Open market paper
12

13
14
15
16
17

Taxes payable
Miscellaneous liabilities
Fgn. dir. invest, in U.S.
Investment by parent
Other

189.1
4.6
167.8
11.3
72.0
84.5
16.8

204.8
4.7
181.4
13.8
78.9
88.7
18.7

230.9
4.8
204.1
16.8
87.8
99.4
22.0

242.7
4.9
212.3
18.7
93.2
100.4
25.5

270.4
5.1
237.6
20.5
103.7
113.4
27.8

306.1
5.2
273.3
23.8
111.7
137.8
27.6

365.3
5.5
319.7
28.6
132.4
158.7
40.1

421.3
5.9
362.4
34.2
151.0
177.2
53.1

484.0
6.5
409.9
42.2
154.0
213.8
67.6

534.6
7.3
448.0
47.3
155.3
245.3
79.4

571.2
8.3
468.6
53.8
144.6
270.2
94.3

610.9
9.4
497.6
65.5
138.6
293.6
103.9

169.2
132.6
59.6
12.4
60.7

181.9
126.9
65.5
13.8
47.6

206.2
141.6
68.9
15.5
57.2

216.3
144.9
77.0
16.5
51.4

241.6
159.7
81.0
18.3
60.5

274.7
183.6
90.5
20.0
73.1

329.7
224.3
105.3
16.4
102.7

382.2
275.9
131.6
20.0
124.3

438.9
299.1
141.2
22.9
135.0

477.9
323.0
147.0
23.9
152.1

503.3
350.4
162.7
27.0
160.7

534.5 8
374.4 9
178.2 10
31.0 11
165.3 12

0.4
36.2
0.1
21.0
15.0

0.2
54.8
0.4
24.4
29.9

0.1
64.5
M
16.5
48.0

M
71.4
0.4
23.2
47.8

K
81.8
*
23.1
53.6

*
91.0
1.9
36.9
52.1

0.1
105.3
1.4
52.5
51.4

0.1
106.2
3.6
60.0
42.6

0.2
139.6
3.5
50.0
86.2

0.3
154.6
2.7
36.8
115.2

0.4
152.5
9.3
35.2
107.9

0.6
159.5
4.6
37.5
117.4

13
14
15
16
17

I
2
3
4
5
6
7

(1) Includes retail captive finance companies.
L.126 Mortgage Companies

1 Total financial assets
Home mortgages
2
3
Multifamily mortgages
4
Commercial mortgages

16.8
12.0
2.0
2.8

16.1
11.0
2.2
3.0

16.4
11.2
2.1
3.1

18.6
13.4
2.2
3.0

19.5
14.3
1.3
3.4

21.6
15.7
1.8
4.1

24.7
18.5
2.0
4.2

36.6
29.5
2.7
4.4

23.9
17.7
1.8
4.4

29.0
22.6
2.0
4.4

49.2
42.8
1.8
4.5

49.2
41.9
2.8
4.5

1
2
3
4

5 Total liabilities
6
Bank loans n.e.c.
7
Investment by parent

16.8
12.1
4.7

16.1
11.6
4.5

16.4
11.8
4.6

'18.6
13.4
5.2

19.5
14.0
5.5

21.6
15.5
6.0

24.7
16.7
8.1

36.6
25.7
10.9

23.9
14.5
9.4

29.0
14.5
14.5

49.2
24.6
24.6

49.2
24.6
24.6

5
6
7

1
2

L.127 Mutual Funds (2)

1 Total financial assets
Checkable dep. and currency
2
3
4
5
6
7
8
9
10

Corporate equities
Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate 3 foreign bonds
Open market paper

11 Total shares outstanding

51.8
0.7

61.8
0.3

59.8
0.8

76.9
1.2

112.1
1.7

136.7
2.1

240.2
3.8

413.5
6.5

460.1
6.9

478.3
7.2

566.2
8.5

602.1
8.7

35.4
15.6
1.5
1 .5
4.0
7.2
2.9

42.4
18.5
1.9
1.9
4.4
8.5
3.8

37.4
21.6
2.8
2.8
5.1
10.1
3.6

49.4
26.3
5.1
5.1
8.0
10.2
3.0

74.4
36.0
5.7
5.7
13.4
13.0
4.0

80.6
54.0
12.0
11.5
0.5
19.1
16.5
6.4

113.7
122.7
64.9
52.9
12.0
33.5
20.1
4.1

161.2
245.3
124.2
89.3
34.9
65.3
46.9
9.4

181.7
271.6
134.1
99.2
34.9
70.7
54.2
12.6

187.6
283.4
114.9
81.5
33.4
78.7
68.4
21.4

250.5
307.2
120.0
86.8
33.2
93.6
74.1
19.6

233.2 3
360.2 4
137.5 5
101.0
6
7
36.5
109.1
8
87.6
9
25.9 10

51 .8

61.8

59.8

76.9

112.1

136.7

240.2

413.5

460.1

478.3

566.2

602.1 11

(2) Open-end investment companies; does not include College Retire ment
Equities Fund (CREF), which is included in the private pension funds
sector (L.123).
L.128 Closad-End Funds

1 Total financial assets
2
3
4
5
6

Coroorate equities
Credit market instruments
U.S. government securities
Tax-exempt securities
Corporate 3 foreign bonds

7.9

7.9

7.1

7.5

7.4

6.4

8.3

14.5

21.3

43.2

52.5

51.9

1

4.9
3.0
0.6
2.4

4.9
3.0
0.6
2.4

4.2
2.9
0.6
2.3

4.1
3.4
0.6
2.8

4.3
3.1
0.6
2.6

3.7
2.7
0.5
2.2

4.2
4.1
0.6
1.0
2.5

7.5
7.0
1.0
2.0
3.9

10.4
11.0
1.6
3.3
6.1

14.3
28.8
4.3
7.5
16.5

17.1
35.4
6.6
12.1
16.7

16.3
35.6
6.6
13.9
15.0

2
3
4
5
6

1
2
3
4
5

L., 129 Money Market Mutual Funds

1 Total financial assets
2
Checkable dep. and currency
3
Time deposits
4
Security RPs
5
Foreign deposits
6
7
8
9
10
11
12

Credit market instruments
U.S. government securities
Tr easury
Agency
Tax-exempt securities
Open market paper
Miscellaneous

13 Total shares outstanding

BILLIONS OF DOLLARS, END OF PERIOD.




45.2
0.1
12.0
2.4
5.1

76.4
0.2
21.0
5.6
6.8

186.2
-.5
43.9
14.5
18.8

219.8
0.3
40.8
16.2
23.8

179.4
-.3
24.0
13. 0
21.9

233.6
-1.2
23.6
22.8
21.2

243.8
0.2
16.8
26.1
19.0

292.1
19.1
32.2
22.2

316.1
-.3
33.6
39.3
21.6

338.0
0.7
32.8
41.7
29.7

423. 1
0.1
41.2
54.9
26.4

498.4
11.4
21.0
59.0
27.1

24.9
5.6
1.6
4.0
19.3
0.7

41.7
8.2
3.5
4.8
1.9
31.6
1.1

106.5
31.9
21.5
10.4
4.2
70.4
2.9

137.0
54.6
42.6
12.0
13.2
69.1
1.8

119.2
36.2
22.8
13.4
16.8
66.2
1.5

164.2
42.4
25.4
17.0
23.8
98.0
3.0

178.1
42.7
24.6
18.1
36.3
99.1
3.6

212.2
43.2
28.0
15.1
63.3
105.3
6.5

214.0
41.3
14.3
27.0
61.4
111.3
7.9

224.7
29.9
11.6
18.4
65.7
129.1
8.5

291.8
35.8
14.8
21.0
69.4
186.6
13.7

372.7
6
32.4
7
45.5 8
36.9
9
83.6 1 0
206.7 11
7.3 12

45.2

76.4

186.2

219.8

179.4

233.6

243.8

292.1

316.1

338.0

428.1

498.4 13

M

DECEMBER 7, 1994
Other Finance

Other Finance

L.125-L.129 Other Financial Institutions
LEVELS, 1991-1994
1991
IV

I
I

LEVELS, 1991-1994
I
11

1992

I

11

III

IV

1993

I

II

IV

III

I
1

1994
II

I

III

L..125 Finance Companies (1)

1
2
3
4
5
6
7

633.9
10.6
484.9
65.8
126.2
292.9
138.4

625.0
10.9
479.4
66.4
122.2
290.8
134.6

619.9
11.2
480.5
66.8
120.5
293.2
128.2

624.4
* 11.6
477.8
68.8
120.6
268.5
135.0

637.2
11.9
486.6
68.4
121.6
296.5
138.8

628.5
12.0
477.9
72.5
112.6
292.7
138.6

625.2
12.1
473.7
71.4
110.6
291.8
139.4

637.9
12.2
474.0
71.1
111.0
291.9
151.7

653.7
12.3
482.8
71.7
116.5
294.6
158.6

665.7
12.4
494.5
72.1
120.1
302.3
158.8

685.9,
12.5
511.3
73.8
124.3
313.2
162.1

701.3 Total financial assets
12.6
Checkable dep. and currency
Credit market Instruments
524.2
76.6
Mortgages
130.3
Consumer credit
Other loans (to business)
317.2
164.6
Miscellaneous assets

6
9
10
11
12

556.5
393.0
191.3
42.3
159.5

559.0
382.2
189.8
38.0
154.4

552.8
377.4
191.9
37.8
147.7

556.3
382.7
191.4
38.1
153.2

569.4
389.4
195.3
37.6
156.4

562.0
381.3
197.3
34.1
149.8

557.0
373.8
199.9
29.4
144.5

569.0
380.0
204.2
25.8
149.9

582.3
390.5
206.0
25.3
159.2

596.2
401.9
211.7
24.2
165.9

612.7
414.2
219.6
23.3
171.2

629.0 Total liabilities
420.9
Credit market instruments
228.2
Corporate bonds
21.6
Bank loans n.e.c.
171.0
Open market paper

8
9
10
11
12

13
14
15
16
17

0.7
162.7
11.6
34.5
116.6

0.7
176.1
12.4
34.5
129.2

0.8
174.6
12.4
34.8
127.4

0.8
172.8
12.8
34.9
125.1

0.8
179.2
13.9
37.3
127.5

0.8
179.9
13.5
43.1
123.3

0.8
182.4
17.7
45. 0
119.6

0.9
188.2
18.5
44.6
125.0

0.9
190.9
21.5
42.7
126.7

0.9
193.5
23.4
41.1
129.0

1.0
197.6
25.2
44.7
127.7

1.0
207.2
25.0
50.0
132.2

13
14
15
16
17

Taxes payable
Miscellaneous liabilities
Fgn. dir. invest, in U.S.
Investment by parent
Other

1
2
3
4
5
6
7

(1) Includes retail captive finance companies.
L.126 Mortgage Companies

1
2
3
4

60.3
53.1
2.7
4.5

66.1
59.0
2.7
4.4

56.4
48.8
2.7
4.9

63.7
55.9
2.9
4.8

60.5
52.7
3.0
4.8

47.9
40.1
3.0
4.8

64.1
56.3
3.1
4.8

63.8
55.8
3.0
5.0

60.4
52.2
3.1
5.1

46.6
38.4
3.1
5.1

30.0
21.8
3.1
5.1

25.0 Total financial assets
16.8
Home mortgages
3.1
Multifamily mortgages
5.1
Commercial mortgages

1
2
3
4

5
6
7

60.3
22.2
38.2

66.1
29.0
37.0

56.4
28.2
28.2

63.7
31.8
31.9

60.5
30.2
30.3

47.9
23.9
24.0

64.1
32.0
32.1

' 63.8
31.8
32.0

60.4
29.2
31.2

46.6
22.3
24.3

30.0
14.0
16.0

25.0 Total liabilities
11.5
Bank loans n.e.c.
13.5
Investment by parent

5
6
7

L.127 Mutual Funds (2)

1
2

813.9
12.3

860.4
13.0

924.4
13.9

965.6
14.9

1042.1
16.1

1134.6
17.6

1225.8
19.1

1342.4
20.8

1429.3
22.2

1439.0
22.9

1443.1
23.1

3
4
5
6
7
8
9
10

351.1
450.5
191.4
143.1
48.3
137.1
100.5
21.5

363.6
478.8
192.4
139.5
52.9
145.5
110.3
30.5

400.3
510.2
198.4
138.5
59.8
154.4
123.8
33.7

400.4
550.2
230.3
163.6
66.7
164.7
115.2
40.0

451.7
574.2
251.8
182.3
69.5
173.4
120.3
28.8

505.6
611.4
259.6
187.3
72.3
186.8
130.2
34.7

546.7
659.9
267.9
192.6
75.2
198.8
148.1
45.2

618.0
703.6
282.2
192.7
89.5
211.0
167.6
42.8

668.9
738.2
293.6
208.2
85.4
217.9
176.4
50.3

696.0
720.0
253.8
183.4
75.4
221.0
179.0
61.2

697.2
722.9
256.8
185.4
71.4
219.8
177.8
68.5

11

813.9

860.4

924.4

965.6

1042.1

1134.6

1225.8

1342.4

1429.3

1439.0

1443.1

1563.7 Total financial assets
24.2
Checkable dep. and currency

821.3
718.2
242.6
169.0
73.6
220.6
180.8
74.2

1
2

Corporate equities
3
Credit market instruments
4
U.S. government securities 5
Treasury
6
Agency
7
Tax-exempt securities
8
Corporate Z foreign bonds
9
Open market paper
10

1563.7 Total shares outstanding

11

(2) Open-end investment compan i es; does not include College Retirement
Equities 1Fund (CREF), which is included in the private pension funds
sector (L .123).
L. 128 Closed-End Funds

1

72.0

78.0

82.1

86.0

91.0

96.5

99.7

103.0

107.2

111.8

111.3

2
3
4
5
6

21.3
50.3
9.7
26.9
13.6

22.4
55.7
10.3
31.0
14.4

22.5
59.6
10.8
34.5
14.3

22.6
63.4
11.2
37.9
14.3

23.3
67.7
11.8
40.6
15.3

24.7
71.9
12.4
42.2
17.2

25.2
74.5
13.2
43.3
18.0

27.0
76.0
14.0
43.4
18.6

29.3
77.9
14.6
44.0
19.3

31.7
80.1
15.0
44.9
20.1

30.3
81.0
15.4
45.0
20.6

113.3 Total financial assets
31.9
81.3
15.6
45.1
20.7

Corporate equities
Credit market instruments
U.S. government securities
Tax-exempt securities
Corporate Z foreign bonds

1
2
3
4
5
6

L.129 Money Market Mutual Funds
1
2
3
4
5

539.6
-.2
33.0
68.2
21.6

572.0
-.7
33.5
80.7
20.3

556.9
-2.6
31.1
80.9
16.7

552.9
-3.9
34.0
72.7
21.4

543.6
-2.7
30.9
67.1
20.5

556.6
-1.1
36.2
74.2
18.8

549.8
-2.1
28.3
69.2
19.1

547.9
-3.2
20.4
77.9
12.9

559.4
-1.2
25.0
67.5
10.1

582.4
1.3
20.1
74.2
11.5

576.4
-1.9
21.7
72.5
9.0

586.1 Total financial assets
-1.7
Checkable dep. and currency
26.3
Time deposits
71.9
Security RPs
8.3
Foreign deposits

6
7
8
9
10
11
12

402.7
120.9
79.6
41.3
89.9
191.9
14.2

424.0
124.2
34.5
39.7
96.6
203.3
14.1

412.0
123.4
79.4
44.0
93.0
195.7
18.8

408.2
130.3
79.4
50.9
91.3
186.7
20.4

404.1
134.6
79.7
54.8
94.8
174.7
23.7

404.5
128.7
77.7
51.1
99.9
175.9
24.0

403.9
132.5
75.8
56.8
97.0
174.4
31.4

400.6
141.0
75.2
65.3
99.3
160.3
39.2

417.0
148.5
80.5
68.0
103.4
165.1
40.9

422.2
138.8
70.5
68.3
114.9
168.5
52.5

422.0
130.7
59.5
71.2
111.2
180.1
53.2

425.1
133.9
59.9
74.0
110.5
180.7
56.2

13

539.6

572.0

556.9

552.9

543.6

556.6

549.8

547.9

559.4

582.4

576.4

586.1 Total shares outstanding

BILLIONS OF DOLLARS, END OF PERIOD.




1
2
3
4
5

6
Credit market Instruments
U.S. government securities 7
8
T r easury
Agency
9
Tax-exempt securities
10
Open market paper
11
Miscellaneous
12

13

DECEMBER 7, 1994
Other Finance, Continued

Other Finance,

99
LEVELS,

Continued

L.130-L.133 Other Financial Institutions, Continued
LEVELS, 1979-1990

1979-1990

1979

1980

1981

1982

1983

1984

1985

. 1986

1987

1988

1989

1990

L.130 Real Estate Investment Trusts (REITs)

3.3
0.5
2.8
1.6
-1.6

3.2
0.4
2.4
1.3
-.9

3.2
0.3
1.6
0.8
0.5

3.4
0.3
1.5
0.8
0.8

3.5
0.2
1.5
0.9
0.8

5.5
0.2
1.9
1.3
2.0

8.2
0.3
3.8
1.8
2.3

8.3
0.3
3.9
1.8
2.4

10.4
0.3
4.5
2.1
3.4

13.9
0.4
5.1
2.4
6.0

15.4
0.4
5.4
2.5
7.0

13.2
0.4
5.0
2.3
5.5

6 Total liabilities
7
Security RPs
Credit market Instruments
8
9
Mortgages
10
Corporate bonds
Bank loans n.e.c.
11
Open market paper
12

4.4
5.1
2.0
1.6
0.8
0.8

4.1
4.6
1.9
1.4
0.7
0.5

4.0
3.7
1.9
0.7
0.6
0.6

4.0
3.7
2.0
0.7
0.6
0.4

3.8
3.5
2.1
0.7
0.4
0.4

4.8
4.2
2.5
0.8
0.4
0.6

6.1
5.5
2.5
1.5
0.7
0.7

7.4
6.7
2.8
1.8
1.0
1.1

9.5
8.3
3.1
2.3
1.5
1.4

13.8
10.3
3.4
2.5
3.1
1.3

13.8
11.6
3.7
2.7
4.1
1.1

13.6 6
7
12.4 8
4.3 9
2.8 10
4.4 11
0.9 12

Miscellaneous liabilities

-.7

-.5

0.3

0.3

0.3

0.5

0.7

0.8

1.2

3.5

2.1

1.2 13

1 Total financial assets
Home mortgages
2
Commercial mortgages
3
Multifamily mortgages
4
Miscellaneous assets
5

13

1
2
3
4
5

L. 131 Security Brokers and Dealers
1 Total financial assets
Checkable dep. and currency
2
Corporate equities
3

32.7
2.2
2.6

45.4
3.0
3.3

59.8
2.8
3.5

83.3
4.5
4.9

90.5
3.6
10.0

118.4
3.9
8.9

156.0
6.3
14.1

184.6
8.5
17.7

137.9
7.4
10.7

135.9
9.4
12.2

236.6
9.3
14.1

262.1
10.2
9.6

1
2
3

4
5
6
7
8
9
10

Credit market instruments
U.S. govt, securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Open market paper

3.9
-7.0
-7.0
2.2
1.6
7.2

6.6
-4.7
-4.7
2.5
2.0
6.3

20.9
3.0
3.0
3.0
3.4
11.6

36.2
9.2
9.2
4.6
5.9
16.4

25.5
-.5
-.5
6.5
7.9
11.6

54.1
12.1
12.1
11.0
13.7
17.3

58.2
0.9
-4.0
4.9
19.9
22.9
14.5

66.3
13.9
4.1
9.8
16.6
23.2
12.6

39,8
-2.0
-16.7
14.6
8.3
19.4
14.2

23.5
-27.9
-47.4
19.5
7.5
29.1
14.8

103.7
45.9
21.5
24.4
7.1
32.9
17.8

106.5 4
51.3 5
7.3 6
44.0
7
7.9 8
28.9
9
18.4 10

11
12

Security credit
Miscellaneous assets

17.5
6.5

24.7
7.8

23.0
9.5

25.8
11.9

34.2
17.1

31.8
19.6

50.7
26.8

57.4
34.7

41.8
38.2

43.5
47.2

42.5
66.5

38.8 11
97.0 12

28.5
-9.6
-

39.1
-8.7
-

52.5
-.3
-

74.9
24.3

80.1
8.4
0.4

108.1
25.5
1.1

141.3
23.7
1.3

164.3
35.6
3.4

114.5
-8.8
3.2

111.5
-21.9
7.5

213.2
64.2
13.8

239.2 13
81.0 14
15.3 15

30.5
20.2
10.4

37.2
20.9
16.2

40.9
26.2
14.7

44.1
26.2
17.8

49.2
28.7
20.6

56.0
34.5
21.6

80.5
45.4
35.1

83.6
39.6
44.0

73.5
34.4
39.1

74.8
33.9
40.9

91.4
38.2
53.2

98.6 16
36.2 17
62.4 18

1.3
0.2
6.1
1.3
4.8

1.7
0.5
8.5
0.9
8.6
-1.0

2.1
0.3
9.5
1.1
4.2
4.2

2.6
0.6
3.3
1.8
5.7
-4.2

5.1
0.5
16.5
2.3
6.7
7.5

5.5
0.4
19.6
3.7
7.5
8.4

8.0
0.8
27.0
3.8
16.0
7.1

7.6
0.9
33.1
3.6
19.4
10.1

6.8
0.4
39.4
3.1
36.7
-.5

8.5
0.5
42.0
4.8
45.8
-8.7

8.0
0.6
35.2
6.3
46.9
-18.0

6.1
0.7
37.5
3.8
35.9
-2.1

19
20
21
22
23
24

I
2
3
4
5
6
7
8
9

13 Total liabilities
Security RPs, net
14
Corporate bonds
15
16
17
18

Security credit
From banks
Customer credit balances

19
20
21
22
23
24

Trade debt
Taxes payable
Miscellaneous liabilities
Fgn. direct invest, in US
Due to affiliates
Other

L.132 Issuers of Asset-Backed Securities (ABSs)

1 Total financial assets
Agency securities (1)
2
Mortgages (2)
3
4
Home
Multifamily
5
Commercial
6
Consumer credit
7
Loans to business
8
9
Trade credit
10 Total liabilities
Corporate bonds
11
12
Commercial paper

-

-

-

-

3.7
3.0
0.7

23.4
10.9
11.0
11.0
1.5

39.4
23.9
13.0
13.0
2.4

31.4
61.5
16.6
16.6
- ■
3.3

131.3
97.7
28.5
27.8
0.2
0.5
5.1

169.0
124.9
37.3
34.9
0.4
2.1
6.8

225.8
118.7
48.3
43.3
0.5
4.5
48.7
2.0
8.0

278.1
125.4
59.2
53.3
0.7
5.2
78.5
5.8
9.2

-

-

-

-

3.7
3.0
0.7

23.4
21.9
1.5

39.4
36.9
2.4

81.4
78.1
3.3

131.3
126.2
5.1

169.0
162.2
6.8

225.8
210.1
15.7

278.1 10
246.7 11
31.4 12

(1) Includes federally related mortgage pool securities backing
privately issued CMOs.
(2) Includes mortgages backing privately issued pool securities
and privately issued CMOs.

L.133 Bank Personal Trusts and Estates (3)
1 Total financial assets
2
Deposits
Checkable dep. and curr.
3
4
Small time 3nd svgs.dep.
5
Large time deposits
6
Money market fund shares

7
8
9
10
11
12
13
14

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate 8 foreign bonds
Mortgages
Open market paper

15
16

Mutual fund shares
Corporate equities

17

Miscellaneous assets

215.2
9.1
2.1
0.9
4.9
1.2

244.8
10.2
2. 1
1.0
5.0
2.2

248.1
15.0
2.2
1.0
5.2
6.5

264.2
16.7
1.8
1.1
5.9
7.8

293.2
15.2
1.3
1.3
7.0
5.6

306.1
18.8
1.6
1.4
7.5
8.3

358.3
24.7
0.9
1.8
9.2
12.8

404.4
31.6
1.7
2.2
11.4
16.4

414.234.1
1.0
2.7
13.9
16.6

443.7
40.0
1.0
3.1
16.1
19.8

515.1
43.3
0.9
3.2
16.8
22.3

522.1
47.2
1.0
3.3
17.0
26.0

1
2
3
4
5
6

83.6
23.4
11.4
12.1
27.7
16.4
3.6
12.6

88.8
27.3
13.8
13.4
26.0
17.1
4.4
13.9

96.7
29.6
16.1
13.6
29.6
17.4
4.7
15.4

100.3
29.8
16.4
13.4
31.2
16.0
4.8
18.5

109.4
33.6
17.9
15.6
35.7
15.8
5.5
18.8

123.1
39.0
22.1
16.8
39.9
15.6
5.0
23.6

132.8
42.5
23.3
19.2
48.2
15.7
5.0
21.5

151.4
43.9
23.9
20.0
56.9
20.5
4.5
25.6

163.9
49.6
27.2
22.4
63.1
25.1
3.7
22.4

177.8
57.4
31.6
25.8
65.9
24.5
3.7
26.3

197.5
62.4
34.4
28.0
73.0
27.1
4.1
30.9

213.4
70.7
39.2
31.5
80.8
27.3
4.2
30.5

7
8
9
10
11
12
13
14

5.4
113.0

6.4
135.0

6.0
125.0

7.8
133.9

10.4
152.4

12.9
145.5

22.7
171.4

51.1
163.8

52.0
156.4

46.5
171.7

57.9
207.3

62.7 15
190.1 16

4.1

4.4

5.4

5.4

5.8

5.9

6.8

6.5

7.8

7.6

9.0

8.7 17

(3) Includes personal trusts and estates administered by
nondeposit noninsured trust companies.
BILLIONS OF DOLLARS, END OF PERIOD.




DECEMBER 7, 1994
Other Finance, Continued

Other Finance, Continued

100

L.130-L.133 Other Financial Institutions, Continued

LEVELS, 1991-1994
1991
IV

LEVELS, 1991-1994
1992

1
I

][

II

IV

III

11
i1

1993

I

II

IV

III

1
1

I

1994
II

III

L.130 Real Estate Investment Trusts (REITs)
1
2
3
4
5

14.0
0.4
4.5
2.2
7.0

13.S
0.7
1.6
4.5
7.0

14.3
0.8
1.8
4.9
6.8

14.0
0.8
1.8
4.8
6.6

13.8
0.9
1.9
5.3
5.8

13.0
0.9
2.0
5.2
4.9

15.4
0.9
2.1
5.4
7.1

16.4
0.9
2.1
5.5
7.8

17.4
0.9
2.1
5.5
8.8

17.7
1.0
2.2
5.7
8.9

18.0
1.0
2.2
5.8
9.0

18.2 Total financial assets
Home mortsases
1.0
2.3
Commercial mortsases
5.9
Multifamily mortsases
9.1
Miscellaneous assets

6
7
8
9
10
11
12

16.5
13.6
4.S'
3.0
5.0
0.9

16.0
1.4
14.4
5.0
3.1
5.5
0.9

16.5
1.9
14.8
5.0
3.3
5.6
0.9

16.6
2.4
15.3
5.1
3.4
5.9
0.9

19.3
2.9
13.9
5.4
4.0
3.7
0.9

18.1
3.4
14.0
5.7
4.1
3.6
0.7

19.9
4.0
14.4
6.0
4.2
3.6
0.5

22.0
4.6
15.8
7.6
4.2
3.5
0.6

24.7
5.0
17.4
8.9
4.3
3.6
0.6

24.8
5.4
17.7
9.0
4.5
3.6
0.6

25.8
5.6
18.3
9.1
4.8
3.7
0.6

26.0 Total liabilities
5.7
Security RPs
18.8
Credit market instruments
9.2
Mortsases
5.2
Corporate bonds
Bank loans n.e.c.
3.8
0.7
Open market paper

13

2.9

0.2

-.1

-1.1

2.4

0.6

1.5

1.6

2.3

1.7

1.9

1.4

Miscellaneous liabilities

1
2
3
4
5

6
7
8
9
10
11
12
13

L.131 Security Brokers and Dealers

1
2
3

332.5
10.2
14.3

322.5
10.0
12.3

342.3
10.3
12.7

395.7
10.7
12.1

372.1
10.3
14.8

398.5
11.1
15.8

417.2
10.9
19.2

440.1
11.1
21.5

453.8
12.3
24.2

453.9
14.8
22.3

453.6
14.2
19.7

456.0 Total financial assets
Checkable dep. and currency
13.5
20.0
Corporate equities

4
5
6
7
8
9
10

124.0
59.7
5.7
54.0
9.4
40.9
14.0

108.3
42.2
-15.4
57.6
7.9
44.7
13.6

135.2
60.9
-5.7
66.5
10.1
47.6
16.7

145.4
61.6
-.4
62.1
9.4
58.2
16.2

117.1
43.3
-9.6
53.0
11.3
50.9
11.6

135.9
53.1
-10.7
63.3
9.9
59.8
13.0

149.0
60.0
-14.3
74.7
14.4
61.0
13.7

147.1
47.9
-49.7
97.6
14.2
71.7
13.2

126.3
24.2
-54.7
78.9
17.1
73.0
12.0

112.3
12.4
-72.1
84.5
13.1
77.0
9.9

99.2
1.9
-90.3
92.2
12.5
67.4
17.4

95.6
5.2
-92.0
97.2
12.4
66.5
11.4

Credit market instruments
U.S. sovt. securities
Treasury
Asency
Tax-exempt securities
Corporate and fgn. bonds
Open market paper

4
5
6
7
8
9
10

11
12

55.1
129.0

51.2
140.6

56.3
127.8

55.3
171.3

53.3
176.6

59.1
176.6

58.7
179.4

66.6
193.9

75.9
214.9

76.5
228.1

75.7
244.9

72.2
254.8

Security credit
Miscellaneous assets

11
12

13
14
15

308.6
106.7
19.0

297.4
82.2
19.7

316.1
100.3
23.1

368.3
128.7
22.7

342.2
98.8
21.7

366.7
124.9
19.3

385.0
125.3
22.8

403.2
124.3
26.4

415.9
113.1
33.7

417.6
97.9
31.3

418.4
105.9
31.3

421.3 Total liabilities
118.8
Security RPs, net
29.4
Corporate bonds

13
14
15

16
17
18

133.8
46.8
87.0

143.4
71.6
71.8

137.0
71.9
65.1

158.6
80.6
78.0

164.1
88.0
76.1

165.9
79.6
86.3

175.9
89.3
86.7

187.9
88.4
99.5

203.3
100.7
102.7

206.3
95.9
110.3

202.4
90.6
111.8

191.0
84.0
107.0

Security credit
From banks
Customer credit balances

16
17
18

19
20
21
22
23
24

6.8
0.9
41.5
5.7
24.7
11.1

6.0
0.9
45.1
5.8
26.8
12.5

6.4
0.9
48.4
6.0
41.4
1.1

6.6
1.0
50.7
5.9
47.9
-3.1

7.4
0.8
49.4
3.8
53.5
-7.9

8.1
1.1
47.4
3.8
58.5
-14.9

9.9
1.1
50.0
3.9
64.5
-18.4

10.4
1.4
52.7
3.9
66.2
-17.3

10.1
1.4
55.2
4.8
80.2
-29.8

12.3
1.4
68.6
5.3
100.1
-36.8

10.0
1.4
67.4
5.3
100.1
-38.0

10.3
1.4
70.4
5.7
106.2
-41.4

Trade debt
Taxes payable
Miscellaneous liabilities
Fgn. direct invest, in US
Due to affiliates
Other

19
20
21
22
23
24

1
2
3

L..132 Issuers of Asset-Backed Securities (ABSs)

j

2
3
4
5
6
7
8
9

329.1
111.5
94.2
84.0
3.7
6.5
103.3
8.8
11.3

346.1
110.0
109.1
95.6
4.7
8.8
107.0
8.2
11.9

358.8
104.3
122.4
105.7
5.8
10.9
110.6
9.6
11.8

374.8
96.8
141.5
123.0
5.8
12.7
114.7
9.4
12.4

391.7
91.4
153.5
132.0
6.3
15.2
121.4
11.6
13.8

407.2
94.4
162.4
137.0
6.7
18.7
120.9
15.6
13.9

422.3
98.3
172.0
145.0
7.4
19.6
120.1
17.7
14.2

443.3
102.5
186.9
158.0
8.0
20.9
124.5
16.3
13.5

473.2
107.9
198.2
164.0
8.7
25.5
130.7
21.3
15.2

493.6
113.0
213.7
177.0
9.2
27.5
128.1
23.6
15.4

494.6
104.4
222.9
179.5
11.5
31.8
129.9
22.7
14.8

500.2 Total financial assets
Agency securities (1)
99.2
230.9
Mortgages (2)
182.3
Home
13.9
Multifamily
Commercial
34.7
131.4
Consumer credit
Loans to business
22.7
16.0
Trade credit

10
11
12

329.1
290.4
38.7

346.1
305.4
40.7

353.8
318.3
40.5

374.8
332.2
42.6

391.7
344.3
47.4

407.2
359.4
47.8

422.3
373.6
48.3

443.8
397.4
46.4

473.2
421.2
51.9

493.6
441.0
52.6

494.6
443.9
50.7

500.2 Total liabilities
445.3
Corporata oonds
54.3
Commercial paper

1
2
3
4
5
6
7
8
9
10
11
12

(1) Includes federally related mortgage pool securities backing
privately issued CMOs.
(2) Includes imortgages backing privately issued pool securities
and privately issued CMOs.

L.133 Bank Personal Trusts and Estates (3)

1
2
3
4
5
6

608.3
46.2
1.0
2.5
13.2
29.6

610.7
45.1
1.0
2.3
12.1
29.8

601.3
43.4
0.9
2.1
10.8
29.6

607.9
41.7
0.9
1.9
9.6
29.3

629.6
40.6
0.9
1.7
8.8
29.2

639.0
39.9
0.8
1.6
8.3
29.2

637.6
39.7 '
O.S
1.6
8.1
29.2

651.2
39.7
0.8
1.6
8.1
29.3

660.9
39.5
0.8
l.S
7.9
29.3

655.3
39.3
0.8
1.5
7.7
29.3

640.2
39.0
0.8
1.4
7.5
29.3

656.8 Total financial assets
38.8
Deposits
0.7
Checkable dep. and curr.
1.4
Small time and svgs.dep.
7.3
Large time deposits
29.4
Money market fund shares

7
8
9
10
11
12
13
14

223.5
73.6
40.9
32.6
39.9
30.7
4.0
25.2

225.6
73.5
40.9
32.6
91.6
32.1
4.0
24.4

227.5
72.9
40.6
32.2
92.8
34.0
4.0
23.9

229.4
72.2
40.3
31.9
94.0
35.8
3.9
23.4

231.5
72.0
40.1
31.8
96.0
36.8
3.9
22.8

233.7
72.1
40.1
31.9
98.7
37.2
3.8
22.0

236.2
72.5
40.3
32.3
102.0
36.8
3.7
21.2

238.7
73.0
40.4
32.6
105.5
36.2
3.7
20.3

240.9
73.1
40.4
32.7
108.9
35.8
3.6
19.5

243.3
72.9
40.3
32.7
112.7
35.4
3.5
18.8

244.6
72.4
40.0
32.4
115.7
34.9
3.5
18.1

245.3
71.9
39.7
32.2
118.2
34.4
3.4
17.4

Credit market instruments
U.S. government securities
Treasury
Agency
Tax-exempt securities
Corporate 8 foreign bonds
Mortgages
Open market paper

7
8
9
10
11
12
13
14

15
16

93.6
234.2

99.5
229.1

103.2
215.6

113.0
211.7

128.1
216.9

141.5
210.5

152.7
194.8

170.6
187.1

183.5
181.0

184.4
171.4

184.2
154.2

194.8
158.6

Mutual fund shares
Corporate equities

15
16

17

10.8

11.3

11.6

12.0

12.6

13.3

14.1

15.1

16.0

17.1

18.2

19.3

Miscellaneous assets

17

(3) Includes personal trusts and estates administered by
nondeposit noninsured trust companies.
BILLIONS OF DOLLARS, END OF PERIOD.




1
2
3
4
5
6

DECEMBER 7, 1994
Monetary and Insuranoe Reserves

101

Monetary and Insurance Reserves
L.200-L.202 Foreign Exchange, Treasury Currency, and Insurance Reserves

LEVELS, 1979-1990

LEVELS, 1979-1990
1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.200 Gold and Official Foreign Exchange Holdings (11

1 Total U.S. reserves

19.0

26.8

30.1

34.0

33.7

34.9

43.2

48.5

45.8

47.8

74.6

83.3

1

2 U.S. gold stock and SDRs
3
U.S. govt.:
Ex. Stab. Fund
4
Monetary authority (2)

13.9
2.7
11.2

13.8
2.6
11.2

15.2
4.1
11.2

16.4
5.3
11.1

16.1
5.0
11.1

16.7
5.6
11.1

18.4
7.3
11.1

19.5
8.4
11.1

21.4
10.3
11.1

20.7
9.6
11.1

21.0
10.0
11.1

22.0
11.0
11.1

2
3
4

5.1
3.8
1.3
2.5

13.0
10.1
5.0
5.1

14.8
9.8
4.6
5.1

17.6
10.2
4.4
5.8

17.6
6.3
2.6
3.7

18.2
6.7
3.1
3.6

24.8
12.9
5.8
7.0

29.1
17.3
7.9
9.5

24.4
13.1
7.4
5.7

27.1
17.4
8.2
9.1

53.6
44.6
12.7
31.9

61.3
52.2
19.6
32.6

5
6
7
8

1.3
1.3
X

2.9
2.9
-.1

5.1
5.1
x

7.3
7.4
e

11.3
11.4
N

11.5
11.6
-.1

12.0
12.0
X

11.7
11.8
-.1

11.3
11.4
-.1

9.7
9.8
-.1

9.0
9.1
-.1

5 U.S. foreign exchange position
6
Official fgn.currency hldgs.
Treasury
7
Monetary authority
8

9
10
11

Net IMF position
U.S. government
Monetary authority

9.1
9
9.1 10
-.1 11

(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which
have occurred at various dates beginning January 1970.
Also included
in the table are revaluations of foreign currency holdings, gold, SDRs,
and IMF position. These allocations and revaluations are excluded
from tables on flows.
(2) Treasury gold stock.

L.201 SDR Certificates and Treasury Currency

SDR certificates:
1 Liab.:
U.S. government
2 Asset:
Monetary authority

1.8
1.8

2.5
2.5

3.3
3.3

4.6
4.6

4.6
4.6

4.6
4.6

4.7
4.7

5.0
5.0

5.0
5.0

5.0
5.0

8.5
8.5

10.0
10.0

1
2

Treasury currency:
U.S. government
3 Liab.:
4 Asset:
Monetary authority
5 Discrepancy (seigniorage)

10.5
13.1
-2.6

11.1
13.8
-2.8

11.5
14.5
-3.0

11.9
15.0
-3.2

12.3
15.7
-3.4

12.9
16.4
-3.5

13.3
17.1
-3.8

13.8
17.6
-3.8

14.2
18.2
-4.0

14.7
18.8
-4.1

15.3
19.6
-4.3

16.3
20.4
-4.1

3
4
5

L.202 Insurance and -Pension Fund Reserves

Life insurance reserves:

1 Total liabilities
U.S. government
2
Life insurance companies
3

206.7
9.0
197.7

216.4
9.1
207.4

225.6
9.3
216.3

232.8
9.5
223.3

240.8
9.7
231.1

246.0
9.9
236.1

256.7
10.2
246.5

274.2
10.5
263.7

300.3
10.8
289.5

325.5
11.1
314.4

354.3
11.5
342.8

380.0
11.8
368.1

I
2
3

4 Total assets (households)

206.7

216.4

225.6

232.8

240.8

246.0

256.7

274.2

300.3

325.5

354.3

380.0

4

5 Total liabilities
6
U.S. government
7
Insurance sector
8
Life insurance companies
9
Private pension funds
10
St.Sloc. govt. rtr. funds

792.0
67.7
724.3
143.5
413.1
167.7

949.3
76.4
872.9
172.0
504.4
196.6

1039.0
86.2
952.8
199.8
530.2
222.8

1261.1
97.9
1163.1
242.9
659.4
260.9

1499.6
112.0
1387.6
281.7
800.5
305.4

1669.8
130.0
1539.8
328.3
361.1
350.3

2032.2
148.8
1883.4
391.7
1093.0
398.7

2411.1
169.6
2241.6
474.2
1290.8
476.5

2616.2
188.4
2427.8
536.9
1367.0
523.9

2860.7
208.1
2652.7
621.9
1421.8
609.0

3400.9
228.9
3172.0
699.7
1705.6
766.7

3484.2 5
250.5 6
3233.6
7
784.1
8
1629.1
9
820.4 10

11 Total assets (households)

792.0

949.3

1039.0

1261.1

1499.6

1669.8

2032.2

2411.1

2616.2

2860.7

3400.9

3484.2 11

Pension fund reserves:

BILLIONS OF DOLLARS, END OF PERIOD




DECEMBER 7, 1994
Monetary and Insurance Reserves

Monetary and Insurance Reserves

102

L.200-L.202 Foreign Exchange, Treasury Currency, and Insurance Reserves

LEVELS, 1991-1994

LEVELS , 1991-1994
1992

1991 1
IV
I

I

III

II

IV

11
11

1993
I

II

III

IV

|
1

I

1994
II

Ill

L.200 Gold and Official Foreign Exchange Holdings (1)
1

77.7

74.7

77.1

78.5

71.3

74.4

74.0

75.8

73.4

76.8

75.7

76.5 Total U.S. reserves

1

2
3
4

22.3
11.2
11.1

22.0
10.9
11.1

22.7
11.6
ll.l

23.2
12.1
11.1

19.6
8.5
11.1

19.8
8.8
11.1

20.0
9.0
11.1

20.3
9.2
11.1

20.1
9.0
11.1

20.4
9.4
11.1

20.8
9.7
11.1

21.0 U.S. gold stock and SDRs
U.S. govt.:
Ex. Stab. Fund
10.0
Monetary authority 12)
11.1

2
3
4

5
6
7
8

55.4
45.9
18.3
27.6

52.7
43.7
17.6
26.1

54.4
45.1
20.6
24.5

55.4
45.6
21.1
24.4

51.8
40.0
18.5
21.5

54.5
42.4
20.0
22.3

53.9
42.0
19.7
22.3

55.6
43.5
20.2
23.3

53.4
41.5
19.2
22.3

56.4
44.2
20.9
23.3

54.9
42.8
20.4
22.4

55.5 U.S. foreign exchange position
Official fgn.currency hldgs.
43.4
Treasury
20.2
Monetary authority
23.2

5
6
7
8

9
10
11

9.5
9.6
-.1

9.0
9.1
-.1

9.4
9.5
-.1

9.8
9.9
-.1

11.8
11.9
-.1

12.2
12.3
-.1

11.9
12.0
-.1

12.1
12.2
-.1

11.8
11.9
-.1

12.1
12.2
-.1

12.2
12.3
-.1

12.1
12.2
-.1

Net IMF position
U.S. government
Monetary authority

9
10
11

(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which
have occurred at various d ates beginning .January 1970. Also included
in the table are revaluations of foreign currency holdings, gold, SDRs,
These allocations and irevaluations are excluded
and IMF position.
from tables on flows.
(2) Treasury gold stock.

L.201 SDR Certificates and Treasury Currency
1
2

10.0
10.0

10.0
10.0

10.0
10.0

10.0
10.0

8.0
8.0

8.0
8.0

8.0
8.0

8.0
8.0

8.0
8.0

8.0
8.0

8.0
8.0

SDR certificates:
8.0 Liab.:
U.S. government
8.0 Asset:
Monetary authority

1
2

3
4
5

16.3
21.1
-4.8

16.3
21.1
-4.8

16.4
21.3
-4.9

16.4
21.3
-4.9

16.5
21.5
-4.9

16.6
21.6
-5.0

16.7
21.7
-5.0

16.8
21.9
-5.1

17.0
22.1
-5.1

17.1
22.3
-5.2

17.3
22.5
-5.2

Treasury currency:
17.5 Liab.:
U.S. government
Monetary authority
22.7 Asset:
-5.3 Discrepancy (seigniorage)

3
4
5

L.202 Insurance and Pension Fund Reserves

Life insurance reserves:
1
2
3

405.7
11.9
393.8

413.1
11.9
401.3

417.0
11.8
405.3

426.4
11.6
414.8

433.0
11.5
421.5

442.6
11.4
431.2

451.4
11.2
440.2

463.1
11.1
452.0

468.2
11.0
457.2

473.2
10.9
462.3

475.2
10.9
464.4

481.2 Total liabilities
10.8
U.S. government
470.4
Life insurance companies

1
2
3

4

405.7

413.1

417.0

426.4

433.0

442.6

451.4

463.1

463.2

473.2

475.2

481.2 Total assets (households)

4

5
6
7
8
9
10

4138.3
276.0
3862.3
865.2
2055.9
941.2

4141.3
271.5
3870.3
380.5
2019.6
970.2

4207.8
278.5
3929.3
900.0
2050.9
978.4

4353.1
296.0
4057.2
918.0
2114.6
1024.6

4516.5
303.5
4213.0
940.5
2213.8
1058.3

4652.7
298.5
4354.2
962.9
2314.3
1077.0

4710.4
305.9
4404.5
992.8
2343.9
1067.3

4869.4
323.7
4545.7
1022.2
2428.2
1095.3

4945.1
331.1
4614.0
1042.5
2449.8
1121.6

4890.7
326.1
4564.7
1061.5
2365.0
1138.2

4380.8
333.3
4547.5
1075.0
2333.6
1138.9

5016.8 Total liabilities
351.1
U.S. government
4665.7
Insurance sector
1092.6
Life insurance companies
2389.3
Private pension funds
1183.7
St.Sloc. govt. rtr. funds

5
6
7
8
9
10

11

4138.3

4141.3

4207.8

4353.1

4516.5

4652.7

4710.4

4369.4

4945.1

4890.7

4880.8

5016.3 Total assets (households)

11

Pension fund reserves:

BILLIONS OF DOLLARS, END OF PERIOD.




DECEMBER 7, 1994
Interbank Claims

Interbank Claims
L.203 Net Interbank Claims

1Q3

LEVELS, 1979-1990

LEVELS, 1979-1990
1979
1 Total liabilities
2
Monetary authority
3
Depository inst. reserves
4
Vault cash

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

57.7
48.3
29.8
18.5

24.7
47.3
27.5
19.8

-25.9
43.9
25.2
18.6

-31.1
46.0
26.5
19.5

-32.8
42.4
21.4
21.0

-19.9
46.1
21.8
24.2

9.0
54.2
28.6
25.5

36.9
73.8
48.1
25.7

72.5
66.6
41.8
24.9

77.1
66.9
39.3
27.6

62.5
64.2
35.6
28.7

95.3
71.2
38.7
32.6

1
2
3
4

5
6
7
3
9
10
11

Commercial banking
To monetary authority
To bks.in fgn .entries,net
Liabilities, net
U.S.-chartered banks
Due to fgn. affil.
-Due from fgn. affil.

9.4
8.2
9.5
16.8
-2.9
25.9
28.8

-22.5
6.3
-17.1
-4.4
-23.1
20.2
43.3

-69.7
3.4
-55.8
-40.0
-24.9
25.9
50.8

-77.1
3.5
-62.5
-38.9
-11.7
23.2
34.9

-75.2
2.5
-50.3
-28.6
-5.3
31.6
36.9

-65.9
4.4
-47.5
-28.8
-11.1
32.5
43.6

-45.1
4.0
-30.9
-16.9
-2.6
42.8
45.5

-36.8
2.3
-15.2
-2.2
-6.2
37.8
44.0

5.8
4.6
29.3
40.2
10.0
49.3
39.8

10.1
3.5
35.2
45.7
12.3
61.9
49.6

-1.7
1.6
27.7
36.3
4.3
52.2
47.9

24.0 5
2.8 6
53.3 7
61.5 8
21.0 9
67.1 10
46.1 11

12
13
14

Bank holding companies
Due to fgn. affil.
-Due from fgn. affil.

-1.9
1.0
2.9

-4.0
1.8
5,9

-10.2
2.9
13.0

-12.3
3.2
15.5

-15.5
3.9
19.3

-16.1
4.6
20.7

-16.6
3.5
20.1

-15.3
4.7
20.0

-11.8
5.6
17.4

-10.1
10.3
20.4

-8.3
8.1
16.4

-7.9 12
8.6 13
16.5 14

15
16
17

Fgn. bkg. off. in U.S.
Due to fgn. affil.
-Due from fgn. affil.

21.5
46.9
25.4

22.7
60.4
37.7

-5.0
37.5
42.5

-14.9
31.2
46.1

-7.9
36.4
44.3

-1.6
35.6
37.2

2.3
43.0
40.6

19.2
61.6
42.4

42.0
74.7
32.7

43.5
75.0
31.4

40.3
61.8
21.5

48.4 15
69.6 16
21.3 17

13
19
20

Less: Dep. at fgn. banks
U.S.-chartered banks
Fgn. bkg. off. in U.S.

7.3
3.9
3.4

12.7
7.3
5.4

15.7
10.7
5.0

23.5
20.5
3.0

21.7
19.3
2.4

18.7
14.6
4.1

14.0
12.6
1.4

12.9
11.6
1.3

10.9
9.7
1.2

10.5
9.6
1.0

8.6
7.2
1.4

8.2 18
6.5 19
1.7 20

21
22
23
24
25
26

-8.3
-13.9
35.4
7.6
36.1
-8.3

-11.7
-33.1
33.1
9.4
40.5
-11.7

-17.3
-46.5
37.6
14.0
40.9
-17.3

-18.1
-48.1
31.4
15.7
33.7
-18.1

-27.4
-46.6
27.1
22.4
32.1
-27.4

-22.9
-43.0
26.0
19.9
28.9
-22.9

-18.3
-45.5
32.1
20.2
30.2
-18.3

-24.5
-49.7
33.5
20.4
37.5
-24.5

-28.1
-47.2
37.0
18.5
46.6
-28.1

-28.5
-44.5
43.9
18.8
53.6
-28.5

-31.0
-56.5
49.4
18.9
61.5
-31.0

-32.0
-69.0
39.3
4.6
66.7
-32.0

27
23

To U.S. banking, net
U.S.-chartered banks
Liabilities
To bank holding cos.
To fgn. off. in U.S.
Unallocated
Less, due from:
Fgn. offices in U.S.
Bank holding cos.

48.7
5.6

63.8
7.4

77.2
6.9

72.4
’ 7.1

66.9
6.7

62.3
6.8

68.6
9.0

74.7
8.5

75.8
8.3

85.1
3.3

101.4
4.6

107.1 27
1.2 28

29
30
31

Bank holding companies
Due to U.S. banks
-Due from U.S. banks

-2.0
5.6
7.6

-1.9
7.4
9.4

-7.1
6.9
14.0

-8.6
7.1
15.7

-15.7
6.7
22.4

-13.2
6.8
19.9

-11.2
9.0
20.2

-11.9
8.5
20.4

-10.2
8.3
18.5

-15,5
3.3
18.8

-14.3
4.6
18.9

-3.4 29
1.2 30
4.6 31

32
33
34

Fgn. bkg. off. in U.S.
Due to U.S. banks
-Due from U.S. banks

12.6
48.7
36.1

23.3
63.3
40.5

36.3
77.2
40.9

38.6
72.4
33.7

34.9
66.9
32.1

33.3
62.3
28.9

38.4
68.6
30.2

37.2
74.7
37.5

29.2
75.3
46.6

31.5
85.1
53.6

39.9
101.4
61.5

40.3 32
107.1 33
66.7 34

35 Total assets
36
Rest of tne world
Domestic
37
38
Monetary authority
39
Federal Reserve float
40
Loans to member banks

66.0
9.5
56.5
8.2
6.3
1.5

36.4
-17.1
53.5
6.3
4.5
1.3

-8.5
-55.3
47.2
3.4
1.3
1.6

-13.0
-62.5
49.5
3.5
2.7
0.7

-5.4
-50.3
44.9
2.5
1.6
0.9

3.0
-47.5
50.5
4.4
0.9
3.6

27.4
-30.9
58.2
4.0
1.0
3.1

61.4
-15.2
76.6
2.8
1.3
1.6

100.6
29.3
71.3
4.6
0.8
3.8

105.6
35.2
70.4
3.5
1.3
2.2

93.5
27.7
65.8
1.6
1.1
0.5

41
42
43

Commercial banking
Reserves at F.R.
Vault cash

48.3
29.3
18.5

47.2
27.4
19.8

43.7
25.1
18.6

45.6
26.1
19.5

41.1
20.1
21.0

43.8
19.6
24.2

50.3
24.7
25.5

68.1
42.5
25.7

61.7
36.9
24.9

61.6
34.0
27.6

59.7
31.1
28.7

44

Thrifts: Reserves at F.R.

45 Discrepancy--floats, etc.
BILLIONS OF DOLLARS, END OF PERIOD.




-8.3

X

-11.7

127.3
53.3
74.0
2.8
2.6
0.2

21
22
23
24
25
26

35
36
37
38
39
40

67.9 41
35.3 42
32.6 43

0.1

0.4

1.4

2.2

3.9

5.6

4.9

5.3

4.5

3.4 44

-17.3

-18.1

-27.4

-22.9

-18.3

-24.5

-28.1

-28.5

-31.0

-32.0 45

DECEMBER 7, 1994
Interbank Claims

Interbank Claims

104

L.203 Net Interbank Claims

LEVELS, 1991-im

LEVELS, 1991-1994
1991 I
IV
J

1992

I

II

III

IV

I
1

1993
I

II

III

IV

I
1

I

1994
II

III
1
2
3
4

1
2
3
4

96.4
63.0
29.4
33.6

79.4
58.8
29.5
29.3

90.3
52.4
22.7
29.7

120.9
57.9
27.7
30.2

132.8
63.9
32.1
31.9

135.7
65.1
34.5
30.6

144.3
59.9
27.7
32.2

165.4
61.7
29.9
31.7

175.2
67.6
35.0
32.7

201.6
67.2
35.7
31.4

223.9
67.8
33.4
34.4

238.9 Total liabilities
Monetary authority
61.3
Depository inst. reserves
30.1
Vault cash
31.3

5
6
7
8
9
10
11

33.4
1.2
36.3
47.3
15.3
74.5
59.2

20.6
0.6
21.8
33.1
-9.8
115.7
125.6

37.8
1.2
40.6
50.7
-14.4
110.8
125.2

63.0
0.4
67.6
77.4
-5.7
98.5
104.2

68.8
3.9
74.2
83.5
-16.9
93.8
110.7

70.6
1.1
75.3
83.7
-11.0
98.9
109.9

84.4
1.8
88.3
96.8
-ll.O
96.4
107.4

103.7
3.8
107.7
116.2
-7.3
96.9
104.2

107.5
1.0
111.3
121.3
-5.6
93.2
98.9

134.4
0.9
141.2
151.1
13.0
106.1
93.0

156.1
1.6
161.9
169.8
30.7
122.1
91.3

177.6
0.7
180.4
188.9
46.1
125.5
79.4

5
Commercial banking
To monetary authority
6
To bks.in fgn.entries,net
7
8
Liabilities, net
U.S.-chartered banks
9
Due to fgn. affil.
10
-Due from fgn. affil. 11

12
13
14

-10.7
7.9
18.5

-15.0
7.6
22.6

-10.7
8.1
18.8

-8.5
8.4
16.8

-4.7
8.9
13.5

-10.5
8.8
19.3

-6.0
7.4
13.4

-8.0
7.2
15.2

-8.2
5.1
13.3

-8.8
5.4
14.2

-13.5
5.5
19.0

-10.3
5.8
16.1

Bank holding companies 12
Due to fgn. affil.
13
-Due from fgn. affil. 14

15
15
17

42.7
75.1
32.4

57.9
77.5
19.6

75.8
81.1
5.3

91.6
80.6
-11.0

105.0
84.6
-20.4

105.2
79.2
-25.9

113.8
79.3
-34.5

131.5
82.8
-48.7

135.1
83.0
-52.0

146.9
95.2
-51.7

152.6
90.7
-61.9

153.1
88.1
-65.0

Fgn. bkg. off. in U.S. 15
Due to fgn. affil.
16
-Due from fgn. affil. 17

18
19
20

11.0
9.4
1.6

11.2
9.8
1.4

10.1
8.2
1.8

9.8
7.6
2.2

9.3
7.7
1.6

8.4
6.5
1.9

8.6
6.5
2.1

8.4
7.2
1.2

10.0
8.4
1.6

9.8
8.5
1.4

7.9
6.4
1.5

8.5
7.2
1.3

Less: Dep. at fgn. banks 18
U.S.-chartered banks
19
Fgn. bkg. off. in U.S. 20

21
22
23
24
25
26

-4.2
-47.9
49.4
2.4
51.2
-4.2

-1.8
-45.7
47.9
3.7
45.9
-1 .8

-4.0
-42.1
49.7
2.8
50.9
-4.0

-5.0
-31.6
49.4
2.4
52.0
-5.0

-9.3
-33.6
38.5
1.4
46.4
-9.3

-5.8
-30.2
40.1
1.0
44.8
-5.8

-5.7
-30.5
43.1
1.3
47.5
-5.7

-7.8
-23.9
41.6
2.0
47.4
-7.8

-4.7
-21.4
44.8
1.3
48.2
-4.7

-7.7
-27.9
36.1
1.0
42.9
-7.7

-7.4
-21.4
43.9
1.0
50.3
-7.4

-3.5
-14.0
46.3
1.1
48.7
-3.5

27
28

99.0
-1.7

95.5
-2.0

94.6
-2.8

84.2
-3.2

77.2
-5.1

75.3
-5.1

77.2
-3.6

68.4
* -2.9

66.7
-.5

64.7
-.6

64.6
0.8

59.8
0.5

29
30
31

-4.1
-1.7
2.4

-5.7
-2.0
3.7

-5.6
-2.8
2.8

-5.6
-3.2
2.4

-6.5
-5.1
1.4

-6.1
-5.1
1.0

-4.9
-3.6
1.3

-4.9
-2.9
2.0

-1.8
-.5
1.3

-1.6
-.6
1.0

-.3
0.8
1.0

32
33
34

47.8
99.0
51.2

49.6
95.5
45.9

43.7
94.6
50.9

32.2
84.2
52.0

30.8
77.2
46.4

30.4
75.3
44.8

29.7
77.2
47.5

21.0
68.4
47.4

18.5
66.7
48.2

21.8
64.7
42.9

14.3
64.6
50.3

35
36
37
38
39
40

100.5
36.3
64.3
1.2
1.0
0.2

31.2
21.8
59.4
0.6
0.5
0.1

94.3
40.6
53.6
1.2
-.2
1.4

125.9
67.6
58.2
0.4
-.2
0.6

142.1
74.2
67.9
3.9
3.3
0.7

141.5
75.3
66.2
1.1
0.3
0.8

150.0
88.3
61.7
1.8
0.2
1.5

173.2
107.7
65.5
3.8
0.9
2.9

179.9
111.3
68.6
1.0
0.9
0.1

209.3
141.2
68.1
0.9
0.4
0.5

231.3
161.9
69.4
1.6
0.9
0.7

41
42
43

60.1
26.5
33.6

55.7
26.4
29.3

49.8
20.1
29.7

55.1
24.9
30.2

60.9
29.0
31.9

62.2
31.7
30.6

56.7
24.5
32.2

58.5
26.7
31.7

64.2
31 .5
32.7

64.0
32.5
31.4

64.6
30.2
34.4

44

2.9

3.1

2.6

2.8

3.1

2.8

3.2

3.2

3.4

3.2

3.2

45

-4.2

-1.8

-4.0

-5.0

-9.3

-5.8

-5.7

-7.8

-4.7

-7.7

-7.4

BILLIONS OF DOLLARS, END OF PERIOD.




To U.S. banking, net
U.S.-chartered banks
Liabilities
To bank holding cos.
To fgn. off. in U.S.
Unallocated
Less, due from:
Fgn. offices in U.S.
Bank holding cos.

21
22
23
24
25
26

-.5
0.5
1.1

Bank holding companies
Due to U.S. banks
-Due from U.S. banks

29
30
31

11.0
59.8
48.7

Fgn. bkg. off. in U.S.
Due to U.S. banks
-Due from U.S. banks

32
33
34

242.4 Total assets
180.4
Rest of the world
62.0
Domestic
0.7
Monetary authority
Federal Reserve float
0.2
Loans to member banks
0.5
58.4
27.1
31.3

2.9

27
28

35
36
37
38
39
40

Commercial banking
Reserves at F.R.
Vault cash

41
42
43

Thrifts: Reserves at F.R.

44

-3.5 Discrepancy--floats, etc.

45

DECEMBER 7, 1994
Deposits

Deposits

105

L.204-L.206 Deposits

LEVELS, 1979-1990

LEVELS, 1979-1990
1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.204 Checkable Deposits and Currency
455.8

477.5

505.6

543.3

582.8

629.7

713.5

837.9

841.9

884.6

891.0

934.2

1

2
3
4
5

Monetary authority
U.S. govt, cash a deposits
Deposits due to foreign
Currency outside banks

112.5
4.6
0.8
107.1

121.5
3.5
0.5
117.5

132.4
4.7
0.7
126.9

142.5
5.5
0.4
136.6

155.5
4.1
0.5
150.9

165.8
5.8
0.4
159.6

182.4
9.9
0.5
171.9

194.7
8.0
0.4
186.3

211.4
5.8
0.3
205.4

229.5
9.1
0.4
220.1

239.1
6.7
0.6
231.8

264.3
9.5
0.4
254.4

2
3
4
5

6
7
8
9

Commercial banking
U.S. government deposits
Deposits due to foreign
Private domestic deposits

338.0
14.5
22.7
300.9

347.8
11.9
22.9
312.9

356.5
10.8
19.0
326.7

375.8
16.9
15.6
343.3

390.8
11.5
17.0
362.3

419.5
15.5
19.3
384.7

473.7
25.8
20.6
427.3

568.2
27.5
23.5
517.3

548.5
21.6
22.1
504.7

565.6
29.0
21.6
515.1

562.3
25.6
21.9
514.8

583.6
30.9
21.8
530.9

6
7
8
9

5.4
3.9
1.5

8.3
5.0
3.3

16.7
12.8
3.9

25.0
19.3
5.7

36.5
28.5
8.0

44.4
34.9
9.5

57.4
44.8
12.6

74.9
61.9
13.0

81.9
67.2
14.7

39,5
74.0
15.5

89.6
72.8
16.8

66.3 10
68.0 11
18.3 12

455.8

477.5

505.6

543.3

582.8

629.7

713.5

837.9

841.9

384.6

891.0

934.2 13

253.1
85.9
7.3
28.3
50.3
13.0
19.2
23.4

264.1
95.5
7.4
31.1
57.1
12.4
16.2
23.5

298.1
88.2
7.6
33.3
47.4
11.0
17.4
19.7

319.1
99.8
7.8
36.8
55.3
9.4
24.5
16.0

332.4
129.1
8.1
45.0
76.0
8.7
16.4
17.5

331.4
163.3
8.3
49.8
105.1
13.8
21.8
19.7

348.3
201.9
9.0
61.3
131.6
14.3
34.0
21.2

436.1
231.0
10.1
67.3
153.6
17.3
32.8
23.9

431.4
252.1
9.9
69.8
172.4
16.5
21.4
22.5

449.3
258.8
10.4
77.5
170.9
19.5
32.1
22.0

443.3
277.0
10.5
81.8
184.8
19.9
26.1
22.5

448.8
285.1
10.9
81.3
192.9
18.9
25.4
22.2

14
15
16
17
18
19
20
21

22
23
24
25
26
27
28
29
30
31
32
33
34
35

1 Total liabilities

10
11
12

Thrift institutions
Savings institutions
Credit unions

13 Total assets
14
15
16
17
18
19
20
21

Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
State 8 local governments
U.S. government
Rest of the world

22
23
24
25
26
27
28
29
30
31
32
33
34
35

Financial sectors
Govt.-spons. enterprises
Commercial banking
Savings institutions
Credit unions
Life insurance companies
Other insurance companies
Private pension funds
St.Sloc. govt. rtr. funds
Finance companies
Mutual funds
Money market mutual funds
Brokers and dealers
Bank personal trusts

30.1
0.5
2.4
5.2
1.1
2.7
2.9
5.1
0.6
4.6
0.7
0.1
2.2
2.1

33.1
0.5
2.8
6.8
1.2
3.2
2.9
4.2
0.6
4.7
0.8
0.2
3.0
2.1

35.5
0.7
2.9
8.8
1.6
4.3
3.0
3.4
0.6
4.8
0.8
-.5
2.8
2.2

40.9
0.6
3.4
11.6
1 .8
4.6
3.0
2.3
1.0
4.9
1.2
0.3
4.5
1.8

41.1
0.8
3.6
12.4
2.2
4.0
2.6
2.7
1.4
5.1
1.7
-.3
3.6
1.3

43.8
1.3
4.1
11.2
2.6
4.6
3.1
3,3
2.0
5.2
2.1
-1.2
3.9
1.6

54.4
2.1
4.5
12.0
3.3
5.1
4.3
4.0
2.4
5.5
3.8
0.2
6.3
0.9

65.8
3.7
4.4
12.5
4.0
5.8
5.6
4.3
3.15.9
6.5
X
8.5
1.7

63.2
3.6
3.6
10.2
4.0
4.9
5.5
5.0
4.3
6.5
6.9
-.3
7.4
1.0

67.3
3.6
3.0
12.1
4.2
4.6
5.4
4.6
4.4
7.3
7.2
0.7
9.4
1.0

68.5
2.3
2.6
11.3
4.3
5.0
6.0
5.3
3.2
8.3
8.5
0.1
9.8
0.9

33.0
2.1
2.5
11.0
4.8
4.9
6.5
5.3
4.7
9.4
8.7
11.4
10.2
1.0

36

Mail float

31.0

32.7

35.7

33.5

37.5

36.0

39.0

31.0

34.3

35.5

33.6

50.9 36

L.205 Small Time and Savings Deposits

1 Total liaoilities

1070.2

1154.1

1204.3

1342.9

1559.6

1710.8

1853.4

1978.7

2048.5

2187.8

2285.5

2349.2

1

2
3
4
5

Commercial banking
U.S.-chartered banks
Foreign banking off. in US
Banks in U.S.-aff. areas

433.9
428.8
2.3
2.8

479.9
473.6
3.1
3.2

522.1
513.7
4.0
4.4

620.1
611.4
4.1
4.5

750.9
742.2
3.3
5.4

826.0
816.8
3.8
5.4

907.9
897.2
4.9
5.8

982.1
968.7
7.1
6.3

1010.0
996.1
7.8
6.2

1084.0
1069.2
8.3
6.4

1184.7
1165.7
12.0
7.0

1307.6
1287.5
11.0
9.1

2
3
4
5

6
7
8

Thrift institutions
Savings institutions
Credit unions

636.3
580.6
55.7

674.2
616.2
57.9

681.9
621.7
60.2

722.8
654.5
68.4

808.6
727.6
81.0

884.7
792.5
92.3

945.6
833.9
111.7

996.5
358.7
137.8

1038.5
839.3
149.2

1133.8
943.4
160.5

1100.3
936.2
164.7

1041.6
362.5
179.1

6
7
8

1070.2

1154.1

1204.0

1342.9

1559-6

1710.8

1853.4

1978.7

2048.5

2187.8

2285.5

2349.2

9

1015.1
21.1
12.8
8.3
3.8
1.0
4.2
24.1
0.9

1091.2
23.9
14.5
9.4
3.4
0.8
5.7
28.1
1.0

1127.1
32.7
20.8
11.9
3.5
0.7
6.5
32.6
1.0

1248.9
37.5
22.8
14.7
5.0
1.1
11.4
37.9
1.1

1436.1
48.6
31.0
17.5
10.3
0.7
14.6
48.0
1.3

1574.2
57.5
39.0
18.5
7.7
1.2
13.9
54.3
1.4

1639.5
65.9
46.0
19.9
2.4
1.2
19.1
73.5
1.8

1783.9
73.9
52.7
21.2
2.6
1.4
25.7
38.9
2.2

1829.1
73.5
51.6
21.9
11.3
1.7
25.9
103.3
2.7

1939.5
81.6
57.2
24.4
19.0
1.4
23.2
120.0
3.1

2002.4
36.3
62.3
23.9
28.9
1.3
19.6
143.8
3.2

2063.7
85.3
62.8
23.0
36.2
1.4
19.7
134.0
3.3

10
11
12
13
14
15
16
17
18

9 Total assets
10
11
12
13
14
15
16
17
18

Household sector
Nonfinancial business
Nonfarm noncorporate
Corporate
State and local governments
U.S. government
Credit unions
private pension funds
Bank personal trusts

L.206 Large Time Deposits (1)
1 Total liabilities

257.4

316.9

378.6

395.8

384.6

471.4

488.5

492.1

541.9

595.1

613.0

546.9

1

2
3
4
5

Commercial banking
U.S.-chartered banks
Foreign banking off. in US
Banks in U.S.-aff. areas

225.6
204.5
18.3
2.8

272.3
243.8
25.3
3.2

324.3
287.7
32.1
4.4

329.9
289.6
35.3
4.5

283.3
250.8
27.1
5.4

321.1
284.7
31.0
5.4

332.1
295.6
30.7
5.8

333.6
289.0
38.3
6.3

375.0
326.7
42.1
6.2

416.3
361.9
48.4
6.4

445.7
335.3
52.9
7.0

423.6
365.4
49.2
9.1

2
3
4
5

6
7
8

Thrift institutions
Savings institutions
Credit unions

31.8
31.6
0.3

44,6
44.1
0.5

54.3
53.8
0.6

65.9
65.2
0.7

101.2
100.5
0.7

150.3
149.5
0.8

156.5
155.3
1.2

158.6
156.7
1.8

167.0
164.9
2. 1

178.3
175.9
2.5

167.3
161.7
5.5

123.3
119.9
3.4

6
7
8

9 Total assets

257.4

316.9

378.6

395.8

384.6

471.4

488.5

492.1

541.9

595.1

613.0

546.9

9

10
11
12
13
14
15

Household sector
Nonfinancial business
Nonfarm noncorporate
Corporate
State and local governments
Rest of the world

112.7
33.6
8.5
25.1
57.0
24.6

155.2
38.1
9.7
28.5
55.4
25.8

179.0
49.8
13.9
35.9
57.6
23.1

160.2
59.6
15.2
44.4
59.9
34.9

157.7
73.3
20.7
53.1
48.3
35.4

231.4
81.9
26.0
55.9
51.1
40.0

221.7
91.0
30.6
60.4
63.5
43.7

206.1
101.4
35.1
66.3
65.6
41.0

247.9
104.1
34.4
69.7
63.5
42.0

230.9
119.3
38.1
81.2
54.4
45.0

288.9
121.0
41.6
79.4
41.7
43. 1

26 0.4
118.1
41.9
76.2
31.7
42.6

10
11
12
13
14
15

16
17
18
19
20
21
22

Financial sectors
Savings institutions
Credit unions
Private pension funds
St.Slocal govt.rtr . funds
Money market mutual funds
Bank personal trusts

29.5
5.0
0.4
3.8
3.5
12.0
4.9

42.4
7.5
1.4
3.8
3.7
21.0
5.0

64.2
6.8
0.6
3.9
3.8
43.9
5.2

81.2
14.0
3.1
11.5
6.0
40.8
5.9

69.4
15.1
1.6
12.9
8.8
24.0
7.0

67.0
9.6
1.1
13.2
12.0
23.6
7.5

68.6
11.9
0.8
16.5
13.3
16.8
9.2

78.0
15.9
1.3
20.5
9.9
19.1
11.4

34.4
7.3
1.5
22.9
5.2
33.6
13.9

95.5
7.4
0.7
31.3
7.1
32.8
16.1

118.3
5.3
1. 7
44.2
9.1
41.2
16.8

94.1
5.2
1.9
41.6
7.4
21.0
17.0

16
17
18
19
20
21
22

(1) Large time deposits are those issued in amounts of $100,,000 or more.

BILLIONS OF DOLLARS, END OF PERIOD




DECEMBER 7,
Deposits

1994

Deposits

L.204-L.206 Deposits

106
LEVELS, 1991-1994

LEVELS, 1991-1994
1991
IV

1992

1
1

I

II

III

IV

I
I

1993
I

II

III

IV

I
1

I

1994
II

III

L.204 Checkable Deposits and Currency

1

1020.6

993.1

1034.5

1073.0

1134.4

1089.1

1168.0

1181.9

1251.7

1220.5

1229.3

2
3
4
5

293.5
18.3
1.0
274.2

281.8
7.6
0.4
273.9

295.7
14.2
0.2
281.2

313.4
25.1
0.6
287.7

311.1
8.0
0.2
302.8

309.9
7.3
0.3
302.3

341.0
28.8
0.3
311.9

338.0
17.7
0.5
319.8

348.2
15.2
0.4
332.6

344.6
6.6
0.5
337.6

358.1
9.7
0.6
347.7

361.8
7.2
0.4
354.3

Monetary authority
U.S. govt, cash 8 deposits
Deposits due to foreign
Currency outside banks

2
3
4
5

6
7
8
9

621.3
36.4
19.8
565.0

604.8
16.7
19.4
568.7

637.6
36.1
21.2
580.3

657.2
38.2
22.4
596.6

714.3
30.6
22.1
661.7

674.6
18.8
21.1
634.8

718.2
36.5
21.1
660.6

732.5
38.4
24.9
669.2

788.4
42.6
21.2
724.6

764.3
39.8
22.6
701.9

760.5
42.9
23.9
693.7

734.7
30.4
23.2
681.1

Commercial banking
U.S. government deposits
Deposits due to foreign
Private domestic deposits

6
7
8
9

10
11
12

105.9
85.3
20.5

106.5
84.9
21.6

101.2
78.6
22.6

102.4
78.6
23.8

109.0
84.0
25.1

104.6
79.7
25.0

108.8
83.9
24.9

111.5
85.7
25.8

115.1
88.3
26.8

111.6
84.5
27.1

110.7
83.3
27.3

110.0
82.6
27.4

Thrift institutions
Savings institutions
Credit unions

13

1020.6

993.1

1034.5

1073.0

1134.4

1089.1

1168.0

1181.9

1251.7

1220.5

1229.3

14
15
16
17
IS
19
20
21

510.8
294.4
11.8
81.4
201.2
23.5
50.9
20.8

519.4
293.1
12.3
82.7
198.2
21.3
23.4
19.8

528.0
294.3
12.7
84.0
197.6
22.7
49.0
21.4

569.1
286.7
13.2
85.4
188.1
25.0
59.3
23.0

634.6
291.2
13.6
86.8
190.8
26.6
31.7
22.3

612.6
285.7
14.1
87.1
184.6
25.5
22.7
21.4

642.5
288.2
14.5
87.6
186.1
27.9
61.8
21.3

663.3
292.3
14.9
88.1
189.3
28.2
53.9
25.4

713.1
297.4
15.3
88.8
193.3
28.0
52.2
21.6

693.1
292.9
15.7
89.5
187.6
27.9
46.0
23.0

700.8
291.6
16.1
90.4
185.1
28.9
51.7
24.6

702.8
292.8
16.5
91.4
184.9
26.5
36.4
23.6

22
23
24
25
26
27
28
29
30
3-1
32
33
34
35

76.0
1.2
1.8
12.9
5.4
5.5
5.3
4.7
5.3
10.6
12.3
-.2
10.2
1.0

76.3
1.3
1.7
11.9
6.3
5.4
5.3
4.7
5.5
10.9
13.0
-.7
10.0
1.0

75.7
1.0
1.6
11.4
6.3
5.3
5.4
4.7
6.1
11.2
13.9
-2.6
10.3
0.9

73.1
0.9
1.5
9.5
6.8
5.1
5.5
4.4
5.2
11.6
14.9
-3.9
10.7
0.9

79.1
1.2
1.3
12.4
6.6
4.8
5.6
4.6
6.1
11.9
16.1
-2.7
10.3
0.9

81.1
1.0
1.2
10.6
6.5
5.3
5.5
5.0
5.6
12.0
17.6
-1.1
11.1
0.8

81.1
0.8
1.0
10.4
6.4
5.4
5.4
4.9
5.8
12.1
19.1
-2.1
10.9
0.8

82.9
1.3
0.9
11.7
6.3
5.3
5.3
4.7
5.6
12.2
20.8
-3.2
11.1
0.8

93.1
2.1
1.0
15.4
6.5
5.2
5.2
4.6
6.8
12.3
22.2
-1.2
12.3
0.8

101.0
1.7
1.2
17.0
6.8
5.4
5.1
4.0
6.9
12.4
22.9
1.8
14.8
0.8

92.0
1.6
1.5
12.6
6.7
5.3
5.1
3.6
7.0
12.5
23.1
-1.9
14.2
0.8

36

44.3

39.8

43.5

36.8

48.8

40.1

45.1

35.9

46.4

36.6

39.7

1206.5 Total liabilities

1206.5 Total assets

1

10
11
12
13

Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate
State 8 local governments
U.S. government
Rest of the world

14
15
16
17
18
19
20
21

92.7
1.6
2.0
12.4
6.3
5.3
5.1
3.5
7.0
12.6
24.2
-1.7
13.5
0.7

Financial sectors
Govt.-spons. enterprises
Commercial banking
Savings institutions
Credit unions
Life insurance companies
Other insurance companies
Private pension funds
St.Sloc. govt. rtr. funds
Finance companies
Mutual funds
Money market mutual funds
Brokers and dealers
Bank personal trusts

22
23
24
25
26
27
28
29
30
31
32
33
34
35

31.8

Mail float

36

L.205 Small Time and Savings Deposits

1

2350.7

2347.9

2329.4

2304.8

2293.5

2275.7

2255.0

2236.6

2223.2

2233.8

2214.7

2198.3 Total liabilities

2
3
4
5

1386.5
1367.5
11.0
8.1

1397.4
1378.9
10.4
8.1

1390.6
1371.2
11.2
8.2

1388.0
1369.2
10.5
8.4

1389.3
1369.6
11.2
8.5

1390.6
1370.8
11.3
8.4

1385.2
1364.9
12.0
8.4

1378.5
1360.3
9.9
8.3

1377.4
1353.7
10.4
8.2

1384.4
1366.0
10.2
8.2

1377.9
1359.0
10.6
8.3

1376.7
1359.0
9.3
8.4

6
7
8

964.2
767.6
196.5

950.6
744.5
206.1

938.9
730.9
208.0

916.8
708.0
208.8

904.2
692.2
212.0

385.1
668.0
217.1

869.8
649.4
220.4

858.2
637.6
220.6

845.3
624.0
221.8

849.3
619.6
229.8

836.8
604.7
232.1

821.6
589.5
232.1

9

2350.7

2347.9

2329.4

2304.8

2293.5

2275.7

2255.0

2236.6

2223.2

2233.8

2214.7

2198.3 Total assets

10
11
12
13
14
15
16
17
18

2021.3
85.1
60.8
24.4
44.0
1.6
22.5
173.7
2.5

2018.6
84.6
60.7
23.9
44.0
1.9
23.1
173.4
2.3

1997.5
84.2
60.7
23.5
44.0
2.2
23.5
176.0
2.1

1973.2
84.3
60.6
23.7
44.6
2.2
21.7
177.1
1.9

1956.7
83.8
60.3
23.6
45.0
0.9
22.6
182.8
1.7

1930.9
83.2
59.5
23.7
44.9
0.9
23.8
190.5
1.6

1913.4
83.1
59.1
24.0
44.4
0.8
23.0
188.7
1.6

1893.5
84.1
58.7
25.4
43.4
0.8
23.4
189.9
1.6

1887.9
83.1
58.4
24.7
42.0
O.S
21.9
186.0
1.5

1911.7
83.5
58.3
25.2
40.1
0.7
21.9
174.3
1.5

1905.6
84.1
58.2
25.9
37.8
0.7
20.3
164.8
1.4

1890.7
83.7
58.3
25.5
35.1
0.7
22.0
164.7
1.4

1

Commercial banking
U.S.-chartered banks
Foreign banking off. in US
Banks in U.S.-aff. areas

2
3
4
5

Thrift institutions
Savings institutions
Credit unions

6
7
8

Household sector
Nonfinancial business
Nonfarm noncorporate
Corporate
State and local governments
U.S. government
Credit unions
Private pension funds
Bank personal trusts

9
10
11
12
13
14
15
16
17
18

L.206 Large Time Deposits (1)
1

488.4

475.3

44m -

438.8

415.2

410.6

401.1

389.4

391.7

382.6

378.9

402.0 Total liabilities

1

2
3
4
5

399.6
292.3
99.3
8.1

387.6
273.3
106.2
8.1

361.9
251.7
102.0
8.2

354.7
233.6
107.7
8.4

332.8
216.1
108.2
8.5

333.0
212.3
112.3
8.4

323.1
203.2
111.5
8.4

311.7
199.7
103.7
8.3

311.7
196.1
107.4
8.2

303.5
196.2
99.0
8.2

301.0
196.0
96.7
8.3

322.9
203.0
111.5
8.4

Commercial banking
U.S.-chartered banks
Foreign banking off. in US
Banks in U.S.-aff. areas

2
3
4
5

6
7
a

88.8
84.6
4.2

87.7
83.1
4.6

82.3
77.3
5.0

84.1
78.7
5.4

82.5
76.7
5.8

77.6
71.7
5.9

77.9
71.9
6.0

77.7
71.2
6.5

80.0
73.0
6.9

79.1
72.1
7.0

77.9
70.8
7.1

79.1
72.0
7.1

Thrift institutions
Savings institutions
Credit unions

6
7
8

9

488.4

475.3

444.2

438.8

415.2

410.6

401.1

389.4

391.7

382.6

378.9

402.0 Total assets

10
11
12
13
14
15

193.8
120.5
40.5
80.0
14.0
42.0

187.1
117.5
40.5
77.1
15.3
38.1

169.3
116.1
40.4
75.7
9.9
37.9

165.3
112.6
40.4
72.1
10.5
38.0

147.2
113.5
40.2
73.3
6.8
38.8

134.0
112.9
39.7
73.2
10.1
38.0

136.9
112.0
39.4
72.6
6.0
38.3

133.3
111.6
39.2
72.5
4.6
37.3

127.9
115.3
39.0
76.4
5.0
37.1

126.0
113.8
38.9
74.9
9.8
37.4

122.8
115.1
38.8
76.3
9.2
38.1

137.8
114.6
38.8
75.8
13.2
38.5

Household sector
Nonfinancial business
Nonfarm noncorporate
Corporate
State and local governments
Rest of the world

10
11
12
13
14
15

16
17
18
19
20
21
22

118.1
5.0
4.2
55.4
7.3
33.0
13.2

117.2
3.9
5.6
55.2
7.0
33.5
12.1

111.0
3.5
4.2
54.8
6.7
31.1
10.8

112.5
3.6
4.4
54.7
6.1
34.0
9.6

109.0
3.7
4.3
55.8
5.5
30.9
8.8

115.6
3.4
3.2
58.7
5.8
36.2
8.3

107,8
2.9
3.2
58.8
6.6
28.3
8.1

102.5
3.3
2.3
59.0
9.5
20.4
8.1

106.4
3.0
3.8
58.6
8.0
25.0
7.9

95.5
2.8
0.8
56.0
8.1
20.1
7.7

93.6
2.0
0.2
54.0
8.2
21.7
7.5

98.0
1.4
0.1
54.5
8.3
26.3
7.3

Financial sectors
Savings institutions
Credit unions
Private pension funds
St.&local govt.rtr.funds
Money market mutual funds
Bank personal trusts

16
17
18
19
20
21
22

(1) Large time deposits are those issued in amounts of $100,000 or more.
BILLIONS OF DOLLARS, END OF PERIOD




9

DECEMBER 7, 1994
Other Deposits and Federal Funds
■|Q7

Other Deposits and Federal Funds

L.207-L.2Q9 Other Deposits, Federal Funds and Security RPs

LEVELS, 1979-1990

LEVELS, 1979-1990

1979

I960

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

316.1
253.3
18.9
7.6
6.9
12.8
16.6

338.0
269.1
15.6
11.6
7.0
14.8
19.8

428.1
346.0
16.2
19.6
6.2
17.8
22.3

498.4
374.5
26.3
35.7
18.1
17.8
26.0

1
2
3
4
5
6
7

L.207 Money Market Mutual Fund Shares
1 Total assets
2
Household sector
3
Nonfin. corporate business
4
Funding corporations
5
Life insurance companies
6
Private pension funds
7
Bank personal trusts

45.2
38.3
3.0
0.6
1.0
1.2
1.2

76.4
62.1
7.0
0.6
1.9
2.6
2.2

186.2
148.1
18.4
1.0
5.6
6.6
6.5

219.8
180.5
19.0
l.l
6.7
4.7
7.8

179.4
149.3
11.2
2.6
4.8
5.9
5.6

233.6
192.6
16.1
2.7
7.0
6.9
8.3

243.8
194.9
14.5
3.4
9.1
9.1
12.8

292.1
230.6
18.1
6.0
10.0
11.0
16.4

L.208 Federal Funds and Security Repurchase iAgreements

1 Total liabilities
Commercial banking (net)
2
U.S.-chartered banks
3
4
Foreign banking off. in US
Bank holding companies
5
6
Savings institutions
7
REITs
Brokers and dealers (net)
8

9 Total assets
Nonfin. corporate business
10
State and local governments
11
Rest of the world
12
13
Financial sectors
14
Monetary authority
Govt.-spons. enterprises
15
16
17
18
19

Savings institutions
Credit unions
Other insurance companies
Money market mutual funds

20 Discrepancy-unallocated assets

92.7
94.3
94.3
8.1
-9.6

116.2
114.8
114.8
10.1
-8.7

144.6
129.6
129.6
15.3
-.3

176.7
138.8
138.8
13.5
24.3

188.6
153.6
150.1
3.5
26.6
8.4

224.1
155.2
152.0
3.2
43.4
25.5

250.6
186.4
178.8
7.6
40.4
23.7

298.7
205.6
189.6
16.1
57.5
35.6

292.7
215.8
201.4
14.4
85.7
-8.8

318.7
236.6
217.7
18.9
103.9
-21.9

396.5
274.5
253.3
21.2
K
57.8
64.2

372.3
248.8
219.7
29.6
-.4
42.5
81.0

1
2
3
4
5
6
7
8

52.7
18.8
8.8
4.1
21.0
2.4
4.2

74.9
28.4
14.0
4.4
28.1
3.3
6.0

98.0
33.4
13.2
4.4
47.0
3.7
9.5

128.6
42.1
15.6
6.0
64.9
5.8
14.9

154.1
48.4
30.9
6.7
68.2
2.0
12.6

192.9
48.8
42.8
6.8
94.5
2.0
20.9

226.6
55.8
51.0
7.5
112.3
5.2
26.9

264.7
65.3
56.5
10.9
132.0
16.0
29.4

277.1
66.1
77.2
13.1
120.6
1.3
27.2

324.1
74.3
96.9
13.0
139.9
6.9
33.8

369.5
70.3
98.8
17.2
183.3
2.1
61.8

369.3
64.3
75.1
16.7
213.2
18.4
68.7

9
10
11
12
13
14
15

12.0
2.4

12.3
0.7
5.6

16.8
2.4
0.1
14.5

20.8
3.2
* 4.1
16.2

22.6
4.3
13.7
13.0

26.3
4.6
17.9
22.8

22.1
8.4
23.6
26.1

19.9
10.9
23.7
32.2

19.0
9.2
24.6
39.3

20.2
9.4
27.9
41.7

24.2
12.5
27.8
54.9

21.6
14.6
31.0
59.0

16
17
18
19

40.0

41.3

46.6

48.0

34.4

31.2

24.0

34.0

15.6

-5.5

27.0

3.0 20

L.209 U.S. Deposits in Foreign Countries

1 Total rest of the world
liability, held by:
Nonfin. corporate business
Money market mutual funds

2
3

BILLIONS OF DOLLARS, END OF PERIOD




26.9

31.4

41.8

55.2

147.3

144.7

153.2

184.6

196.1

218.2

262.9

304.3

1

21.8
5.1

24.6
6.8

23.0
18.8

31.5
23.8

125.4
21.9

123.4
21.2

134.1
19.0

162.4
22.2

174.4
21.6

188.5
29.7

236.6
26.4

277.3
27.1

2
3

DECEMBER 7, 1994
Other Deposits and Federal Funds

Other Deposits and Federal.Funds

L.207-L.209 Other Deposits, Federal Funds and Security RPs
LEVELS,

1991 1
IV
1

1992

I

108
LEVELS, 1991-1994

1991-1994

II

IV

III

I
1

1993

I

II

IV

III

I
J

I

1994
II

III

L.207 Money Market Mutual Fund Shares
1
2
3
4
5
6
7

539.6
383.3
31.5
51.5
25.0
18.8
29.6

572.0
399.5
35.6
59,0
26.4
21.6
29.8

556.9
383.7
40.4
54.7
27.7
20.9
29.6

552.9
357.5
44.8
72.1
28.9
20.3
29.3

543.6
341.4
47.3
75.0
30.3
20.3
29.2

556.6
352.7
48.0
74.0
31.8
20.9
29.2

549.8
344.2
46.7
74.3
33.4
22.1
29.2

547.9
332.7
45.1
82.4
35.0
23.4
29.3

559.4
331.2
44.8
93.1
36.7
24.3
29.3

582.4
346.7
45.5
97.5
38.5
24.9
29.3

576.4
327.2
46.9
106.3
41.4
25.3
29.3

586.1 Total assets
Household sector
330.1
Nonfin. corporate.business
47.2
Funding corporations
111.0
Life Insurance companies
42.6
Private pension funds
25.8
29.4
Bank personal trusts

I
2
3
4
5
6
7

L. 208 Federal Funds and Security Repurchase Agreements

1
2
3
4
5
6
7
8

355.8
229.6
192.6
38.4
-1.4
19.6
106.7

368.4
269.1
233.2
36.6
-.6
15.7
1.4
82.2

395.4
275.6
225.3
51.8
-1.5
17.7
1.9
100.3

420.0
272.0
236.3
37.1
-1.3
16.9
2.4
128.7

392.3
272.0
234.2
39.0
-1.2
18.6
2.9
98.8

446.2
296.6
264.2
33.1
-.7
21.2
3.4
124.9

450.4
298.6
263.2
36.1
-.7
22.5
4.0
125.3

472.5
319.2
288.3
30.6
-.2
24.4
4.6
124.3

457.8
313.5
279.6
34.7
-.8
26.1
5.0
113.1

472.4
340.6
308.0
32.8
-.3
28.6
5.4
97.9

510.3
364.5
328.2
37.1
-.7
34.2
5.6
105.9

534.0 Total liabilities
370.2
Commercial banking (net)
338.3
U.S.-chartered banks
Foreign banking off. in US
32.6
Bank holding companies
-.7
Savings institutions
39.2
5.7
REITs
118.8
Brokers and dealers (net)

1
2
3
4
5
6
7
6

9
10
11
12
13
14
15

346.6
62.8
60.2
16.6
206.9
15.9
67.6

351.9
62.1
60.4
19.5
210.0
1.8
68.8

356.0
60.2
67.2
21.8
206.8
67.5

367.8
57.0
69.5
21.1
220.2
18.2
71.8

354.2
56.4
72.0
23.5
202.3
8.1
66.6

351.3
53.5
75.7
24.0
198.0
7.3
57.3

342.4
51.1
73.9
26.8
190.6
16.0
49.6

339.9
48.4
75.7
28.2
187.7
8.4
48.6

338.6
47.2
80.9
27.7
182.9
13.2
50.3

339.4
46.8
75.4
28.3
188.9
5.5
53.9

350.0
46.6
76.0
29.2
198.2
10.6
61.8

347.7 Total assets
46.4
Nonfin. corporate business
75.3
State and local governments
33.1
Rest of the world
192.8
Financial sectors
Monetary authority
2.5
66.7
Govt.-spons. enterprises

9
10
11
12
13
14
15

16
17
18
19

15.1
13.2
26.9
68.2

17.2
13.8
27.7
80.7

16.0
12.9
29.5
80.9

14.4
11.6
31.5
72.7

14.4
13.5
32.6
67.1

14.2
12.2
32.8
74.2

12.4
11.2
32.3
69.2

11.9
9.1
31.7
77.9

10.6
9.5
31.7
67.5

10.0
13.2
32.1
74.2

9.8
10.6
32.8
72.5

20

9.2

16.5

39.4

52.2

38.1

94.9

108.0

132.6

119.2

133.0

160.3

186.3 Discrepancy-unallocated assets 20

274.5 Total rest of the world
liability, held by:
Nonfin. corporate business
266.2
8.3
Money market mutual funds

8.6
9.3
33.6
71.9

Savings institutions
Credit unions
Other insurance companies
Money market mutual funds

16
17
18
19

L.:209 U.S. Deposits in Foreign Countries

1

289.6

280.6

277.5

238.3

280.1

277.1

272.8

26 0.2

258.0

264.3

273.2

2
3

268.0
21.6

260.3
20.3

260.8
16.7

266.8
21.4

259.6
20.5

258.3
18.8

253.7
19.1

247.3
12.9

247.9
10.1

252.7
11.5

264.2
9.0

BILLIONS OF DOLLARS, END OF PERIOD.




1
2
3

DECEMBER 7, 1994
U.S. Government Securities

109

U.S. Government Securities

L.210-L.211 Treasury Securities and Agency Securities
LEVELS, 1979-1990

LEVELS, 1979-1990
1979

1980

1981

1983

1982

1984

1985

1986

1987

1988

1989

1990

L.210 Treasury Securities

1 Total liabilities
2
Savings bonds
Other Treasury issuds
3

652.1
79.9
572.2

730.0
72.5
657.5

815.9
68.2
747.7

978.1
68.3
909.8

1163.4
71.5
1092.0

1360.8
74.5
1286.3

1586.6
79.8
1506.8

1802.2
93.3
1708.9

1944.6
101.1
1843.5

2082.3
109.6
1972.7

2227.0
117.7
2109.3

2465.8
126.2
2339.6

1
2
3

4 Total assets
Govt.-spons. enterprises
5
Monetary authority
6
7
Rest of the world

652.1
1.2
116.3
116.0

730.0
1.7
119.3
127.4

815.9
1.9
127.7
135.5

978.1
3.4
135.6
150.7

1163.4
2.6
150.6
163.6

1360.8
3.9
159.2
200.3

1586.6
8.4
177.8
226.4

1802.2
18.6
197.6
269.4

1944.6
23.4
222.6
296.3

2082.3
29.2
233.7
353.8

2227.0
15.9
226.8
423.8

2465.8
38.0
235.1
450.3

4
5
6
7

418.6

481.6

550.8

688.4

846.8

997.4

1174.0

1316.7

1402.3

1465.6

1560.6

1742.4

8

246.3
160.1
79.9
80.3
2.8
11.9
71.5

269.6
180.7
72.5
108.2
2.6
17.0
69.3

292.4
198.3
68.2
130.1
3.3
18.5
72.4

335.2
221.6
68.3
153.2
3.2
28.7
81.7

415.1
268.3
71.5
196.8
6.0
36.7
104.1

477.7
310.8
74.5
236.3
5.5
41.0
120.4

568.0
306.2
79.8
226.4
5.8
39.9
216.1

584.6
281.2
93.3
187.8
6.9
57.2
239.2

640.4
289.7
101.1
188.6
6.5
60.9
283.2

742.4
365.6
109.6
256.1
7.0
58.3
311.5

734.7
344.6
117.7
226.9
8.4
63.9
317.7

834.9
449.4
126.2
323.2
9.4
56.0
320.1

9
10
11
12
13
14
15

8

Total private domestic

9
10
11
12
13
14
15

Nonfinancial sectors
Household sector
Savings bonds
Other Treas. issues
Nonfarm noncorp. bus.
Nonfin. corp, business
State and local govts.

16
17
18
19
20

Commercial banking
U.S.-chartered banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

95.6
92.7
2.0
0.3
0.7

111.5
107.9
2.5
0.3
0.8

113.8
109.7
2.9
0.3
0.8

134.0
129.2
3.8
0.2
0.9

179.5
172.7
5.4
0.4
1.1

181.5
175.2
4.8
0.4
1.1

189.4
182.6
4.8
0.8
1.2

197.7
188.5
6.9
0.6
1.7

194.4
185.4
6.5
0.7
1.7

185.3
176.0
6.6
0.8
1.9

165.3
155.7
6.4
0.9
2.2

172.1
157.4
11.4
0.7
2.5

16
17
18
19
20

21
22
23
24
25
26
27
28
29
30
31
32

Nonbank financial sectors
Savings institutions
Credit unions
Life insurance companies
Other insurance cos.
Private pension funds
St.Slocal govt.rtr.funds
Mutual funds
Closed-end funds
Money mkt. mutual funds
Brokars and dealers
Bank personal trusts

76.7
11.7
0.6
4.9
10.7
26.0
14.7
1.5
0.6
1.6
-7.0
11.4

100.4
13.2
0.9
5.8
12.2
32.2
20.9
1.9
0.6
3.5
-4.7
13.8

144.6
13.3
1.0
8.2
13.5
37.2
27.6
2.8
0.6
21.5
3.0
16.1

219.1
16.6
1.3
16.5
14,1
59.8
36.9
' 5.1
0.6
42.6
9.2
16.4

252.2
31.9
2.7
28.6
17.4
76.1
48.9
5.7
0.6
22.8
-.5
17.9

338.1
39.7
3.7
41.2
23.3
90.6
67.9
11.5
0.5
25.4
12.1
22.1

416.7
34.5
6.2
51.7
28.8
115.3
32.9
52.9
0.6
24.6
-4.0
23.3

534.4
38.0
8.0
59.0
42.6
137.6
102.8
89.3
1.0
28.0
4.1
23.9

567.6
47.5
11.2
57.1
51.0
154.5
120.7
99.2
1.6
14.3
-16.7
27.2

537.9
34.9
14.4
58.6
60.0
164.1
123.9
81.5
4.8
11.6
-47.4
31.6

660.6
26.8
12.1
52.9
71.0
208.9
124.8
86.8
6.6
14.8
21.5
34.4

735.4
25.9
8.5
59.2
79.0
220.8
142.4
101.0
6.6
45.5
7.3
39.2

21
22
23
24
25
26
27
28
29
30
31
32

657.7

735.0

820.5

981.8

1167.0

1364.2

1589.9

1805.9

1949.8

2104.9

2251.2

2498.1 33

Memo:
33 U.S. govt, debt (I)
(1)

Total Treasury securities (L.210, line 1) plus budget agency securities
(L.211, line 2) and federal mortgage debt (L.216, line 7).

L.211 Agency Securities (2)
1 Total liabilities
Budget agencies
2
3
Govt.-spons. enterprises
4
Fed. related mortgage pools

235.2
4.9
135.5
94.8

278.3
4.4
159.9
114.0

323.5
4.1
190.4
129.0

387.2
3.4
205.4
178.5

455.0
3.3
206.8
244.9

529.4
3.2
237.2
289.0

629.9
3.2
257.8
368.9

808.2
3.6
273.0
531.6

978.8
5.1
303.2
670.4

1116.0
22.6
348.1
745.3

1267.1
24.2
373.3
869.5

1445.9
32.4
393.7
1019.9

1
2
3
4

5 Total assets
U.S. government
6
7
Govt.-spons. enterprises
8
Monetary authority
9
Rest of the world

235.2
O.6
8.2
6.0

278.3
0.8
8.7
8.3

323.5
1.0
9.1
9.8

387.2
0.9
8.9
9.7

455.0
0.5
8.6
9.8

529.4
0.7
8.4
10.1

629.9
0.8
8.2
14.9

808.2
0.2
7.8
22.1

978.8
0.1
7.6
26.8

1116.0
0.3
7.0
33.3

1267.1
6.2
6.5
45.5

1445.9
11.9
6.3
51.8

5
6
7
8
9

1375.9 10

220.4

260.5

303.6

367.7

436.1

510.2

505.9

778.1

944.3

1075.3

1208.8

11
12
13
14

Nonfinancial sectors
Household sector
Nonfin. corp, business
State and local govts.

61.5
22.9
1.3
37.3

67.3
30.8
1.7
34.7

66.6
31.7
1.8
33.1

59.4
15.8
1.8
41.7

59.0
10.5
1.8
46.7

80.0
33.9
1.7
44.4

110.1
43.9
1.6
64.6

103-9
31.3
1.5
71.2

123.1
70.6
1.3
51.2

171.7
133.5
1.3
36.9

235.9
182.8
1.7
51.4

280.6
198.6
2.5
79.5

11
12
13
14

15
16
17
18
19

Commercial banking
U.S.-chartered banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

52.0
50.8
0.4
0.8
-

61.8
60.5
0.4
0.9
-

71.6
70.1
Q.6
0.8
-

78.8
77.6
0.6
0.6
-

80.0
78.3
0.6
1.0
-

78.9
77.1
0.6
1.2
-

77.5
74.2
1.1
2.1
-

115.1
110.7
2.6
1.7
-

144.5
138.6
3.8
2.1
-

175.3
167.9
4.9
2.1
0.4

230.5
222.1
5.2
2.4
0.8

284.8
274.9
7.2
1.9
0.9

15
16
17
18
19

20
21
22
23
24
25
26
27
28
29
30
31

Nonbank financial sectors
Savings institutions
Credit unions
Life insurance companies
Other insurance cos.
Private pension funds
St.Slocal govt .rtr.funds
Mutual funds
Money mkt. mutual funds
ABS issuers
Brokers and dealers
Bank personal trusts

106.9
44.9
2.7
9.4
6.0
12.6
15.4
4.0
12.1

131.4
55.2
3.3
11.1
6.2
18.3
19.1
4.8
13.4

165.4
62.7
3.6
14.3
7.0
29.7
24.3
10.4
13.6

229.5
90.8
4.5
18.6
8.5
47.4
34.3
12.0
13.4

297.1
126.9
6.3
25.9
10.7
56.1
39.3
13.4
3.0
15.6

351.2
143.7
5.9
36.9
13.9
62.4
43.3
O.S
17.0
10.9
16.8

418.4
146.8
7.0
49.4
22.2
74.3
40.6
12.0
18.1
23.9
4.9
19.2

559.1
193.1
8.8
60.0
22.3
83.1
50.6
34.9
15-1
61.5
9.8
20.0

676.7
236.7
8.8
67.0
22.3
87.0
58.3
34.9
27.0
97.7
14.6
22.4

728.3
257.2
7.1
75.7
22.6
86.0
57.7
33.4
18.4
124.9
19.5
25.8

742.5
208.9
6.3
100.8
25.0
102.3
72.7
33.2
21.0
118.7
24.4
28.0

810.6
185.7
14.4
121.0
32.0
100.9
32.3
36.5
36.9
125.4
44.0
31.5

20
21
22
23
24
25
26
27
28
29
30
31

10

(2]1

Total private domestic

Issues of federal budget agencies (line 2)
Agency securities include:
such as those for the TVA; issues of government-sponsored enterprises
(line 3) such as FNMA and FHLB; and federally related mortgage-backed
securities issued by GNMA, FNMA, FHLMC, and the Farmers Home
Administration (line 4). Only the budget agency issues are considered
officially to be part of the total debt of the U.S. government,
which is shown in L.210, line 33.

BILLIONS OF DOLLARS, END OF PERIOD




DECEMBER 7, 1994
U.S. Government Securities

U.S. Government Securities

L.210-L.211 Treasury Securities and Agency Securities

110
LEVELS, 1991-1994

LEVELS, 1991-1994

1992

1991 I
IV
1

I

II

1993

I

IV

III

I

II

I

III

IV

I
1

I

1994
II

III

L.210 Treasury Securities

1
2
3

2757.8
138.1
2619.7

2844.0
142.0
2702.0

2907.4
145.4
2762.1

2980.7
150.3
2830.4

3061.6
157.3
2904.3

3120.6
163.6
2957.0

3180.6
166.5
3014.1

3222.6
169.1
3053.5

3309.9
171.9
3138.0

3361.4
175.0
3186.4

3368.0
177.1
3190.8

3403.9 Total liabilities
Savings bonds
178.6
Other Treasury issues
3225.3

1
2
3

4
5
6
7

2757.8
43.7
266.5
496.6

2844.0
56.7
265.8
512.1

2907.4
54.2
276.9
533.6

2980.7
57.9
279.7
538.1

3061.6
61.9
295.0
547.8

3120.6
59.3
298.5
562.9

3180.6
63.4
313.1
567.9

3222.6
72.0
319.4
590.5

3309.9
60.4
332.0
625.0

3361.4
66.8
337.3
635.4

3368.0
70.3
347.6
,634.0

3403.9 Total assets
Govt.-spons. enterprises
70.5
353.0
Monetary authority
654.9
Rest of the world

4
5
6
7

8

1951.0

2009.4

2042.8

2105.0

2156.8

2199.9

2236.2

2240.8

2292.4

2322.0

2316.0

2325.5

9
10
11
12
13
14
15

813.8
405.8
138.1
267.7
9.3
64.5
334.3

863.8
450.3
142.0
3Q8.2
9.4
69.4
334.8

861.4
440.0
145.4
294.6
9.5
76.9
334.9

857.7
440.9
150.3
290.5
9.7
81.4
325.7

879.9
461.5
157.3
304.3
9.9
87.1
321.4

834.5
460.2
163.6
296.6
10.2
84.4
329.6

905.9
469.6
166.5
303.1
10.6
35.4
340.3

912.4
471.2
169.1
302.1
11.0
89.0
341.2

938.6
503,4
171.9
331.5
11.3
36.4
337.6

997.5
556.1
175.0
381.1
11.7
92.7
337.0

1022.2
578.3
177.1
401.1
12.0
96.8
335.1

1062.4
632.1
178.6
453.5
12.4
96.5
321.4

16
17
IB
19
20

232.5
207.8
20.8
1.0
2.8

255.9
230.2
18.7
3.9
3.1

267.0
236.0
23.6
3.9
3.5

287.5
252.7
25.3
5.5
3.9

294.4
254.3
29.6
6.1
4.3

310.2
268.2
31.8
5.5
4.7

307.2
264.5
31.7
5.9
5.1

313.9
270.8
31.9
5.6
5.5

322.2
275.0
36.1
5.3
5.8

344.9
294.0
39.2
5.8
5.9

330.8
280.5
39.6
4.8
5.8

21
22
23
24
25
26
27
28
29
30
31
32

904.7
25.0
14.1
77.8
104.0
253.9
150.8
143.1
9.7
79.6
5.7
40.9

889.7
28.2
16.4
80.3
108.1
247.6
149.2
139.5
10.3
84.5
-15.4
40.9

914.5
29.7
18.4
32.4
110.5
256.6
153.2
138.5
10.8
79.4
-5.7
40.6

959.9
29.8
19.9
86.3
108.5
267.7
153.7
163.6
11.2
79.4
-.4
40.3

982.6
34.0
19.9
88.3
108.7
271.5
155.3
182.3
11.8
79.7
-9.6
40.1

1005.3
31.2
21.2
96.1
111.9
278.9
159.2
187.3
12.4
77.7
-10.7
40.1

1023.1
31.2
22.3
101.6
116.2
279.5
165.1
192.6
13.2
75.8
-14.8
40.3

1014.5
30.3
21.8
108.7
120.7
287.9
172.6
192.7
14.0
75.2
-49.7
40.4

1031.6
28.2
22.3
110.0
124.5
286.4
171.3
208.2
14.6
80.5
-54.7
40.4

979.6
29.3
23.4
110.0
127.7
277.2
175.0
183.4
15,0
70.5
-72.1
40.3

963.1
29.5
23.8
114.2
130.6
275.4
179.7
185.4
15.4
59.5
-90.3
40.0

33

2776.4

2859.7

2923.3

2998.9

3080.3

3140.2

3201.2

3247.3

3336.5

3387.7

3395.5

Total private domestic

8

Nonfinancial sectors
Household sector
Savings bonds
Other Treas. issues
Nonfarm noncorp. bus.
Nonfin. corp, business
State and local govts.

9
10
11
12
13
14
15

313.1
266.1
37.4
4.0
5.6

Commercial banking
U.S.-chartered banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

16
17
18
19
20

950.0
28.1
21.4
117.6
133.3
274.2
183.2
169.0
15.6
59.9
-92.0
39.7

Nonbank financial sectors
Savings Institutions
Credit unions
Life insurance companies
Other insurance cos.
Private pension funds
St.Slocal govt.rtr.funds
Mutual funds
Closed-end funds
Money mkt. mutual funds
Brokers and dealers
Bank personal trusts

21
22
23
24
25
26
27
28
29
30
31
32

Memo:
3432.5 U.S. govt, debt (1)

33

Total Treasury securities (L.210, line 1) plus budget agency securities
(L.211, line 2) and federal mortgage debt (L.216, line 7).

(1)

L.211 Agency Securities (2)

1
2
3
4

1577.9
18.6
402.9
1156.5

1601.2
15.8
405.7
1179.3

1652.7
15.9
417.8
1219.0

1696.8
18.1
434.7
1244.0

1734.0
18.8
443.1
1272.0

1770.6
19.6
451.2
1299.8

1790.3
20.6
468.4
1301.3

1865.1
24.7
510.3
1330.1

1902.9
26.6
523.7
1352.6

1980.7
26.3
563.7
1390.8

2048.5
27.4
600.3
1420.8

2104.4 Total liabilities
Budget agencies
28.5
638.3
Govt.-spons. enterprises
1437.6
Fed. related mortgage pools

1
2
3
4

5
6
7
8
9

1577.9
34.7
6.0
62.4

1601.2
40.3
6.0
65.6

1652.7
45.0
5.7
72.3

1696.3
44.9
5.5
73.7

1734.0
47.0
5.4
80.6

1770.6
46.4
5.1
82.4

1790.3
49.0
5.0
91.4

1865.1
55.1
4.8
101.1

1902.9
67.2
4.6
117.6

1980.7
75.6
4.2
124.4

2048.5
85.6
3.9
129.8

2104.4 Total assets
U.S. government
103.3
Govt.-spons. enterprises
3.8
Monetary authority
135.0
Rest of the world

5
6
7
8
9

10

1474.7

1489.4

1529.7

1572.7

1600.9

1636.7

1644.8

1704.0

1713.4

1776.5

1829.2

1862.4

11
12
13
14

287.8
194.3
4.1
89.4

274.3
188.9
4.6
80.8

281.6
191.1
5.1
85.4

296.4
210.0
5.6
80.8

319.6
237.3
6.1
76.2

312.9
227.3
6.8
78.8

276.3
208.3
7.5
60.5

261.5
197.6
8.2
55.3

272.4
228.6
3.9
34.9

321.9
281.7
10.0
30.3

374.0
345.8
11.3
17.0

392.1
373.8
11.3
7.0

Nonfinancial sectors
Household sector
Nonfin. corp, business
State and local govts.

11
12
13
14

15
16
17
18
19

335.7
321.2
11.2
2.4
1.0

345.9
331.2
11.7
1.8
1.2

357.9
341.3
13.5
1.6
1.5

371.3
353.4
13.8
2.3
1.9

378.5
360.1
14.1
2.2
2.1

398.4
377.0
17.0
2.2
2.2

408.6
385.9
18.0
2.4
2.2

417.1
393.3
19.0
2.5
2.3

423.2
396.3
21.5
3.1
2.3

425.7
394.9
25.1
3.4
2.3

429.4
398.4
24.8
3.7
2.4

428.7
398.3
24.0
3.9
2.5

Commercial banking
U.S.-chartered banks
Fgn. banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

15
16
17
18
19

20
21
22
23
24
25
26
27
28
29
30
31

851.2
145.0
19.6
154.2
42.1
108.8
83.7
48.3
41.3
111.5
54.0
32.6

869.3
140.0
22.5
.71.7
43.0
110.5
88.9
52.9
39.7
110.0
57.6
32.6

390.1
142.1
24.6

905.0
137.3
26.9
185.8
42.5
115.8
88.0
66.7
50.9
96.3
62. 1
31.9

902.9
143.0
28.7
193.0
42.6
112.1
83.1
69.5
54.3
91.4
53.0
31.8

925.4
141.8
31.9
199.3
43.0
119.5
76.4
72.3
51.1
94.4
63.8
31.9

959.5
143.7
32.7
209.2
43.5
118.3
74.8
75.2
56.8
98.3
74.7
32.3

1025.4
144.7
34.6
216.9
44.0
121.6
75.6
89.5
65.8
102.5
97.6
32.6

1017.8
147.3
36.3
222.8
44.5
114.8
79.3
85.4
68.0
107.9
78.9
32.7

1028.9
148.6
40.0
228.0
44.8
112.5
81.2
75.4
68.3
113.0
84.5
32.7

1025.8
149.7
40.4
225.4
45.1
109.9
83.7
71.4
71.2
104.4
92.2
32.4

1041.5
160.0
40.2
227.2
45.4
107.6
84.9
73.6
74.0
99.2
97.2
32.2

Nonbank financial sectors
Savings institutions
Credit unions
Life insurance companies
Other insurance cos.
Private pension funds
St.aiocal govt.rtr.funds
Mutual funds
Money mkt. mutual funds
ABS issuers
Brokers and dealers
Bank personal trusts

20
21
22
23
24
25
26
27
28
29
30
31

112.4
84.0
59.8
44.0
104.3
66.5
32.2

(2)

BILLIONS OF DOLLARS, END OF PERIOD




Total private domestic

Agency securi ties include:
issues of federal budget agencies (line 2)
such as those for the TVA; i ssues of government-sponsored enterprises
(line 3) such as FNMA and FHLB; and federally related mortgage-backed
securities issued by GNMA, FNMA, FHLMC, and the Farmers Home
Administration (line 4).
Only the budget agency issues are considered
officially to be part of the total debt of the U.S. government,
which is shown in L.210, line 33.

10

DECEMBER 7, 1994
Private Securities

Private Securities

L.212-L.215 Private Securities

111
LEVELS, 1979-1990

LEVELS, 1979-1990

1979

1980

1981

1983

1982

1984

1985

1986

1987

1988

1989

1990

L.212 Tax-Exempt Securities and Loans (1)

341.5
292.9
13.1
279.7

365.4
302.8
14.9
288.0

398.3
317.9
16.0
301.9

451.3
347.3
22.7
324.5

505.7
380.8
21.3
359.6

564.4
408.8
17.6
391.2

744.6
536.2
20.5
515.7

787.0
590.7
20.4
570.3

862.5
668.1
18.7
649.4

921.4
725.5
21.2
704.4

991.2
793.8
25.3
768.5

1039.9
838.9
29.1
809.9

1
2
3
4

13.6
35.0

16.7
45.9

21.1
59.3

29.6
74.5

41.0
83.9

51.2
104.4

81.3
127.0

79.1
117.1

78.2
116.2

79.5
116.4

81.9
115.5

85.8
115.2

5
6

7 Total assets
8
Household sector
Nonfin. corporate business
9
10
State and local governments
Commercial banking
11
12
Savings institutions

341.5
74.3
3.7
6.8
135.6
4.1

365.4
76.4
3.5
7.0
148.8
3.6

398.3
93.2
3.5
7.1
154.0
3.6

451.3
122.1
3.5
7.4
158.3
3.3

505.7
156.7
4.2
8.0
162.1
3.1

564.4
184.3
4.1
9.0
174.6
2.8

744.6
257.2
4.9
7.8
231.7
3.4

787.0
242.5
8.0
7.7
203.4
3.1

862.5
322.5
10.5
8.1
174.3
3.1

921.4
375.3
12.0
9.6
151.6
2.8

991.2
430.8
11.4
11.9
133.8
2.6

Insurance sector
Life insurance companies
Other insurance companies
Private pension funds
St.aioc. govt. rtr. funds
Mutual funds
Closed-end funds
Money market mutual funds
Brokers snd dealers
Bank personal trusts

83.1
6.4
72.8
3.9
4.0
2.2
27.7

91.3
6.7
80.5
4.1
4.4
1.9
2.5
26.0

94.9
7.2
83.9
3.9
5.1
4.2
3.0
29.6

99.7
9.0
87.0
0.6
3.1
8.0
13.2
4.6
31.2

99.2
10.0
86.7
0.5
2.0
13.4
16.8
6.5
35.7

95.9
8.7
84.7
0.9
1.5
19.1
23.8
11.0
39.9

100.6
9.7
88.2
1.5
1.1
33.5
1.0
36.3
19.9
48.2

117.9
11.7
101.9
3.6
0.7
65.3
2.0
63.8
16.6
56.9

137.3
10.7
124.8
1.1
0.8
70.7
3.3
61.4
8.3
63.1

144.8
9.1
134.1
1.1
0.5
78.7
7.5
65.7
7.5
65.9

145.4
9.0
134.8
1.4
0.3
93.6
12.1
69.4
7.1
73.0

I Total liabilities
2
State and local governments
3
Short-term
4
Other

5
6

13
14
15
16
17
18
19
20
21
22

Household sector
Nonfin. corporate business
(industrial revenue bonds)

1039.9 7
448.5 8
10.1 9
14.5 10
117.4 11
3.0 12
151.0
12.3
136.9
1.4
0.4
109.1
13.9
83.6
7.9
80.8

13
14
15
16
17
18
19
20
21
22

(1) Includes small amounts of taxable securities issued since 1986.

L.213 Corporate and Foreign Bonds
1 Total liabilities
2
Nonfin. corporate business
3
Rest of the world (2)
4
Financial sectors
Commercial banking
5
Funding corporations
6
7
Savings institutions
a
Finance companies
9
REITs
10
Brokers and dealers
ABS issuers
11

472.1
337.9
47.8
86.4
21.9
3.4
59.6
1.6
-

508.4
365.6
49.0
93.8
23.2
3.7
65.5
1.4
-

543.7
390.3
54.5
98.9
26.1
3.2
68.9
0.7
-

595.8
421.0
61.1
113.7
32.4
3.7
77.0
0.7
-

642.5
447.0
64.2
131.3
42.0
0.3
4.0
81.0
0.7
0.4
3.0

739.7
495.1
68.0
176.6
55.5
1.0
5.9
90.5
0.8
1.1
21.9

383.1
578.2
71.8
233.1
74.4
3.1
10.5
105.3
1.5
1.3
36.9

1105.6
705.4
74.9
325.4
90.5
4.6
15.4
131.6
1.8
3.4
73.1

1270.4
784.1
82.3
404.0
104.0
7.2
19.8
141.2
2.3
3.2
126.2

1432.6
887.2
89.2
456.1
109.1
6.2
21.7
1<S7.O
2.5
7.5
162.2

1581.3
961.1
94.1
526.1
113.7
4.9
18.3
162.7
2.7
13.8
210.1

1696.0 1
1008.2 2
115.4 3
572.4 4
108.9 5
7.7 6
12.7 7
173.2 8
2.8 9
15.3 10
246.7 11

12 Total assets
13
Household sector
14
Rest of the world (3)
Commercial banking
15
16
Savings institutions

472.1
45.6
27.7
9.7
21.4

508.4
31.1
36.9
10.8
27.3

543.7
31.3
47.9
10.7
24.0

595.8
24.9
68.3
11.1
30.7

642.5
28.1
74.9
16.2
42.4

739.7
31.1
90.5
21.9
53.7

383.1
30.6
126.4
31.1
56.8

1105.6
60.2
166.6
53.3
64.1

1270.4
62.3
185.4
78.1
88.2

1432.6
38.4
199.3
39.0
105.3

1581.3
60.6
211.9
84.1
91.0

1696.0
94.7
217.2
38.7
75.6

12
13
14
15
16

340.3
170.1
23.6
63.7
83.0
7.2
2.4
1.6
16.4

372.3
178.8
23.6
77.7
92.2
8.5
2.4
2.0
17.1

396.5
186.1
26.3
83.3
100.8
10.1
2.3
3.4
17.4

425.9
202.3
25.8
95.2
102.6
10.2
2.8
5.9
16.0

441.6
219.1
21.6
107.9
93.0
13.0
2.6
7.9
15.8

494.6
242.8
25.7
123.4
102.7
16.5
2.2
13.7
15.6

577.1
230.6
33.9
155.1
107.4
20.1
2.5
22.9
15.7

666.8
321.4
48.0
178.3
119.1
46.9
3.9
23.2
20.5

751.6
388.3
55.5
190.1
117.7
54.2
6.1
19.4
25. 1

862.0
457.5
65.7
203.9
134.9
63.4
16.5
29.1
24.5

983.0
511.0
79.3
226.1
166.5
74.1
16.7
32.9
27.1

1060.8
566.9
89.2
235.5
169.3
87.6
15.0
28.9
27.3

17
18
19
20
21
22
23
24
25

17
18
19
20
21
22
23
24
25

Insurance sector
Life insurance companies
Other insurance companies
Private pension funds
St.Sloe. govt. rtr. funds
Mutual funds
Closed-end funds
Brokers and dealers
Bank personal trusts

L.214 Mutual Fund Shares

1 Shares at market value

51.8

61.8

59.8

76.9

112.1

136.7

240.2

413.5

460.1

478.3

566.2

602.1

1

2 Holdings at markat value
Household sector
3
4
Nonfin. corp business
5
Commercial banking
6
Credit unions
7
Life insurance companies
8
Private pension funds
9
Bank personal trusts

51.8
39.4
1.1
0.9
5. 1
5.4

61.8
45.6
1.5
1.1
7.1
6.4

59.8
46.6
1.6
1.5
4.1
6.0

76.9
57.3
3.1
2.8
5.8
7.8

112.1
87.7
4.5
2.7
6.9
10.4

136.7
105.7
7.2
3.0
7.9
12.9

240.2
192.4
10.8
3.5
10.8
22.7

413.5
318.3
15.7
14.5
14.0
51.1

460.1
352.5
12.8
1.8
12.1
29.0
52.0

478.3
370.1
10.6
1.4
13.5
31.2
46.5

566.2
434.6
9.5
2.2
1.2
19.1
41.6
57.9

602.1
451.9
8.2
1.9
1.4
30.7
45.4
62.7

2
3
4
5
6
7
8
9

L.215 Corporate Equities (4)

1 Shares at market value
2
Nonfin. corporate business
3
Rest of the world (2)
4
Financial corporations

1175.2
929.1
14.8
231.3

1534.7
1255.8
18.9
260.0

1422.6
1133.6
16.5
272.5

1611.2
1274.3
17.4
319.4

1919.8
1536.7
26.2
357.0

1850.9
1448.4
26.0
376.5

2360.0
1797.2
41.0
521.8

2753.4
2136.0
63.0
564.5

2778.9
2243.1
69.6
466.2

3093.9
2510.8
86.0
502.2

3809.7
3173.3
119.9
516.5

3530.2
3010.6
110.0
409.5

1
2
3
4

5 Holdings at market value
6
Household sector
7
Rest of the world (3)
8
Commercial banking
9
Savings institutions

1175.2
690.0
43.3
0.1
4.7

1534.7
933.9
64.6
0.1
4.2

1422.6
839.9
64.4
0.1
3.2

1611.2
904.7
76.3
0.1
3.3

1919.8
1027.8
96.4
0.1
4.3

1850.9
951.4
96.1

2763.4
1398.6
168.9
0.1
7.0

2778.9
1383.0
175.6

3098.9
1513.7
201.0

4.1

2360.0
1210.3
125.6
0.1
5.2

7.0

8.5

3809.7
1328.5
251.2
4.7
11.0

3530.2
1716.7
221.7
2.2
8.8

5
6
7
8
9
10
11
12
13
14
15
16
17
18

K

M

K

10
11
12
13
14
15
16
17
18

Insurance sector
Life insurance companies
Other insurance companies
Private pension funds
St.Sloe. govt. rtr. fnds
Mutual funds
Closed-end funds
Brokers and dealers
Bank personal trusts

276.2
38.9
24.8
175.4
37.1
35.4
4.9
2.6
113. 0

346.3
46.3
32.3
223.5
44.3
42.4
4.9
3.3
135.0

344.8
46.2
32.4
218.5
47.8
37.4
4.2
3.5
125.0

434.5
52.9
38.5
282.9
60.2
49.4
4.1
4.9
133.9

550.2
62.2
48.1
350.3
89.6
74.4
4.3
10.0
152.4

560.5
60.3
44.7
359.0
96.5
80.6
3.7
8.9
145.5

715.4
74.0
57.0
464.4
120.1
113.7
4.2
14.1
171.4

838.6
76.4
61.2
550.9
150.2
161.2
7.5
17.7
163.8

854.1
80.5
65. 1
538.9
169.6
181.7
10.4
10.7
156.4

989.9
89.3
71.4
609.5
219.7
187.6
14.3
12.2
171.7

1225.3
106.5
34.0
734.7
300.1
250.5
17.1
14.1
207.3

1131.6
97.9
79.9
657.6
296.1
233.2
16.3
9.6
190.1

19

Memo: Market value of domestic
corporations (5)

1128.2

1475.3

1366.1

1546.2

1831.2

1767.6

2243.7

2614.1

2623.2

2914.9

3570.0

3312.1 19

(2)
(3)
(4)
(5)

Holdings of foreign issues by U.S. residents.
Holdings of U.S. issues by foreign residents.
Excludes mutual fund shares shown above.
Sum of lines 2 and 4 less the sum of lines 8, 12, 16, and 17;
line 1 excludes intercorporate holdings of nonfinancial corporations.

BILLIONS OF DOLLARS, END OF PERIOD




DECEMBER 7, 1994
Private Securities

Private Securities

L.212-L.215 Private Securities

112
LEVELS, 1991-1994

LEVELS, 1991-1994

1992

1991 I
IV
I

II

III

I
I

IV

1993

II

I

IV

III

I
I

I

1994
II

III

L.212 Tax-Exempt Securities and Loans (I)
1
2
3
4

1108.6
901.1
35.0
866.2

1118.1
908.8
34.5
874.3

1139.6
925.9
39.0
886.9

1142.7
926.2
38.0
888.2

1139.7
917.7
34.5
883.2

1160.7
937.9
35.1
902.8

1202.2
975.3
45.3
930.0

1210.0
978.5
38.2
940.3

1217.8
983.9
39.6
944.3

1222.3
985.4
38.9
946.5

1229.5
988.4
43.6
944.9

5
6

93.5
114.0

96.1
113.2

100.8
112.8

103.9
112.6

108.1
114.0

109.9
112.9

114.2
112.7

118.4
113.1

120.0
113.9

124.1
112.8

128.3
112.8

7
8
9
10
11
12

1108.6
483.3
11.7
15.9
103.2
2.4

1118.1
477.8
10.3
15.5
100.7
2.3

1139.6
485.4
11.8
15.3
98.9
2.3

1142.7
473.1
11.2
15.2
99.0
2.3

1139.7
448.6
12.3
15.3
97.5
2.1

1160.7
447.4
11.8
15.2
95.9
2.1

1202.2
465.6
12.8
14.9
96.6
2.0

1210.0
446.6
14.3
15.1
99.2
2.0

1217.8
432.6
14.4
14.8
99.2
2.1

1222.3
419.3
13.4
14.4
99.6
2.1

1229.5
429.2
13.0
13.7
99.3
2.2

13
14
15
16
17
18
19
20
21
22

138.8
10.2
126.8
1.6
0.2
137.1
26.9
89.9
9.4
89.9

139.1
10.1
127.2
1.6
0.1
145.5
31.0
96.6
7.9
91.6

141.3
10.3
129.2
1.7
0.1
154.4
34.5
93.0
10.1
92.8

144.6
10.7
131.8
1.7
0.3
164.7
37.9
91.3
9.4
94.0

147.8
11.4
134.3
1.7
0.4
173.4
40.6
94.8
11.3
96.0

150.7
11.5
136.9
1.8
0.5
186.8
42.2
99.9
9.9
98.7

154.9
12.5
140.0
1.8
0.6
198.8
43.3
97.0
14.4
102.0

159.4
13.9
143.1
1.8
0.5
211.0
43.4
99.3
14.2
105.5

163.3
14.7
146.1
1.8
0.6
217.9
44.0
103.4
17.1
108.9

166.9
15.5
149.0
1.3
0.6
221.0
44.9
114.9
13.1
112.7

168.0
14.9
150.8
1.7
0.6
219.8
45.0
111.2
12.5
115.7

1209.9 Total liabilities
State 3nd local governments
967.2
Short-term
33.5
Other
933.7
130.8
111.9

Household sector
Nonfin. corporate business
(industrial revenue bonds}

1
2
3
4
5
6

1209.9 Total assets
409.0
Household sector
Nonfin. corporate business
12.0
State and local governments
12.8
98.6
Commercial banking
Savings institutions
2.2

7
8
9
10
11
12

Insurance sector
Life insurance ccmoanies
Other insurance companies
Private pension funds
St.Sloc. govt. rtr. funds
Mutual funds
Closed-end funds
Money market mutual funds
3rokers and dealers
Bank personal trusts

13
14
15
16
17
18
19
20
21
22

168.5
14.5
151.6
1.7
0.7
220.6
45.1
110.5
12.4
118.2

(1) Includes small amounts of taxable securities issued since 1986.

L.213 Corporate and Foreign Bonds
1
2
3
4
5
6
7
8
9
10
11

1856.5
1086.9
129.5
640.0
113.2
14.7
8.6
191.3
3.0
19.0
290.4

1895.6
1106.1
129.8
659.7
116.2
18.3
7.2
189.8
3.1
19.7
305.4

1940.5
1125.5
134.4
680.5
117.9
19.6
6.6
191.9
3.3
23.1
318.3

1979.9
1140.9
137.5
701.5
122.7
23.2
5.9
191.4
3.4
22.7
332.2

2023.1
1154.4
143.9
724.8
127.6
26.4
5.5
195.3
4.0
21.7
344.3

2087.4
1175.9
160.6
751.0
131.4
34.5
5.0
197.3
4.1
19.3
359.4

2141.5
1194.8
171.9
774.8
133.3
36.8
4.3
199.9
4.2
22.8
373.6

2216.3
1212.8
193.0
810.5
134.2
39.9
4.2
204.2
4.2
26.4
397.4

2277.0
1229.6
203.4
844.1
134.9
40.0
3.9
206.0
4.3
33.7
421.2

2328.3
1238.4
210.6
879.3
134.5
52.4
3.8
211.7
4.5
31.3
441.0

2356.5
1248.1
213.4
895.0
135.1
56.8
3.5
219.6
4.8
31.3
443.9

2380.4 Total liabilities
1254.3
Nonfin. corporate business
215.0
Rest of the world (2)
911.1
Financial sectors
136.4
Commercial banking
Funding corporations
63.3
3.2
Savings institutions
228.2
Finance companies
REITs
5.2
29.4
3rox.ers and dealers
ABS issuers
445.3

1
2
3
4
5
6
7
8
9
10
11

12
13
14
15
16

1856.5
105.0
233.4
96.3
72.7

1895.6
110.9
236.7
94.5
71.8

1940.5
101.7
243.2
93.1
69.9

1979.9
92.9
249.2
96.3
73.0

2023.1
106.6
251.5
94.7
80.0

2087.4
115.6
247.7
98.5
81.7

2141.5
117.7
254.9
97.7
83.3

2216.3
116.8
261.7
99.1
88.0

2277.0
142.3
273.0
93.2
39.1

2328.3
158.4
280.8
97.3
97.4

2356.5
173.4
292.9
98.7
96.5

2380.4 Total assets
176.1
Household sector
302.7
Rest of the world (3)
101.0
Commercial banking
92.6
Savings institutions

12
13
14
15
16

17
18
19
20
21
22
23
24
25

1163.4
595.1
97.2
275.7
195.4
100.5
13.6
40.9
30.7

1180.1
607.8
97.8
272.3
202.2
110.3
14.4
44.7
32.1

1212.9
624.8
97.7
280.9
209.6
123.8
14.3
47.6
34.0

1244.9
638.8
97.4
292.4
216.3
115.2
14.3
53.2
35.8

1267.1
653.9
97.8
292.1
223.2
120.3
15.3
50.9
36.8

1299.5
674.5
98.9
303.1
223.0
130.2
17.2
59.8
37.2

1324.0
688.2
100.4
305.8
229.7
148.1
18.0
61.0
36.8

1356.7
706.6
102.0
316.8
231.4
167.6
18.6
71.7
36.2

1370.0
719.5
103.1
309.4
238.0
176.4
19.3
73.0
35.3

1383.0
736.0
103.9
299.7
243.4
179.0
20.1
77.0
35.4

1394.2
742.9
104.4
298.4
248.6
177.8
20.6
67.4
34.9

1405.7
750.4
104.7
296.7
253.9
130.8
20.7
66.5
34.4

17
18
19
20
21
22
23
24
25

Insurance sector
Life insurance companies
Other insurance companies
Private pension funds
St.Sloc. 3ovt. rtr. funds
Mutuai -unds
Closed-end funds
Brokers and dealers
3ank personal trusts

L.,214 Mutual Fund Shares
1

813.9

860.4

924.4

965.6

1042.1

1134.6

1225.8

1342.4

1429.3

1439.0

1443.1

1563.7 Shares at market value

1

2
3
4
5
6
7
8
9

813.9
592.0
10.9
3.7
2.6
46.7
64.4
93.6

860.4
619.8
13.1
4.5
3.2
51.1
69.2
99.5

924.4
669.6
13.9
4.0
3.7
56.6
73.4
103.2

965.6
687.9
14.8
4.4
3.9
63.0
78.6
113.0

1042.1
733.9
15.6
3.4
4.1
70.7
86.4
128.1

1134.6
791.1
17.0
3.7
4.3
79.9
97.0

1225.8
844.3
19.3
3.4
4.6
91.0
110.5
152.7

1342.4
915.8
20.8
3.8
4.4
102.3
124.8
170.6

1429.3
965.8
22.4
3.9
4.2
112.3
137.3
183.5

1439.0
975.4
22.3
3.0
0.1
113.2
140.7
184.4

1443.1
985.6
21.6
2.3
0.1
110.5
138.8
184.2

1563.7 Holdings at market value
Household sector
1077.9
21.6
Nonfin. corp business
2.0
Commercial banking
0.1
Credit unions
113.4
Life insurance companies
148.8
Private pension funds
194.8
3ank personal trusts

2
3
4
5
6
7
8
9

L.215 Corporate Equities (4)

1
2
3
4

4863.6
4125.7
158.8
579.0

4925.5
4185.3
166.1
573.6

4841.5
4067.5
168.9
605.2

5004.2
4216.6
177.6
609.9

5462.9
4609.2
178.1
675.6

5647.3
4717.8
190.4
739.1

5683.7
4736.4
203.0
744.3

5941.7
4906.0
233.4
802.3

6186.5
5127.0
29 7.7
761.8

6052.2
4979.2
313.8
759.3

5877.7
4815.0
307.9
754.8

6135.1 Shares at market value
5064.9
Nonfin. corporate business
323.1
Rest of the world (2)
747.2
Financial corporations

1
2
3
4

5
6
7
8
9

4863.6
2468.6
271.9
4.5
10.3

4925.5
2537.2
268.7
4.4
10.4

4841.5
2427.7
267.2
4.4
10.4

5004.2
2548.1
262.0
4.1
10.6

5462.9
2810.0
300.2
4.9
11.2

5647.3
2874.1
305.3
5.1
11.3

5683.7
2362.9
306.4
5.3
11.4

5941.7
2987.7
308.3
5.6
11.9

6186.5
3094.4
3^0.0
7.0
12.5

6052.2
2973.9
345.9
6.5
12.0

5377.7
2842.5
343.4
6.8
10.8

6135.1 Holdings at market value
2894.5
Household sector
344.0
Rest of the world (3)
6.9
Commercial banking
11.0
Savings institutions

5
6
7
8
9

10
11
12
13
14
15
16
17
18

1487.1
117.9
94.1
888.5
386.6
351.1
21 .8
14.3
234.2

1472.2
117.9
95.7
855.5
403.1
363.6
22.4
12.3
229.1

1480.9
118.6
96.2
862.4
403.7
400.3
22.5
12.7
215.6

1532.6
120.9
96.4
392.0
423.2
400.4
22.6
12.1
211.7

1630.0
121.7
97.3
962.1
448.9
451.7
23.3
14.8
216.9

1694.9
125.2
98.5
1005.3
465.8
505.6
24.7
15.8
210.5

1711.9
125.6
100.2
1017.1
469.0
546.7
25.2
19.2
194.8

1774.1
129.1
101.9
1055.2
487.3
618.0
27.0
21.5
187.1

1829.2
139.6
103.4
1079.5
506.7
663.9
29.3
24.2
131.0

1792.6
141.1
104.3
1036.1
511.1
696.0
31.7
22.3
171.4

1772.7
150.1
100.3
1028.1
494.2
697.2
30.3
19.7
154.2

1846.9
154.7
105.3
1069.5
517.4
821.3
31.9
20.0
158.6

19

4570.2

4624.7

4536.9

4691.4

5144.6

5312.7

5331.0

5552.4

5724.9

5573.7

5412.6

Memo: Market value of domestic
5647.9
corporations (5)

 BILLIONS OF


(2)
(3)
(4)
(5)
DOLLARS, END OF PERIOD

Insurance sector
Life insurance companies
Other insurance comoanies
Private pension funds
St.Sloc. govt. rtr. fnds
Mutual -unds
Closed-end funds
Brokers and dealers
Sank personal trusts

Holdings of foreign issues by U.S. residents.
Holdings of U.S. issues by foreign residents.
Excludes mutuai fund shares shown above.
Sum of lines 2 and 4 less the sum of lines 8, 12, 16, and 17;
line 1 excludes intercorporate holdings of nonfinancial corporations.

10
11
12
13
14
15
16
17
18

19

DECEMBER 7, 1994

Mortgages

Mortgages
L.216-L.217 Mortgage Markets

113
LEVELS, 1979-1990

LEVELS, 1979-1990

1979

1980

1981

1982

1984

1983

1985

1986

1987

1988

1989

1990

L.216 Total Mortgages

1 Total mortgages
Home
2
3
Multifamily
Commercial
4
Farm
5

1318.9
861.0
134.9
236.3
86.8

1460.4
965.1
142.3
255.5
97.5

1566.7
1039.8
142.1
277.5
107.2

1641.2
1081.8
145.8
302.2
111.3

1828.8
1199.4
160.9
354.8
113.7

2054.4
1335.0
185.7
421.3
112.4

2312.3
1504.6
215.5
486.4
105.9

2615.5
1707.1
251.8
561.4
95.2

2963.5
1936.1
276.1
663.5
87.7

3250.3
2171.0
293.7
702.7
83.0

3549.0
2407.8
306.5
754.2
80.5

3762.9
2616.3
309.4
753.3
78.9

1
2
3
4
5

6 Total liabilities
7
U.S. government
8
REITs

1318.9
0.7
2.0

1460.4
0.6
1.9

1566.7
0.4
1.9

1641.2
0.3
2.0

1828.8
0.2
2.1

2054.4
0.1
2.5

2312.3
0.1
2.5

2615.5

2963.5

3250.3

3549.0

3762.9

2.8

3.1

3.4

3.7

4.3

6
7
8

1316.3
838.2
478.1
86.8
264.8
126.5

1457.9
936.4
521.5
97.5
310.5
113.5

1564.3
1007.0
557.3
107.2
333.8
116.3

1638.8
1041.5
597.3
111.3
409.6
76.4

1826.4
1142.7
683.8
113.7
472.9
97.1

2051.3
1277.1
774.7
112.4
556.7
105.5

2309.7
1441.6
868.1
105.9
665.8
96.5

2612.7
1644.6
968.1
95.2
744.1
128.3

2960.3
1876.4
1084.0
37.7
804.8
191.4

3246.9
2127.8
1119.1
83. 0
850.6
185.5

3545.2
2376.9
1168.4
80.5
883.9
203.9

3758.5
2594.1
1164.4
78.9
893. 1
192.4

9
10
11
12
13
14

1318.9
85.8
11.0
23.6

1460.4
111.4
12.2
33.4

1566.7
119.0
20.3
41.0

1641.2
121.5
25.0
46.3

1823.8
121.4
29.3
54.2

2054.4
111.7
39.3
64.4

2312.3
124.8
44.0
74.2

2615.5
115.4
46.7
86.0

2963.5
171.7
41.1
94.7

3250.3
178.6
43.3
98.4

3549.0
190.2
41.1
104.7

3762.9
177.2
38.4
110.0

15
16
17
18

34.6
86.6
94.8

42.1
100.8
114.0

47.0
113.4
129.0

49.4
127.5
178.5

50.6
137.9
244.9

51.5
150.1
289.0

53.3
159.7
368.9

54.4
147.8
531.6

49.1
139.5
670.4

^8.0
144.5
745.3

47.3
150.5
869.5

982.5
245.2
569.0
565.0
4.0

1046.6
262.7
598.9
594.3
4.7

1096.8
284.2
616.6
612.2
4.4

1093.0
301.3
580.6
576.3
' 4.2

1190.5
330.5
633.9
626.9
7.0

1348.4
379.5
719.4
710.1
9.2

1487.4
429.2
778.0
765.7
12.4

1633.7
502.5
804.1
784.8
19.3

1797.0
591.4
854.2
824.3
29.9

1992.2
669.2
926.1
888.0
38.1

2145.6
763.5
917.4
872.5
44.8

2178.4
849.3
828.7
779.0
49.7

22
23
24
25
26

131.8
118.4
0.7
3.1
9.6

146.5
131.1
1.0
3.6
10.9

155.5
137.7
1.3
3.9
12.5

166.4
142.0
1.6
9.1
13.8

177.9
151.0
2.3
9.9
14.7

184.6
156.7
2.7
10.0
15.3

202.9
171.8
3.3
12.5
15.3

229.2
193.8
4.3
15.5
15.6

246.2
212.4
5.0
13.5
15.4

271.8
232.9
5.6
17.7
15.6

301.1
254.2
6.5
25.1
15.3

314.6
267.9
6.9
23.8
16.1

27
28
29
30
31

11.3
16.8
4.9
3.6

13.8
16.1
4.2
4.4

16.8
16.4
2.6
4.7

18.7
18.6
2.6
4.8

20.5
19.5
2.7
5.5

23.8
21.6
3.5
11.0
5.0

28.6
24.7
5.9
13.0
5.0

34.2
36.6
5.9
16.6
4.5

42.2
23.9
7.0
28.5
3.7

47.3
29.0
7.8
37.3
3.7

53.8
49.2
3.4
48.3
4.1

65.5
49.2
7.7
59.2
4.2

32
33
34
35
36

9
10
n
12

13
14

Private nonfinancial sectors
Household sector
Nonfinancial business
Farm
Nonfarm noncorporate
Corporate

15 Total assets
Household sector
16
17
Nonfarm ncncorp. business
State and local governments
18

19
20
21

22

23
24
25
26

U.S. government
Govt.-spons. enterprises (1)
Fed. related mortgage pools
Private finan. institutions
Commercial banking
Thrift institutions
Savings institutions
Credit unions

30
31

Insurance sector
lire insurance companies
Other insurance cos.
Private pension funds
St.Sloc. govt. rtr.funds

32
33
34
35
36

Finance companies
Mortgage companies
REITs
ABS issuers
Bank personal trusts

27
28
29

X

X

X

X

X

82.9 19
156.1 20
1019.9 21

(1) FHLB loans to members are included in "other loans" category.

L.217 Home Mortgages (2)
1 Total liabilities
2
Household sector
Nonfarm noncorp. business
3
4
Nonfin. corporate business

861.0
808.6
42.0
10.3

965.1
904.9
49.4
10.7

1039.8
973.3
55.5
11.1

1081.8
1004.7
65.6
11.5

1199.4
1092.3
94.6
12.0

1335.0
1220.2
102.2
12.6

1504.6
1378.8
112.5
13.3

1707.1
1573.7
119.4
14.0

1936.1
1795.3
126.1
14.7

2171.0
2023.1
132.5
15.4

2407.8
2253.1
138.7
16.0

2616.3
2455.0
144.7
16.6

1
2
3
4

5 Total assets
6
Household sector
7
Nonfarm noncorp. business
State and local governments
8

861.0
39.6
3.3
11.3

965.1
62.3
3.7
19.7

1039.8
72.3
6.5
25.6

1081.3
78.3
8.5
28.6

1199.4
74.0
10.0
33.7

1335.0
67.8
13.3
39.2

1504.6
80.3
13.9
45.0

1707.1
67.1
16.1
49.0

1936.1
107.4
15.0
50.1

2171.0
131.5
17.1
52.6

2407.8
149.7
17.1
57.3

2616.3
119.5
16.9
60.9

5
6
7
8

9
10
11
12

U.S. government
Govt.-soons. enterprises
Fed. related mortgage pools
Commercial banking

15.6
50.1
88.4
149.5

18.3
57.3
107.1
160.4

20.7
64.0
125.0
170.3

22.1
74.3
174.3
173.8

22.9
83.7
239.5
132.5

23.5
94.4
283.0
196.2

24.4
106.6
361.5
213.4

24.1
101.4
519.7
235.8

20.8
98.9
654.0
276.3

21.0
104.7
723.6
314.3

21.3
110.0
342.3
368.6

37.9
9
115.3 10
990.4 11
453.0 12

13
14
15

Thrift institutions
Savings institutions
Credit unions

454.9
450.9
4.0

483.1
478.5
•4.7

499.4
494.9
4.4

460.7
456.4
4.2

490.4
433.4
7.0

540.4
531.1
9.2

574.1
561.7
12.4

537.6
563.3
19.3

6 03.1
573.2
29.9

679.7
641.6
38.1

675.8
631.0
44.8

627.3 13
577.6 14
49.7 15

16
17
18
19

Insurance sector
Life insurance companies
Private pension funds
St.Sloc. govt. rtr. funds

20.4
16.1
1.2
3.1

22.9
17.9
1.4
3.5

22.5
17.2
1.5
3.8

23.9
16.8
3.3
3.9

22.0
15.3
2.8
3.9

21.6
14.1
3.7
3.8

20.0
12.4
3.9
3.7

21.3
12.8
5.3
3.2

19.0
13.2
2.3
3.5

17.6
11.2
3.0
3.4

21.2
12.2
5.6
3.4

24.7
13.0
8.2
3.5

16
17
13
19

20
21
22
23
24

Finance companies
Mortgage companies
REITs
ABS issuers
Bank personal trusts

11.3
12.0
0.5
3.6

13.8
11.0
0.4
4.4

16.8
11.2
0.3
4.7

18.7
13.4
0.3
4.8

20.5
14.3
0.2
5.5

23.8
15.7
0.2
11.0
5.0

28.6
13.5
0.3
13.0
5.0

34.2
29.5
0.3
16.6
4.5

42.2
17.7
0.3
27.3
3.7

47.3
22.6
0.4
34.9
3.7

53.8
42.3
0.4
43.3
4.1

65.5
41.9
0.4
53.3
4.2

20
21
22
23
24

(2) Mortgages on 1-4 family structures.

BILLIONS OF DOLLARS, END OF PERIOD




DECEMBER 7, 1994
Mortgages

Mortgages

114

L.216-L.217 Mortgage Markets
LEVELS,

LEVELS, 1991-1994

1991-1994

1992

1991 I
IV
I

II

III

1993

I
I

IV

II

III

IV

1994
II

I
I

III

L.216 Total Mortgages

1
2
3
4
5

3924.8
2780.0
306.4
759.0
79.3

3959.1
2823.5
309.0
747.4
79.2

3982.8
2857.2
304.8
741.0
79.8

4024.5
2915.4
302.0
726.6
80.5

4049.3
2959.6
295.4
713.9
80.4

4067.2
2979.3
294.1
713.0
80.8

4116.0
3038.1
291.4
705.5
81.0

4174.2
3098.3
290.7
704.0
81.1

4215.5
3147.3
290.5
696.5
81.2

4239.5
3178.4
289.0
690.7
81.4

4290.6
3225.1
290.1
692,6
82.9

4346.6 Total mortgages
3276.0
Home
291.9
Multifamily
Commercial
694.8
Farm
83.8

1
2
3
4
5

6
7
8

3924.8

3959.1

4116.0

4174.2

4215.5

4239.5

4290.6

5.1

4049.3
*
5.4

4067.2

5.0

3982.8
*
5.0

4024.5

4.8

5.7

6.0

7.6

8.9

9.0

9.1

4346.6 Total liabilities
U.S. government
REITs
9.2

6
7
8

9
10
11
12
13
14

3920.0
2765.2
1154.8
79.3
882.4
193.1

3954.1
2813.0
1141.1
79.2
877.7
184.2

3977.7
2845.7
1132.0
79,8
870.3
181.9

4019.3
2908.4
1110.9
80.5
858.3
172.1

4043.9
2952.0
1091.9
80.4
845.9
165.6

4061.5
2975.6
1085.9
80.8
840.8
164.3

4109.9
3038.7
1071.2
81.0
831.5
158.7

4166.6
3100.2
1066.4
81.1
827.0
158.3

4206.5
3151.6
1055.0
81.2
823.6
153.2

4230.5
3184.3
1046.1
81.4
816.8
148.0

4281.5
3230.7
1050.8
82.9
817.9
150.0

4337.4
3282.1
1055.3
83.8
819.7
151.8

15
16
17
18

3924.8
162.1
34.8
113.7

3959.1
163.1
34.4
113.7

3982.8
163.9
34.0
113.9

4024.5
165.2
33.6
113.8

4049.3
166.2
33.1
113.7

4067.2
168.4
32.0
113.7

4116.0
170.9
30.8
110.6

4174.2
174.1
29.6
109.5

4215.5
177.1
28.4
108.3

4239.5
177.7
27.1
107.8

4290.6
183.2
26.3
107.9

4346.6 Total assets
186.7
Household sector
Nonfarm noncorp. business
25.5
107.4
State and local governments

19
20
21

98.3
167.9
1156.5

102.5
175.9
1179.8

97.8
180.3
1219.0

90.6
186.9
1244.0

86.4
199.9
1272.0

81.9
205.1
1299.8

76.4
222.6
1301.3

73.2
233.4
1330.1

70.9
246.6
1352.6

66.8
256.7
1390.8

66.5
261.2
1420.8

67.5
266.8
1437.6

19
U.S. government
Govt.-spons. enterprises (1) 20
Fed. related mortgage pools
21

22
23
24
25
26

2191.6
881.3
758.2
705.4
52.8

2139.7
886.3
733.4
682.3
51.0

2173.9
890.5
713.3
659.6
53.7

2190.5
897.2
701.0
648.2
52.8

2178.0
900.5
681.8
628.0
53.8

2166.3
898.0
671.7
617.2
54.6

2203.3
917.6
667.5
612.4
55.1

2224.4
929.6
665.1
609.7
* 55.4

2231.5
947.7
654.3
598.3
56.0

2212.6
945.4
642.0
584.5
57.5

2224.8
964.4
644.4
585.7
58.7

2255.1
989.0
647.9
587.4
60.5

Private finan. Institutions
Commercial banking
Thrift institutions
Savings institutions
Credit unions

27
28
29
30
31

320.9
265.3
6.5
32.2
16.9

317.6
263.3
6.4
31.3
16.2

313.1
259.3
6.3
31.7
15.9

307.1
253.9
6.1
32.5
14.6

301.4
246.7
5.9
35.2
13.6

301.8
244.4
5.6
36.2
15.6

298.6
242.2
5.2
36.7
14.5

295.7
237.6
4.8
38.2
15.1

287.1
229.1
4.5
39.0
14.5

280.5
224. 0
4.2
37.7
14.6

277.0
220.3
4.0
37.2
14.9

273.1
215.5
3.9
38.8
14.9

Insurance sector
Life insurance companies
Other insurance cos.
Private pension funds
St.Sloc. govt, rtr.funds

27
28
29
30
31

32
33
34
35
36

65.8
60.3
7.0
94.2
4.0

66.4
66.1
6.8
109.1
4.0

66.8
56.4
7.5
122.4
4.0

68.8
63.7
7.4
141.5
3.9

68.4
60.5
8.1
153.5
3.9

72.5
47.9
8.1
162.4
3.8

71.4
64.1
8.3
172.0
3.7

71.1
63.8
8.6
186.9
3.7

71.7
60.4
8.6
193.2
3.6

72.1
46.6
8.8
213.7
3.5

73.8
30.0
9.0
222.9
3.5

76.6
25.0
9.1
230.9
3.4

Finance companies
Mortgage companies
REITs
ABS issuers
Bank personal trusts

32
33
34
35
36

X

X

X

X

X

X

X

X

X

X

Private nonfinancial sectors
Household sector
Nonfinancial business
Fam
Nonfarm noncorporate
Corporate

9
10
11
12
13
14
15
16
17
18

22
23
24
25
26

(1) FHLB loans to members are included in "other loans” category.

L.217 Home Mortgages (2)
1
2
3
4

2780.0
2613.7
149.3
17.0

2823.5
2655.9
150.4
17.1

2857.2
2638.3
151.6
17.2

2915.4
2745.3
152.7
17.4

2959.6
2788.1
153.9
17.5

2979.3
2806.4
155.2
17.7

3038.1
2863.8
156.4
17.8

3098.3
2922.7
157.7
17.9

3147.3
2970.1
159.0
18.1

3178.4
2999.8
160.4
18.2

3225.1
3045.0
161.7
18.4

3276.0 Total liabilities
Housencld sector
3094.4
Nonfarm noncorp. business
163.1
Nonfin. corporate business
18.5

1
2
3
4

5
6
7
8

2780.0
100.3
16.6
62.9

2823.5
101.1
16.3
62.7

2857.2
102.0
17.0
62.3

2915.4
103.6
17.2
62.6

2959.6
105.2
17.4
62.3

2979.3
106.4
17.3
62.2

3038.1
108.8
17.2
58.6

3098.3
111.4
17.0
57.7

3147.3
113.6
16.9
56.3

3178.4
113.1
16.7
55.6

3225.1
117.5
16.6
55.4

3276.0 Total assets
120.2
Household sector
16.4
Nonfara noncorp. business
State and local governments
54.7

5
6
7
8

9
10
11
12

37.1
126.2
1130.4
485.6

38.2
133.7
1154.1
492.7

37.2
137.9
1194.0
495.6

34.5
144.1
1219.3
504.8

35.1
156.7
1248.2
510.8

33.6
161.8
1276.6
510.8

30.8
178.9
1278.7
530.5

29.0
189.0
1307.7
541.6

27.9
201.9
1330.2
560.7

25.9
211.8
1368.5
558.3

25.3
215.9
1398.5
574.4

25.6
221.4
1415.5
594.1

13
14
15

591.2
538.4
52.3

575.6
524.5
51.0

562.2
508.5
53.7

554.4
501.6
52.8

543.4
489.6
53.8

535.0
<580.4
54.6

535.8
480.7
55.1

533.9
478.5
55.4

525.9
470.0
56.0

515.6
458. 1
57.5

521.0
662.2
58.7

527.0

16
17
18
19

22.5
11.5
7.2
3.7

22.7
12.2
7.2
3.3

22.8
12.0
7.1
3.7

22.5
11.8
7.2
3.5

22.5
11.4
7.7
3.4

21.4
10.1
7.9
3.4

21.5
10.0
8.0
3.5

21.5
9.8
8.3
3.4

21.4
9.5
8.5
3.5

20.9
9.2
3.1
3.6

20.9
9.1
8.1
3.7

21.1
8.9
8.5
3.8

20
21
22
23
24

65.3
53.1
0.4
84.0
4.0

66.4
59.0
0.7
95.6
4.0

66.8
48.8
0.8
105.7
4.0

68.8
55.9
0.8
123.0
3.9

68.4
52.7
0.9
132.0
3.9

72.5
40.1
0.9
137.0
3.8

71.4
56.3
0.9
145.0
3.7

71.1
55.8
0.9
158.0
3.7

71.7
52.2
0.9
164.0
3.6

72.1
38.4
1.0
177.0
3.5

73.8
21.8
1.0
179.5
3.5

76.6
16.3
1.0
182.3
3.4

466.4

60.5

U.S. government
Govt.-soons. enterorises
rad. related mortgage pools
Commercial banking

9
10
ll
12

Thrift institutions

13
14
15

Savings institutions

Credit unions
Insurance sector
Life insurance comoanies
Private pension funds
St.Sloc. govt. rtr. funds

16
17
18
19

Finance companies
Mortgage companies
REITs
ABS issuers
3ank personal trusts

20
21
22
23
24

(2) Mortgages on 1-4 family structures.
BILLIONS OF DOLLARS, END OF PERIOD




DECEMBER 7, 1994
Mortgages, Continued

Mortgages, Continued
L.218-L.220 Mortgage Markets, Continued

lit

LEVELS, 1979-1990

LEVELS, 1979-1990
1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.218 Multifamily Residential Mortgages
1 Total liabilities
Nonfarm noncorp, business
2
Nonfin. corporate business
3
REITs
4
U.S. government
5

134.9
121.4
12.1
0.6
0.7

142.3
128.7
12.5
0.6
0.6

142.1
128.2
12.8
0.6
0.4

145.8
131.6
13.3
0.7
0.3

160.9
146.2
13.8
0.7
0.2

185.7
170.4
14.4
0.8
0.1

215.5
199.6
15.0
0.8
0.1

251.8
235.1
15.8
0.9
X

276.1
258.6
16.5
1.0
X

293.7
275.4
17.1
1.1
X

306.5
287.5
17.8
1.2
X

309.4
289.6
18.3
1.4
X

1
2
3
4
5

6 Total assets
Household sector
7
Nonfarm noncorp, business
8
State and local governments
9

134.9
11.2
2.1
9.2

142.3
12.0
2.3
10.7

142.1
10.3
4.0
11.9

145.8
9.8
5.0
13.3

160.9
11.2
6.1
15.7

185.7
11.4
8.1
20.2

215.5
13.4
8.8
23.4

251.8
17.2
9.8
30.4

276.1
21.9
8.8
37.4

293.7
23.9
9.4
38.5

306.5
22.8
9.2
39.7

309.4
21.5
9.0
40.7

6
7
8
9

10
11
12
IS
14

U.S. government
Govt.-spons. enterprises
Fed. related mortgage pools
Commercial banking
Savings institutions

8.6
6.6
5.3
11.2
54.1

10.4
6.7
6.0
12.9
54.2

11.4
5.5
3.2
15.0
53.7

11.1
5.4
3.6
16.5
53.6

10.7
5.3
4.8
18.4
60.5

10.1
6.5
5.5
20.3
74.7

10.2
8.5
7.0
23.4
89.2

11.1
8.7
11.9
31.2
96.4

11.5
8.4
16.4
33.3
103.5

11.8
9.5
21.6
34.1
107.1

12.3
12.0
27.2
38.0
104.4

22.9
13.2
29.5
37.0
91.8

10
11
12
13
14

15
16
17

Life insurance companies
Private oension funds
St.aioc. govt. rtr. funds

19.2
0.5
3.3

19.5
0.3
3.8

19.3
0.3
4.7

18.9
0.4
5.4

19.1
0.4
6.0

18.9
0.7
6.0

19.9
2.1
6.0

21.0
3.6
6.1

22.5
2.6
5.7

24.6
2.9
5.5

26.9
4.1
5.2

29.0 15
3.9 16
5.1 17

18
19
20

Mortgage companies
REITs
ABS issuers

2.0
1.6

2.2
1.3

2.1
0.8

2.2
0.8

1.8
0.9

1.8
1.3

2.0
1.8

2.7
1.8

■

■

1.8
2.1
0.2

2.0
2.4
0.4

1.8
2.5
0.5

2.8 18
2.3 19
0.7 20

L.219 Commercial Mortgages

1 Total liabilities
Household sector
2
Nonfarm noncorp, business
3
4
Nonfin. corporate business
REITs
5

236.3
29.6
101.4
104.0
1.3

255.5
31.5
132.4
90.3
1.3

277.5
33.8
150.1
92.4
1.3

302.2
36.8
212.4
51.7
1.4

354.8
49.9
232.1
71.3
1.4

421.3
56.9
284.2
78.6
1.7

486.4
62.8
353.7
68.2
1.7

561.4
70.9
389.6
99.1
1.9

663.5
81.0
420.1
160.3
2.1

702.7
104.7
442.7
153.1
2.3

754.2
123.7
457.8
170.2
2.5

758.3
139.1
458.9
157.5
2.9

1
2
3
4
5

6 Total assets
7
Household sector
Nonfarm noncorp, business
8
State and local governments
9

236.3
7.1
5.5
1.5

255.5
7.3
6.1
1.7

277.5
4.8
9.6
2.2

302.2
2.3
11.1
3.1

354.8
5.1
12.9
3.4

421.3
4.7
17.3
3.7

486.4
6.6
20.7
4.4

561.4
10.9
20.2
5.1

663.5
24.4
16.6
5.7

702.7
8.4
16.2
5.8

754.2
4.1
14.2
6.2

758.3
24.1
11.8
6.9

6
7
8
9

10
11
12

U.S. government
Commercial banking
Savings institutions

4.5
76.0
59.9

5.7
80.8
61.6

6.7
90.6
63.5

7.4
102.6
66.3

7.8
120.2
82.8

8.1
152.9
103.8

8.3
181.0
114.1

8.4
222.8
119.4

6.6
267.3
146.9

5.3
305.2
138.6

4.4
340.3
136.5

13.4 10
337.1 11
109.2 12

13
14
15
16

Life insurance companies
Other insurance companies
Private pension funds
St.aioc. govt. rtr. funds

70.9
0.7
1.4
3.2

80.7
1.0
1.8
3.5

88.2
1.3
2.1
3.9

93.5
1.6
5.4
4.5

103.8
2.3
6.7
4.8

111.2
2.7
5.6
5.4

127.7
3.3
6.5
5.6

149.1
4.3
6.5
6.3

166.7
5.0
8.6
6.2

187.5
5.6
11.8
6.7

205.5
6.5
15.5
6.6

215.1
6.9
11.7
7.5

17
18
19

Mortgage companies
REITs
ABS issuers

2.8
2.8

3.0
2.4

3.1
1.6

3.0
1.5

3.4
1.5

4.1
1.9

4.2
3.8

4.4
3.9

4.4
4.5
0.5

4.4
5.1
2.1

4.5
5.4
4.5

■

13
14
15
16

4.5 17
5.0 18
5.2 19

L.220 Farm Mortgages

1 Total liabilities

86.8

97.5

107.2

111.3

113.7

112.4

105.9

95.2

87.7

83.0

80.5

78.9

1

2 Total assets
Household sector
3
Nonfarm noncorp, business
4
State and local governments
5

86.8
28.0
0.1
1.0

97.5
29.7
0.1
1.2

107.2
31.1
0.3
1.4

111.3
31.1
0.4
1.4

113.7
31.1
0.3
1.3

112.4
27.9
0.6
1.4

105.9
24.5
0.6
1.4

95.2
20.2
0.6
1.5

87.7
18. 0
0.7
1.5

83. 0
14.9
0.7
1.5

80.5
13.6
0.7
1.5

78.9
12.0
0.7
1.5

2
3
4
5

U.S. government
Govt.-spons. enterprises
Fed. related mortgage pools

5.9
29.9
1.0

7.7
36.3
0.9

8.3
43.9
0.7

8.8
47.8
0.6

9.2
48.9
0.5

9.3
49.2
0.5

10.4
44.7
0.4

10.7
37.6
0.1

10.2
32.1
0.1

9.8
30.2
X

9.3
28.4
*

8.6
27.6
X

6
7
3

Commercial banking
Savings institutions
Life insurance companies
St.Sloc. govt. rtr. funds

8.6
X
12.1
X

8.6
*
13.0
*

8.4
X
13.1
X

8.4
x
12.8
w

9.4
0.2
12.7
-

10.2
0.5
12.5
-

11.4
0.7
11.9
-

12.7
0.7
11.0
-

14.4
0.8
9.9
-

15.5
0.7
9.6
-

16.7
0.7
9.6
-

17.2 9
0.5 10
10.8 11
12

6
7
8

9
10
11
12

BILLIONS OF DOLLARS, END OF PERIOD.




DECEMBER 7, 1994
Mortgages, Continued

Mortgages, Continued

116

L.218-L.220 Mortgage Markets, Continued

LEVELS, 1991-1994

LEVELS, 1991-1994

1991
IV

1
1

1992

][

III

II

IV

1
1

1993

III

II

I

IV

1
I

1994
II

I

III

L.218 Multifamily Residential Mortgages
290.7
268.5
19.7
2.5

290.5
267.6
19.9
3.0

289.0
266.0
20.0
3.0
*

290.1
266.9
20.2
3.0
*

291.9 Total liabilities
Nonfarm noncorp. business
268.5
Nonfin. corporate business
20.3
REITs
3.0
X
U.S. government

1
2
3
4
5

291.4
21.4
7.9
42.7

290.7
21.5
7.7
42.8

290.5
21.8
7.5
42.8

289.0
21.9
7.2
42.9

290.1
22.3
7.0
43.0

291.9 Total assets
22.7
Household sector
6.7
Nonfarm noncorp. business
43.1
State and local governments

6
7
8
9

26.1
16.5
23.2
37.4
70.6

24.8
16.7
22.6
38.1
68.3

23.8
17.3
22.3
37.7
68.4

23.1
17.9
22.5
38.6
67.4

21.9
18.3
22.3
38.5
66.9

21.7
18.5
22.3
37.9
66.2

21.9
18.6
22.1
38.1
65.6

U.S. government
Govt.-spons. enterorises
Fed. related mortgage pools
Commercial banking
Savings institutions

10
11
12
13
14

27.8
1.6
4.2

27.6
1.7
4.0

27.4
1.7
4.1

26.3
1.8
4.0

25.8
1.8
4.1

25.2
1.3
4.1

24.9
1.7
4.1

24.2
1.8
4.2

Life insurance companies
Private pension funds
St.&loc. govt. rtr. funds

15
16
17

3.0
5.3
6.3

3.0
5.2
6.7

3.1
5.4
7.4

3.0
5.5
8.0

3.1
5.5
8.7

3.1
5.7
9.2

3.1
5.8
11.5

3.1
5.9
13.9

Mortgage companies
REITs
ABS issuers

18
19
20

1
2
3
4
5

306.4
286.0
18.8
1.6

309.0
288.5
18.9
1.7

304.8
284.1
19.0
1.7
*

302.0
281.1
19.2
1.7

295.4
274.3
19.3
1.8

294.1
272.8
19.4
1.9

291.4
269.8
19.6
2.0

6
7
8
9

306.4
22.6
8.4
41.7

309.0
22.6
8.4
41.8

304.8
22.2
8.4
42.1

302.0
21.9
8.4
42.2

295.4
21.2
8.3
42.4

294.1
21.4
8.1
42.5

10
11
12
13
14

31.9
14.6
26.1
36.9
79.9

33.6
15.1
25.6
37.0
77.2

30.7
15.3
25.0
37.7
74.8

28.8
15.7
24.7
38.8
73.7

27.6
16.2
23.8
38.0
69.8

15
16
17

29.6
1.5
4.8

29.7
1.5
4.7

29.2
1.5
4.5

28.6
1.5
4.3

18
19
20

2.7
2.2
3.7

2.7
4.5
4.7

2.7
4.9
5.8

2.9
4.8
5.8

X

X

X

X

X

X

X

X

L.219 Commercial Mortgages

1
2
3
4
5

759.0
151.5
447.0
157.3
3.2

747.4
157.1
438.8
143.2
3.4

741.0
157.4
434.6
145.6
3.4

726.6
163.1
424.4
135.6
3.4

713.9
163.9
417.6
128.8
3.6

713.0
169.2
412.7
127.2
3.3

705.5
174.9
405.2
121.3
4.0

704.0
177.5
400.8
120.7
5.1

696.5
181.4
393.9
115.3
6.0

690.7
184.5
390.4
109.7
6.0

692.6
185.7
389.3
111.5
6.1

694.8 Total liabilities
Household sector
187.7
388.1
Nonfarm noncorp. business
113.0
Nonfin. corporate business
6.1
REITs

1
2
3
4
5

6
7
8
9

759.0
26.3
9.0
7.7

747.4
26.7
8.4
7.7

741.0
27.1
7.8
8.0

726.6
27.0
7.2
7.5

713.9
27.1
6.5
7.5

713.0
27.7
5.7
7.5

705.5
28.5
4.9
7.8

704.0
29.5
4.1
7.5

696.5
30.1
3.2
7.7

690.7
30.9
2.3
7.9

692.6
31.4
1.9
8.0

694.8 Total assets
31.3
Household sector
1.5
Nonfarm noncorp. business
8.2
State and local governments

6
7
8
9

10
11
12

21.2
340.3
86.7

22.6
337.7
80.3

21.3
337.6
75.9

18.4
333.7
72.5

14.6
331.8
68.2

13.1
329.8
65.8

11.5
328.5
63.1

10.9
329.5
62.4

10.2
327.5
60.7

9.1
327.4
59.2

9.2
330.1
56.9

9.5
334.4
55.1

U.S. government
Commercial banking
Savings institutions

10
11
12

13
14
15
16

214.1
6.5
23.6
8.3

211.7
6.4
23.0
8.2

208.7
6.3
23.1
7.8

204.1
6.1
23.9
6.8

198.3
5.9
25.9
6.1

197.3
5.6
26.7
8.2

195.4
5.2
27.0
7.0

191.7
4.8
28.2
7.6

184.3
4.5
28.7
7.0

180.2
4.2
27.7
7.0

177.5
4.0
27.4
7.1

173.0
3.9
28.5
7.0

Life insurance companies
Other insurance companies
Private pension funds
St.&loc. govt. rtr. funds

13
14
15
16

17
18
19

4.5
4.5
6.5

4.4
1.6
8.8

4.9
1.8
10.9

4.3
1.8
12.7

4.8
1.9
15.2

4.8
2.0
18.7

4.8
2.1
19.6

5.0
2.1
20.9

5.1
2.1
25.5

5.1
2.2
27.5

5.1
2.2
31.8

5.1
2.3
34.7

Mortgage companies
REITs
ABS issuers

17
18
19

L..220 Farm Mortgages

1

79.3

79.2

79.8

80.5

80.4

80.3

81.0

81.1

81.2

81.4

82.9

33.8 Total liabilities

1

2
3
4
5

79.3
12.9
0.8
1.5

79.2
12.7
0.8
1.5

79.8
12.7
0.8
1.5

80.5
12.7
0.8
1.5

80.4
12.7
0.8
1.5

80.8
12.9
0.8
1.5

81.0
12.2
0.8
1.5

81.1
11.7
0.8
1.5

81.2
11.7
0.8
1.5

81.4
11.7
0.8
1.5

82.9
12.0
0.8
1.5

83.8 Total assets
Household sector
12.1
Nonfarm noncorp. business
0.9
1.5
State and local governments

2
3
4
5

6
7
8

8.2
27.1

8.1
27.1

8.6
27.1

8.8
27.1

9.1
27.0
*

9.2
26.9

9.3
26.9

9.5
27.1
*

9.7
26.8
*

10.2
26.8

10.5
26.9

X

X

9.9
26.5

X

X

X

X

U.S. government
Govt.-spons. enterprises
Fed. related mortgage pools

6
7
8

9
10
11
12

18.4
0.4
10.0
-

19.9
0.3
9.4
-

19.9
0.3
9.2
-

20.0
0.3
9.3
-

20.6
0.3
9.4
-

20.8
0.3
9.3
-

20.9
0.3
9.5
-

21.3
0.3
9.4
-

21.9
0.3
9.4
-

22.4
0.3
9.4
-

Commercial banking
Savings institutions
Life insurance companies
St.&loc. govt. rtr. funds

X

X

19.0
0.4
9.7
-

X

19.6
0.3
9.3
-

BILLIONS OF DOLLARS, END OF PERIOD




9
10
11
12

DECEMBER 7, 1994
Consumer Credit and Bank Loans n.e.c.

Consumer Credit and Bank Loans n.e.c.

117

L.221-L.222 Consumer Credit and 3ank Loans Not Elsewhere Classified
LEVELS, 1979-1990

LEVELS, 1979-1990

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.221 Consumer Credit

350.6
300.3
50.3

355.4
302.1
53.3

372.3
315.5
56.8

388.7
330.4
58.3

437.6
374.5
63.2

519.3
449.5
69.8

601.6
526.2
75.3

659.1
581.1
78.0

692.0
618.5
73.5

742.1
673.3
68.8

796.4
730.1
66.3

812.4
749.1
63.3

4 Total assets
5
Installment credit
Nonfarm noncorp. business
6
7
Nonfin. corporate business
8
Commercial banking
9
Savings institutions
10
Credit unions
Finance companies
11
12
ABS issuers

350.6
300.3
0.5
16.0
154.2
11.2
46.5
72.0
-

355.4
302.1
0.1
16.4
147.0
15.6
44.0
78.9
-

372.3
315.5
X
18.0
147.6
16.1
46.0
87.8
-

388.7
330.4
18.5
152.5
18.9
47.3
93.2

437.6
374.5
21.4
172.0
24.0
53.5
103.7
-

519.3
449.5
23.4
211.6
36.6
66.2
111.7
-

601.6
526.2
26.5
245.1
49.5
72.7
132.4

659.1
581.1
29.6
266.8
56.6
77.1
151.0
-

692.0
618.5
35.5
287.2
60.8
81.0
154.0
-

742.1
673.3
41.5
324.8
63.4
88.3
155.3
-

796.4
730.1
42.3
342.8
60.1
91.7
144.6
48.7

812.4 4
749.1 5
6
45.2 7
347.1
8
48.2 9
91.6 10
138.6 11
78.5 12

Noninstallment credit
Nonfarm noncorp. business
Nonfin. corporate business
Commercial banking
Savings institutions

50.3
0.4
12.3
32.2
5.4

53.3
0.1
13.0
33.2
7.1

56.8
12.3
36.6
7.8

58.3
12.3
38.4
7.6

63.2
14.0
41.7
7.5

69.8
14.9
47.2
7.6

75.3
16.0
51.3
8.1

78.0
17.4
54.3
6.3

73.5
18.5
50.5
4.5

68.8
19.5
46.0
3.3

66.3
21.5
42.3
2.5

63.3
21.9
39.9
1.4

13
14
15
16
17

1 Total liabilities (HH)
Installment credit
2
Noninstallment credit
3

13
14
15
16
17

1
2
3

L.222 Bank Loans Not Elsewhere Classified
Total loans by commercial
1
banking, flow of funds basis

876.6

938.1

1023.3

1068.0

1151.4

1308.2

1445.3

1603.3

1706.3

1854.7

2016.6

2100.2

I

245.2
186.4
20.2
14.1
410.8

262.7
180.2
20.9
15.3
458.5

284.2
184.2
26.2
16.5
512.2

301.3
190.9
26.2
16.8
532.8

330.5
213.7
28.7
14.3
564.2

379.5
258.8
34.5
12.6
622.9

429.2
296.3
45.4
9.7
664.6

502.5
321.1
39.6
8.6
731.5

591.4
337.6
34.4
11.2
731.6

669.2
370.7
33.9
10.1
770.8

763.5
385. 1
38.2
9.9
819.9

849.3
387.0
36.2
12.7
815.0

2
3
4
5
6

346.8
4.2
59.8
-

379.1
3.7
75.3
0.4

425.7
4.1
81.1
1.2

469.7
3.1
56.1
3.9

497.1
2.7
58.7
5.7

548.7
2.8
64.4
7.0

577.5
2.1
75.8
9.1

620.8
3.6
97.7
9.3

603.3
4.1
115.1
9.1

621.7
3.9
135.6
9.6

655.1
5.5
149.6
9.7

640.2 7
5.3 8
156.5 9
13.0 10

11 + Loans from F.R. banks
12 = Total bank loans n.e.c.

410.8

458.5

512.2

532.3

564.2

622.9

664.6

731.5

731.6

770.8

819.9

11
815.0 12

13 Total liabilities
14
Nonfinancial sectors
Household sector
15
Farm business
16
17
Nonfarm noncorp. business
Corporate business
18

410.8
382.8
21.7
31.0
72.8
204.3

458.5
429.3
27.8
31.6
75.3
230.3

512.2
481.3
33.5
32.9
85.5
261.7

532.3
499.5
35.1
36.1
76.0
318.5

564.2
528.3
35.6
33.9
75.5
340.9

622.9
578.1
23.9
39.9
92.4
391.1

664.6
620.0
34. 0
35.5
98.5
424.1

731.5
674.5
32.2
31.2
110.5
473.7

731.6
683.0
31.7
29.1
116.6
482.4

770.8
719.4
27.8
29.8
121.0
519.3

819.9
755.1
25.8
30.8
123.6
553.5

815.0
745.4
12.1
32.9
126.5
555.4

13
14
15
16
17
18

53.0
7.3
21.6
24.1

64.3
11.9
26.3
26.6

67.3
12.6
21.8
33.3

33.8
5.4
15.1
13.3

37.4
8.5
14.2
14.8

30.8
7.6
11.0
12.2

27.9
6.2
9.7
12.1

26.9
6.2
10.7
10.0

23.3
5.3
7.8
10.2

21.5
4.8
7.8
8.9

21.4
3.4
8.6
9.4

18.5
2.8
5.9
9.8

19
20
21
22

28.0
2.7
12.4
12.1
0.8

28.7
2.7
13.8
11.6
0.7

30.8
3.0
15.5
11.8
0.6

33.3
2.8
16.5
13.4
0.6

35.8
3.2
18.3
14.0
0.4

44.8
8.9
20.0
15.5
0.4

44.6
10.9
16.4
16.7
0.7

56.9
10.2
20.0
25.7
1.0

48.6
9.7
22.9
14.5
1.5

51.4
9.9
23.9
14.5
3.1

64.9
9.2
27.0
24.6
4.1

69.6
9.7
31.3
24.6
4.4

23
24
25
26
27

Loans elsewhere classified:
2
Mortgages
Consumer credit
3
Security credit
4
Open market paper
5
6 = Banking sector total bank
loans n.e.c.
U.S.-chartered banks
7
Bank holding companies
8
9
Foreign banking off. in US
10
Banks in U.S.-aff. areas

19
20
21
22

23
24
25
26
27

Rest of the world
Foreign official inst.
Foreign banks
Other foreign

Financial sectors
Savings institutions
Finance companies
Mortgage companies
REITs

BILLIONS OF DOLLARS, END OF PERIOD.




DECEMBER 7,
Consumer Credit and Bank Loans n.e.c.

Consumer Credit and Bank Loans n.e.c.

L.221-1.222 Consumer Credit and Bank Loans Not Elsewhere Classified

LEVELS, 1991-1994
1991
IV

I
11

1992

I

118
LEVELS, 1991-1994

II

III

IV

J
I

1993

I

II

III

IV

I
11

I

1994
II

III

L .221 Consumer Credit

1
2
3

797.4
744.2
53.2

775.2
723.2
52.0

773.4
721.9
51.5

781.4
729.8
51.6

803.0
746.5
56.5

788.2
736.3
51.9

800.2
746.0
54.3

824.3
772.1
52.1

866.5
812.8
53.7

863.6
810.0
53.6

895.3
842.1
53.2

932.1 Total liabilities (HK)
880.8
Installment credit
51.2
Noninstallment credit

4
5
6
7
8
9
10
11
12

797.4
744.2
42.3
340.7
41.4
90.3
126.2
103.3

775.2
723.2
37.3
328.5
38.7
89.5
122.2
107.0

773.4
721.9
38.3
326.5
37.6
88.3
120.5
110.6

781.4
729.8
39.3
327.4
37.1
90.7
120.6
114.7

803.0
746.5
44.6
330.1
37.0
91.7
121.6
121.4

788.2
736.3
44.6
330.2
36.6
91.4
112.6
120.9

800.2
746.0
46.4
336.2
37.3
95.4
110.6
120.1

824.3
772.1
48.9
351.7
37.2
98.9
111.0
124.5

866.5
812.8
57.6
368.5
37.9
101.6
116.5
130.7

863.6
810.0
53.4
369.7
37,1
101.6
120.1
128.1

895.3
842.1
55.4
386.2
38.1
108.2
124.3
129.9

932.1 Total assets
4
Installment credit
5
680.8
Nonfarm noncorp. business
6
56.0
Nonfin. corporate business 7
Commercial banking
410.3
8
37.9
Savings institutions
9
115.0
Credit unions
10
130.3
Finance companies
11
131.4
ABS issuers
12

13
14
15
16
17

53.2
20.7
31.7
0.8

52.0
18.6
32.8
0.6

51.5
18.4
32.6
0.5

51.6
18.3
33.0
0.4

56.5
20.7
35.4
0.3

51.9
19.2
32.5
0.2

54.3
19.5
34.7
0.1

52.1
20.0
32.2
ft

53.7
22.8
30.9

53.6
21.4
32.2

53.2
21.7
31.5

■

51.2
22.2
29.0
■

I
2
3

Noninstallment credit
Nonfarm noncorp. business
Nonfin. corporate business
Commercial banking
Savings institutions

13
14
15
16
17

Total loans by commercial
banking, flow of funds basis

1

L. 222 Bank Loans Not Elsewhere Classified

1

2097.0

2104.2

2108.4

2121.5

2139.8

2104.4

2150.4

2169.3

2223.5

2224.3

2265.7

2320.9

- Loans elsewhere classified:
Mortgages
2
Consumer credit
3
Security credit
4
Open market paper
5
- Banking sector total bank
6
loans n.e.c.
U.S.-cnartered banks
7
Bank holding companies
8
Foreign nanking off. in US 9
Banks in U.S.-aff, areas
10

2
3
4
5
6

881.3
372.4
46.8
10.6
785.9

886.3
361.3
71.6
10.5
774.4

890.5
359.1
71.9
10.1
776.8

897.2
360.4
80.6
9.1
774.2

900.6
365.5
88.0
9.2
776.6

898.0
362.7
79.6
8.6
755.4

917.6
370.9
89.3
7.1
765.5

929.6
383.8
88.4
6.5
'761.0

947.7
399.5
100.7
7.3
768.4

945.4
401.9
95.9
5.7
775.4

964.4
417.8
90.6
5.4
787.5

989.0
439.3
84.0
5.2
803.5

7
8
9
10

586.7
3.4
185.8
10.0

576.9
3.1
184.3
10.1

572.1
2.8
191.8
10.2

567.0
4.2
192.8
10.2

566.9
3.7
195.7
10.2

557.2
3.3
184.7
10.1

565.1
3.9
186.6
9.9

565.4
3.4
182.5
9.8

574.8
1.9
182.0
9.7

579.3
1.7
184.7
9.7

592.2
2.2
183.4
9.7

602.3
2.2
189.1
9.9

11
12

785.9

774.4

776.8

774.2

776,6

755.4

765.5

761.0

768.4

775.4

787.5

* Loans from F.R. banks
803.5 - Total bank loans n.e.c.

ll
12

13
14
15
16
17
18

785.9
707.6
8.7
34.6
112.2
530.5

774.4
692.6
1.1
33.0
111.1
525.3

776.8
696.5
8.3
35.6
108.5
518.6

774.2
689.6
4.2
36.2
107.9
514.8

776.6
696.0
11.4
34.7
107.6
518.5

755.4
685.2
9.7
32.8
105.7
512.7

765.5
692.2
9.6
35.4
107.3
514.0

761.0
691.8
16.1
37.1
104.6
507.9

768.4
701.8
19.8
36.8
105.4
515.2

775.4
715.1
22.9
35.5
107.5
522.9

787.5
738.7
29.0
39.2
109.9
534.6

803.5 Total liaoilities
758.9
Nonfinancial sectors
33.3
Housenold sector
40.6
Farm ousiness
113.0
Nonfarm noncorp. business
545.9
Corporate business

13
14
15
16
17
18

19
20
21
22

21.6
2.4
6.9
12.3

22.0
2.4
7.1
12.5

25.5
2.6
8.6
14.4

26.5
2.9
9.0
14.6

23.9
3.3
7.6
13.0

24.3
3.0
8.2
13.1

25.9
3.1
9.0
13.9

26.2
3.4
9.5
13.3

24.6
2.4
8.8
13.5

26.2
2.7
9.6
13.9

26.0
2.1
9.6
14.3

26.2
2.4
9.3
14.5

23
24
25
26
27

78.4
8.9
42.3
22.2
5.0

81.8
9.4
38,0
29.0
5.5

80.3
8.7
37.8
28.2
5.6

84.6
8.8
38.1
31.8
5.9

80.5
8.9
37.6
30.2
3.7

70.3
8.6
34.1
23.9
3.6

73.3
8.3
29.4
32.0
3.6

69.2
8.0
25.8
31.8
3.5

66.5
8.4
25.3
29.2
3.6

60.3
10.2
24.2
22.3
3.6

48.9
7.9
23.3
14.0
3.7

44.5
7.6
21.6
11.5
3.8

BILLIONS OF DOLLARS, END OF PERIOD.




Rest of the world
Foreign official inst.
Foreign banks
Other foreign
Financial sectors
Savings institutions
Finance companies
Mortgage companies
REITs

19
20
21
22

23
24
25
26
27

DECEMBER 7, 1994
Open Market Paper and Other Loans

Open Market Paper and Other Loans

L.223-L.224 Open Market Paper and Other Loans

119
LEVELS,

LEVELS, 1979-1990

1979-1990

1979

1980

1981

1982

1984

1983

1985

1986

1987

1988

1989

1990

L.223 Open Market Paper
1 Total outstanding, all types
2
Commercial paper
Nonfin. corporate business
3
4
Foreign issues in U.S.
5

6
7
8
9
10
11

Financial business
Commercial banking
Funding corporations
Finance companies
REITs
ABS issuers

Bankers acceptances (1)

12 Holdings, by sector
Household sector
13
14
Nonfin. corporate business
Rest of the world
15

145.0
110.9
24.5
4.6

163.8
121.6
28.0
7.0

215.1
161.1
42.7
10.8

226.8
161.8
37.6
15.1

253.8
183.5
36.8
21.5

305.7
231.7
58.5
27.7

358.5
293.9
72.2
33.9

384.9
326.1
62.9
37.4

437.9
373.6
73.8
41.2

513.4
451.8
85.7
49.9

579.2
521.9
107.1
63.0

609.9
557.8
116.9
75.3

81.8
20.4
60.7
0.8
-

86.6
25.9
12.5
47.6
0.5
-

107.6
33.0
16.8
57.2
0.6

109.2
34.6
22.8
51.4
0.4
-

125.2
38.0
25.7
60.5
0.4
0.7

145.5
44.1
26.1
73.1
0.6
1.5

187.8
46.4
35.6
102.7
0.7
2.4

225.9
43.1
54.1
124.3
1.1
3.3

258.6
44.6
72.5
135.0
1.4
5.1

316.1
44.4
111.6
152.1
1.3
6.8

351.7
48.3
125.4
160.7
1.1
15.7

365.6 5
30.1
6
137.9
7
165.3 8
0.9 9
31.4 10

1
2
3
4

34.1

42.2

54.0

65.0

70.3

74.0

64.6

58.8

64.3

61.6

57.4

145.0
28.0
26.7
8.4

163.8
30.8
19.4
9.3

215.1
19.4
26.8
8.0

226.8
21.3
36.7
6.3

253.8
42.2
41.4
7.1

305.7
40.6
44.8
8.3

358.5
99.0
45.3
8.2

386.9
93.3
40.9
8.0

437.9
114.8
46.6
9.0

513.4
146.1
47.0
11.9

579.2
136.3
52.4
14.2

609.9
131.0
53.9
12.3

12
13
14
15

52.1 11

16
17
18
19
20
.21

Govt.-spans, enterprises
Monetary authority
Commercial banking (1)
Funding corporations
Savings institutions
Credit unions

0.3
14.1
0.6
2.6
-

0.4
15.8
0.6
3.8
-

0.7
16.5
1.0
5.1
-

0.4
16.8
1.1
6.9
-

0.8
14.3
2.6
5.2

0.7
12.6
2.7
3.8
0.1

0.1
9.7.
3.4
3.5
0.2

0.1
8.6
6.0
5.3
0.7

M
11.2
7.6
4.3
0.5

0.4
10.1
11.6
5.1
0.9

3.3
9.9
19.6
4.7
1.1

3.8
12.7
35.7
0.7
2.3

16
17
18
19
20
21

22
23
24
25
26
27
28

Life insurance companies
Private pension funds
St.&local govt. rtr. funds
Mutual funds
Money market mutual funds
Brokers and dealers
Bank personal trusts

7.0
15.4
2.9
19.3
7.2
12.6

8.3
19.5
3.8
31.6
6.3
13.9

12.0
24.5
3.6
70.4
11.6
15.4

15.1
15.2
3.0
69.1
16.4
18.5

20.4
17.2
2.0
4.0
66.2
11.6
18.8

22.3
19.6
5.0
6.4
98.0
17.3
23.6

20.0
19.9
10.0
4.1
99.1
14.5
21.5

24.5
23.2
16.5
9.4
105.3
12.6
25.6

27.1
33.3
22.5
12.6
111.3
14.2
22.4

32.2
36.3
20.4
21.4
129.1
14.8
26.3

36.6
26.3
19.4
19.6
186.6
17.3
30.9

27.7
24.9
23.5
25.9
206.7
18.4
30.5

22
23
24
25
26
27
28

(1) Excludes banks’ holdings of own acceptances.

L.224 Other Loans
331.6

379.7

460.4

494.4

530.0

624.1

681.2

750.3

815.6

375.0

913.9

949.4

1

2 Savings inst. loans to bus.
Nonfarm noncorp. ous.
3 Liab.:
4
Nonfin. corp, business

2.2
l.l
1.1

2.7
1.4
1.4

3.9
2.0
2.0

5.6
2.8
2.8

11.7
5.3
5.8

20.7
10.3
10.3

29.3
14.7
14.7

39.8
19.9
19.9

40.9
20.4
20.4

49.2
24.6
24.6

47.0
23.5
23.5

34.3
17.2
17.2

2
3
4

5 Finance co. loans to business
6 Liab.:
Nonfarm noncorp. bus.
7
Nonfin. corp, business

84.5
16.9
67.6

88.7
17.7
70.9

99.4
19.9
79.6

100.4
20.1
80.3

113.4
22.7
90.7

137.8
27.6
110.2

158.7
31.7
127.0

177.2
35.4
141.7

213.8
42.8
171.0

245.3
49.1
196.3

270.2
54.3
216.2

293.6
58.7
234.3

5
6
7

1 Total other loans

a

ABS is suer Ioans to business
9 Liab. :
Nonfarm noncorp. bus.
10
Nonfin. corp, business

-

-

-

-

-

-

-

-

-

-

2.0
0.4
1.6

5.8 3
1.2 9
4.6 10

ii U.S. government loans
Housenold sector
12 Liab. :
13
Farm business
14
Nonfarm noncorp. bus.
15
Nonfin. corp, business
16
St.&local governments
17
Rest of the world
13
Govt.-sp. enterprises

104.3
8.5
10.4
21.4
6.9
6.7
48.9
1.5

120.5
9.5
13.0
25.6
8.4
7.6
53.8
2.7

139.5
11.0
16.4
31.2
9.6
8.8
57.9
4.6

153.0
12.6
16.7
35.8
10.9
9.8
62.3
5.0

161.5
13.4
16.7
38.5
10.4
10.9
66.6
5.0

177.5
14.0
17.8
40.5
11.6
18.6
70.0
5.0

194.2
16.5
18.2
41.0
14.2
26.3
71.4
6.1

199.6
19.4
18.0
41.7
14.8
27.3
72.3
5.7

139.7
18.7
17.7
41.1
11.5
24.9
70.9
5.0

164.9
20.1
13.3
41.7
9.9
9.0
65.8
5.0

157.3
15.6
13.6
41.6
9.6
8.8
63.2
5.0

155.3
18.6
13.8
40.3
8.8
9.6
59.3
4.9

11
12
13
14
15
16
17
18

19 Govt. - spons. enterprise loans
20 Liab.:
Housenold sector(SLMA)
21
Farm business (FICB)
Noncorp. business (BC)
22
23
Commercial banks(FWLB)
24
Savings inst. (FHLB)
25
Credit unions (FHL3)
26
Life insurance (FHLB)

69.3
1.5
17.5
8.4
41.8
-

80.8
2.6
19.4
9.8
49.0
-

100.7
4.8
21.2
9.5
65.2
-

101.5
6.4
20.4
8.7
66.0
-

95.4
7.9
19.0
9.5
59.0
-

111.4
9.8
17.3
9.1
74.6
-

123.1
12.3
13.9
8.1
88.3
-

142.3
14.7
11.6
7.4
108.6
-

169.6
18.4
9.9
8.2
133.1
-

191.5
21.2
7.6
9.9
152.8
-

185.3
24.6
9.5
9.9
141.8
-

165.8
28.3
9.8
10.1
0.4
116.7

19
20
21
22
23
24
25
26

27 Policy loans (HH liability)
28 Asset:
U.S. government
29
Life insurance cos.

35.9
1.1
34.8

42.6
1.2
41.4

50.0
1.3
48.7

54.2
1.2
53.0

55.2
1.2
54.1

55.6
1.1
54.5

55.5
1.1
54.4

55.4
1.3
54.1

55.3
1.7
53.6

55.2
0.9
54.2

58.3
0.9
57.4

62.5 27
0.9 28
61.6 29

Cust. liab. on acceptances
30
outstanding (bank asset)
Nonfin. corp, business
31 Liab:
32
Rest of the world

32.5
13.3
18.6

39.8
17.1
22.7

51.1
21.4
29.6

58.8
20.7
38.2

65.7
27.6
38.0

69.4
30.4
39.0

60.0
28.3
31.6

54.4
23.1
26.3

59.8
32.6
27.3

57.5
32.6
24.9

55.4
35.3
19.6

45.5 30
29.2 31
16.3 32

2.9

4.5

15.7

20.9

27.2

51.7

60.3

81.7

86.5

111.5

137.9

186.7 33

Foreign loans to US corp, bus
Nonfin. corp, business
33 Liab. :
3ILL IONS OF DOLLARS, END OF PERIOD.




-

DECEMBER 1t 1994
Open Market Paper and Other Loans

Open Market Paper and Other Loans

120

L.223-1.224 Open Market Paper and Other Loans

LEVELS,

1991-1994

1991
IV

I
1

LEVELS, 1991-1994

I
I

1992

X

II

III

IV

1993

I

II

III

IV

I
1

I

1994
II

III

L.223 Open Market Paper

1
2
3
4

565.9
528.1
98.5
81.8

574.1
538.5
110.4
70.5

579.9
545.9
112.0
77.4

583.6
550.6
108.2
80.7

579.0
545.1
107.1
77.7

565.5
534.8
113.9
72.3

572.0
543.2
124.0
72.1

568.2
541.1
123.2
71.7

580.0
553.8
117.8
66.7

562.0
556.9
129.9
43.3

587.5
563.0
135.7
42.0

598.7 Total outstanding, all types
573.3
Commercial paper
138.7
Nonfin. corporate business
39.9
Foreign issues in U.S.

5
6
7
8
9
10

347.9
24.3
124.5
159.5
0.9
38.7

357.6
24.0
137.6
154.4
0.9
40.7

356.5
22.5
144.9
147.7
0.9
40.5

361.7
22.1
143.0
153.2
0.9
42.6

360.4
20.4
135.2
156.4
0.9
47.4

346.7
22.7
127.6
149.8
0.7
47.8

347.0
23.6
129.7
144.5
0.5
48.8

346.1
22.9
126.4
149.9
0.6
46.4

367.2
25.6
129.9
159.2
0.6
51.9

363.8
26.7
137.9
165.9
0.6
52.6

385.3
28.5
134.3
171.2
0.6
50.7

394.7
31.2
136.9
171.0
0.7
54.8

Financial business
Commercial banking
Funding corporations
Finance companies
REITs
ABS issuers

1
2
3
4
5
6
7
8
9
10

11

37.8

35.6

34.0

32.9

33.9

30.7

28.9

27.1

26.3

25.0

24.6

12
13
14
15

565.9
96.1
53.0
13.0

574.1
79.2
53.9
12.1

579.9
69.8
54.1
12.6

583.6
80.1
52.9
13.8

579.0
103.0
54.6
12.9

565.5
82.8
53.3
12.9

572.0
68.8
55.8
19.8

568.2
82.0
54.3
20.1

580.0
73.6
58.0
18.6

582.0
64.1
52.9
22.8

587.5
37.2
54.4
23.0

598.7 Holdings, by sector
49.1
Household sector
51.7
Nonfin. corporate business
19.9
Rest of the world

12
13
14
15

16
17
18
19
20
21

10.9
10.6
51.5
1.3
2.6

8.2
10.5
59.0
0.8
2.6

9.0
10.1
54,7
0.5
3.2

12.2
9.1
72.1
0.5
3.3

13.5
9.2
75.0
0.6
3.0

9.5
8.6
74.0
0.6
3.2

10.0
7.1
74.3
0.3
2.8

13.4
6.5
82.4
0.2
2.4

11.9
7.3
93.1
0.3
2.2

10.2
5.7
97.5
0.4
1.7

9.6
5.4
106.3
0.4
2.2

11.0
5.2
111.0
0.2
2.1

Govt.-spons. enterprises
Monetary authority
Commercial banking (1)
Funding corporations
Savings institutions
Credit unions

16
17
18
19
20
21

22
23
24
25
26
27
28

20.8
20.8
32.8
21.5
191.9
14.0
25.2

21.8
21.0
33.4
30.5
203.3
13.6
24.4

21.0
19.7
35.6
33.7
195.7
16.7
23.9

18.1
18.1
37.2
40.0
186.7
16.2
23.4

12.9
17.9
38.6
28.8
174.7
11.6
22.8

14.6
20.4
40.0
34.7
175.9
13.0
22.0

16.2
20.6
41.7
45.2
174.4
13.7
21.2

12.8
19.3
38.2
42.8
160.3
13.2
20.3

10.1
19.2
38.9
50.3
165.1
12.0
19.5

11.9
17.4
39.0
61.2
168.5
9.9
18.8

10.1
15.8
39.2
68.5
180.1
17.4
18.1

9.4
16.1
39.4
74,2
180.7
11.4
17.4

Life insurance companies
Private pension funds
St.Slocal govt. rtr. funas
Mutual funds
Money market mutual funds
Brokers and dealers
Bank personal trusts

22
23
24
25
26
27
28

25.5

Bankers acceptances (1)

11

(1) Excludes banks' holdings of own acceptances.
L.224 Other Loans

I

857.5

853.1

859.4

864.3

870.2

867.4

869.1

869.6

880.1

884.9

899.8

2
3
4

19.3
9.7
9.7

20.6
10.3
10.3

19.1
9.6
9.6

18.1
9.0
9.0

12.4
6.2
6.2

11.3
5.6
5.6

11.0
5.5
5.5

11.1
5.5
5.5

10.8
5.4
5.4

10.4
5.2
5.2

10.2
5.1
5.1

10.2 Savings inst. loans to bus.
5.1 Liab. : Nonfarm noncorp. bus.
5.1
Nonfin. corp, business

2
3
4

5
6
7

292.9
58.6
234.3

29 0.8
58.2
232.6

293.2
58.6
234.6

288.5
57.7
230.8

296.5
59.3
237.2

292.7
58.5
234.2

291.8
58.4
233.4

291.9
58.4
233.5

294.6
58.9
235.7

302.3
60.5
241.8

313.2
62.6
250.6

317.2 Finance co. loans to business
63.5 Liab. : Nonfarm noncorp. bus.
253.8
Nonfin. corp, business

5
6
7

8
9
10

8.8
1.8
7.0

8.2
1.6
6.5

9.6
1.9
7.7

9.4
1.9
7.5

11.6
2.3
9.3

15.6
3.1
12.5

17.7
3.5
14.2

16.3
3.3
13.1

21.3
4.3
17.0

23.6
4.7
18.8

22.7
4.5
18.1

11
12
13
14
15
16
17
18

147.7
20.8
9.8
40.4
7.9
10.0
53.9
4.8

147.9
21.1
9.8
40.3
7.9
10.1
54.0
4.8

147.8
21.4
9.7
40.1
7.9
10.0
53.9
4.8

147.9
21.6
9.6
40.0
7.9
10.0
54.1
4.8

147.8
21.6
9.5
40.1
7.9
9.9
54.1
4.8

146.6
21.5
9.4
40.1
7.9
9.8
53.2
4.8

145.9
21.2
9.2
40.3
S.O
9.6
52.8
4.8

144.7
20.9
9.0
40.4
8.0
9.4
52.2
4.8

144.8
20.3
8.7
40.7
8.1
9.2
52.9
4.8

138.6
19.7
8.4
40.9
8.2
9.0
52.3
-

137.4
18.9
8.0
41.3
8.3
8.8
52.0

134.2 U.S. government loans
18.0 Liab. : Household sector
7.6
Farm business
41.7
Nonfarm noncorp. bus.
8.5
Nonfin. corp, business
8.5
St.Slocal governments
50.0
Rest of the world
Govt.-sp. enterprises
-

11
12
13
14
15
16
17
18

19
20
21
22
23
24
25
26

133.6
31.8
11.2
11.5
2.0
77.0
-

131.9
32.3
10.7
12.7
3.0
73.3
K

133.4
33.1
11.4
12.1
4.5
72.4
N

137.4
33.7
11.5
12.0
5.6
74.5
*
M

137.4
33.4
11.4
12.6
6.4
73.4
N
M

142.6
33.9
10.4
13.4
8.2
76.6
M
*

150.5
34.3
ll.l
13.0
11.0
80.8
0.1
0.2

158.0
34.6
11.4
13.0
14.0
34.5
0.2
0.1

163.8
35.2
11.6
13.9
16.1
86.6
0.2
0.2

162.8
36.1
11.4
14.9
16.3
83.6
0.3
0.3

171.2
36.7
12.3
13.7
20.3
87.7
0.3
0.3

180.3 Govt. -spons. enterprise loans
38.1 Liab. : Household sector(SLMA)
12.3
Farm business (FIC3)
13.7
Noncorp. business (BC)
23.6
Commercial banks(FHL3)
91.9
Savings inst. (FHLB)
0.4
Credit unions (FHLB)
0.3
Life insurance (FHL3)

19
20
21
22
23
24
25
26

27
28
29

67.2
0.9
66.4

67.8
0.9
66.9

68.9
0.9
68.0

70.3
0.9
69.4

72.9
0.9
72.1

73.7
0.9
72.9

74.7
0.9
73.9

76.6
0.9
75.7

78.6
0.9
77.7

79.7
0.9
78.8

81 .8
0.9
80.9

84.1 Policy loans (HH liability)
0.9 Asset :
U.S. government
83.3
Life insurance cos.

27
28
29

30
31
32

35.3
23.3
12.0

31.7
20.1
11.6

31.4
19.7
11.7

30.7
20.3
10.4

31.7
20.4
11.3

28.9
19.3
9.5

27.5
18.3
9.2

26.3
18.1
8.2

25.3
17.1
8.2

24.3
16.3
7.9

23.9
16.0
7.9

Cust. liab. on acceptances
24.7
out standing (bank asset)
16.9 Liab:
Nonfin. corp, business
7.8
Rest of the world

30
31
32

33

152.7

154.2

1S5.9

162.1

159.9

155.9

150.0

144.7

141.0

143.3

139.5

BILLIONS OF DOLLARS, END OF PERIOD




911.5 Total other loans

1

22.7 ABS issuer loans to business
8
4.5 Liab. : Nonfarm noncorp. bus.
9
18.2
Nonfin, corp, business 10

Foreign loans to US corp. bus.
137.9 Liab. :
Nonfin. corp, business 33

DECEMBER 7, 1994
Security Credit, Trade Credit, and Taxes

Security Credit, Trade Credit, and Taxes

L.225-L.229 Security Credit, Trade Credit, and Taxes Payable

121

LEVELS, 1979-1990

LEVELS, 1979-1990
1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

L.225 Security Credit

1 Total liabilities
Household sector
2
Rest of the world
3
4
5
6
7

Brokers and dealers
From U.S.-chartered banks
From fgn. bkg. off. in US
Customer credit balances

8 Total assets
Household sector
9
Rest of the world
10
11
12

Commercial banking
Brokers and dealers

48.0
17.5

61.9
24.7

64.0
23.0

69.8
25.8

83.4
34.2

87.9
31.8

131.2
50.7

141.1
57.4

115.3
41.8

118.3
43.5

133.9
42.5

137.4
38.8

1
2
3

30.5
18.8
1.4
10.4

37.2
19.9
1.0
16.2

40.9
24.6
1.6
14.7

44.1
25.1
1.2
17.8

49.2
27.0
1.6
20.6

56.0
31.7
2.8
21.6

80.5
38.5
7.0
35.1

83.6
32.5
7.1
44.0

73.5
29.4
5.0
39.1

74.8
29.0
4.9
40.9

91.4
33.2
5.0
53.2

98.6
27.8
8.4
62.4

4
5
6
7

48.0
10.4
-

61.9
16.2

64.0
14.7
-

69.8
17.8
-

83.4
20.6

87.9
21.6
-

131.2
35.1
-

141.1
44.0
-

115.3
39.1
-

118.3
40.9
-

133.9
53.2
-

137.4 8
62.4 9
10
-

20.2
17.5

20.9
24.7

26.2
23.0

26.2
25.8

28.7
34.2

34.5
31.8

45.4
50.7

39.6
57.4

34.4
41.8

33.9
63.5

38.2
42.5

36.2 11
38.8 12

L.226 Trade Credit

428.1
12.6
16.3
31.7

482.0
13.8
17.4
36.4

520.5
14.8
18.4
41.6

526.1
15.6
19.1
45.3

570.5
18.0
18.6
45.8

616.1
21.2
17.6
51.5

664.2
24.3
15.1
56.9

691.7
26.6
12.1
61.1

748.8
31.4
10.9
68.6

837.1
41.5
11.8
72.8

905.3
57.6
12.3
79.3

942.2
68.9
12.7
81.9

1
2
3
4

309.8
16.1
20.2
20.0
1.3

347.7
18.1
25.6
21.3
1.7

376.4
19.2
26.3
21.8
2.1

381.3
20.1
18.3
23.7
2.6

418.3
20.9
17-2
26.7
5.1

452.0
21.9
16.5
29.9
5.5

486.0
23.0
16.3
34.5
8.0

499.7
24.6
15.6
44.4
7.6

539.6
26.6
13.1
46.8
6.8

596.7
23.8
25.8
49.1
8.5

629.3
31.5
28.6
53.3
8.0

658.6
34.6
27.4
52.0
6.1

5
6
7
8
9

10 Total assets
Nonfarm noncorp, business
11
Nonfin. corporate business
12
Rest of the world
13
U.S. government
14
Other insurance companies
15
ABS issuers
16

510.9
30.2
430.7
25.2
11.3
13.6
-

569.9
32.5
478.1
28.6
15.1
15.6

603.4
37.0
502.2
28.4
17.6
18.1
-

604.4
45.0
486.6
30.1
22.4
20.2
-

669.5
52.4
537.6
30.3
26.2
22.2
0.7

733.0
59.3
584.7
31.1
31.3
2S.0
1.5

784.0
63.8
624.0
31.7
35.0
27.2
2.4

820.2
70.5
649.1
32.8
32.6
32.1
3.3

888.2
79.2
694.3
33.1
41.0
35.7
5.1

983.5
91.2
766.3
35.7
41.1
42.5
6.8

1044.7
99.0
809.9
38.0
44.5
45.3
8.0

1072.5
104.0
825.1
44.2
42.8
47.2
9.2

10
11
12
13
14
15
16

17 Discrepancy

-82.9

-87.9

-83.0

-78.4

-98.9

-116.9

-119.9

-128.5

-139.4

-146.5

-139.5

-130.3 17

1 Total liabilities
2
Household sector
Farm business
3
Nonfarm noncorp, business
4
5
6
7
8
9

Nonfin. corporate business
State and local governments
Rest of the world
U.S. government
Brokers and dealers

L.227 Taxes Payable by Businesses
58.8

63.2

56.3

53.7

58.4

62.7

63.5

69.0

74.5

79.8

82.2

77.4

1

12.8
41.0
1.4
0.8

15.3
43.9
0.8
0.8

13.7
39.9
0.5
0.9

15.2
35.6
0.4
0.9

17.1
38.6
0.3
1.0

18.2
42.2
0.3
1.0

21.6
39.0
0.4
1.1

23.3
42.8
0.4
l.l

23.9
47.9
0.4
1.2

26.3
49.6
0.6
1.2

31.4
46.5
0.8
1.1

32.0
41.5
0.6
0.9

2
3
4
5

1.6
0.6
0.4
0.2

1.2
0.4
0.2
0.5

0.7
0.3
0.1
0.3

0.7
0.3

0.6
0.2

0.4
0.2

0.6

0.5

0.4

0.4
0.1
0.1
0.8

0.4
0.1
0.1
0.9

0.6
0.1
0.2
0.4

0.7
0.1
0.3
0.5

0.7
0.7
0.4
0.6

0.6
0.6
0.6
0.7

6
7
8
9

10 Total business taxes
receivable
11
State and local governments
U.S. government
12

31.6

31.3

19.5

19.3

24.1

31.0

38.4

48.1

49.5

58.4

61.2

59.6 10

16.6
14.9

19.6
12.2

17.8
1.7

19.3
-

22.1
2.1

23.1
7.9

27.0
11.3

29.8
18.4

30.3
19.3

33.9
24.5

37.4
23.8

37.1 11
22.5 12

13 Discrepancy

27.2

31.4

36.8

34.4

34.2

31.7

25.1

20.9

25.0

21.4

21.0

17.8 13

1 Total taxes payable by all
businesses
Nonfarm noncorp, business
Nonfin. corporate business
U.S.-chartered banks
Savings institutions

2
3
4
5

6
7
8
9

Life insurance companies
Other insurance companies
Finance companies
Brokers and dealers

X

X

X

L .229 Investment in 3ank Personal Trusts
I Liab.:

Bank personal trusts

215.2

244.8

248.1

264.2

293.2

306.1

358.3

404.4

414.2

443.7

515.1

522.1

1

2 Asset:

Household sector

215.2

244.8

248.1

264.2

293.2

306.1

358.3

404.4

414.2

443.7

515.1

522.1

2

BILLIONS OF DOLLARS, END OF PERIOD.




DECEMBER 7, 1994
Security Credit, Trade Credit, and Taxes

Security Credit, Trade Credit, and Taxes

L.225-L.229 Security Credit, Trade Credit, and Taxes Payable

122

LEVELS, 1991-1994
1991
IV

I
I

LEVELS, 1991-1994

I
I

1992

I

II

III

IV

1993
I

II

IV

III

I
!1

I

1994
II

III

L.,225 Security Credit

I
2
3

188.9
55.1

194.6
51.2
-

193.3
56.3
-

214.5
55.8
-

217.3
53.3

225.0
59.1
-

234.7
58.7

254.5
66.6

279.3
75.9
-

282.7
76.5
-

278.1
75.7

263.2 Total liabilities
72.2
Household sector
Rest of the world

4
5
6
7

133.8
30.0
16.8
87.0

143.4
56.9
14.7
71.8

137.0
54.4
17.5
65.1

158.6
56.3
24.3
78.0

164.1
57.3
30.7
76.1

165.9
55.9
23.7
86.3

175.9
58.9
30.4
86.7

187.9
60.2
28.1
99.5

203.3
61.4
39.3
102.7

206.3
63.2
32.8
110.3

202.4
58.4
32.2
111.8

191.0
54.7
29.3
107.0

a

9
10

188.9
87.0
-

194.6
71.8

193.3
65.1
-

214.5
78.0
-

217.3
76.1

225.0
86.3
-

234.7
86.7
-

254.5
99.5
-

279.3
102.7
-

282.7
110.3
-

278.1
111.3
-

263.2 Total assets
107.0
Household sector
Rest of the world

11
12

46.8
55.1

71.6
51.2

71.9
56.3

80.6
55.8

88.0
53.3

79.6
59.1

39.3
58.7

88.4
66.6

100.7
75.9

95.9
76.5

90.6
75.7

34.0
72.2

Brokers and dealers
From U.S.-chartered banks
From fgn. bkg. off. in US
Customer credit balances

Commercial banking
Brokers and dealers

1
2
3
4
5
6
7
8
9
10

11
12

L .226 Trade Credit

1
2
3
4

935.9
64.3
13.0
77.9

931.5
65.1
13.0
77.6

941.7
67.1
13.1
78.4

962.0
69.4
13.1
79.2

977.4
71.5
13.2
80.0

976.9
73.4
13.5
81.8

989.7
75.4
13.7
84.3

1009.6
77.5
14.0
85.3

1026.4
79.6
14.2
87.3

1022.3
81.7
14.5
88.3

1039.5
83.9
14.7
90.0

5
6
7
8
9

670.8
25.4
30.4
47.3
6.8

668.3
26.4
30.0
45.2
6.0

677.0
26.8
30.0
42.9
6.4

639.4
27.4
31.0
45.9
6.6

700.9
27.7
31.6
45.1
7.4

696.3
28.0
33.4
42.4
S.l

702.1
28.1
33.2
42.9
9.9

716.9
28.3
32.2
44.5
10.4

727.0
28.4
33.2
46.7
10.1

719.6
28.4
32.8
44.7
12.3

734.8
28.6
33.8
43.7
10.0

10
11
12
13
14
IS
16

1065.2
101.1
822.4
43.5
37.8
49.1
11.3

1076.4
102.6
833.6
43.8
38.3
49.2
11.9

1097.1
104.3
850.6
45.7
35.5
49.1
11.8

1111.5
106.1
865.0
46.6
32.4
49.0
12.4

1102.0
108.1
854.0
46.3
30.8
49.0
13.8

1107.3
110.1
856.9
47.4
30.1
49.3
13.9

1124.6
112.3
872.8
47.4
28.1
49.8
14.2

1140.1
114.6
381.3
51.2
28.7
50.3
13.5

1128.1
117.0
867.4
49.8
28.0
50.7
15.2

1143.9
119.4
880.9
51.4
25.8
51.0
15.4

1174.6
121.8
909.9
51.9
24.9
51.3
14.3

1198.5 Total assets
124.2
Nonfarm noncorp. business
929.2
Nonfin. corporate business
52.5
Rest of the world
24.9
U.S. government
51.6
Other insurance companies
16.0
ABS issuers

10
11
12
13
14
15
16

17

-129.3

-144.8

-155.3

-149.5

-124.6

-130.9

-135.0

-130.4

-101.7

-121.6

-135.1

-136.0 Discrepancy

17

1062.5 Total liabilities
86.2
Household sector
14.9
Farm business
91.2
Nonfarm noncorp. business

752.9
23.7
34.4
43.9
10.3

Nonfin. corporate business
State and local governments
Rest of the world
U.S. government
3rokars and dealers

1
2
3
4
5
6
7
8
9

L .227 Taxes Payable by Businesses

1

71.2

75.7

72.9

77.0

79.6

82.9

81.2

82.8

84.2

88.8

84.4

2
3
4
5

32.5
33.3
0.5
1.2

32.6
37.3
0.6
1.3

32.8
34.4
0.6
1.2

33.0
38.2
0.7
1.2

33.1
40.5
0.7
1.4

33.3
43.1
0.8
1.6

33.5
40.9
0.9
1.7

33.6
41.6
1.1
1.9

33.8
42.5
1.2
1.9

34.0
46.6
1.4
2.1

34.2
42.5
1.5
1.4

6
7
9

1.1
1.1
0.7
0.9

1.1
1.1
0.7
0.9

l.l
1.1
0.8
0.9

1.1
1.1
0.8
1.0

1.1
l.l
0.8
0.8

l.l
1.1
0.8
1.1

1.1
1.1
0.8
1.1

1.2
1.2
0.9
1.4

1.2
1.2
0.9
1.4

1.2
1.2
0.9
1.4

1.3
1.3
1.0
1.4

10

53.4

65.9

57.6

56.3

54.4

68.4

56.8

58.6

58.0

73.7

60.7

37.0
16.4

38.2
27.6

39.2
18.4

39.4
17.0

38.9
15.5

38.9
29.5

39.5
17.3

39.5
19.1

39.1
18.9

38.9
34.7

39.4
21.3

64.4 Total business taxes
receivable
39.6
State and local governments
24.8
U.S. government

10

11
12
13

17.8

9.8

15.2

20.7

25.2

14.5

24.3

24.3

26.2

15.2

23.6

23.8 Discrepancy

13

a

88.1 Total taxes payable oy all
businesses
34.4
Nonfarm noncorp. business
46.0
Nonfin. corporate business
1.7
U.S.-chartered banks
1.1
Savings institutions
1.3
1.3
1.0
1.4

Life insurance comoanies
Other insurance companies
Finance companies
Brokers and dealers

1
2
3
4
5
6
7
3
9

11
12

L.229 Investment in !3ank Personal Trusts

1

608.3

610.7

601.3

607.9

629.6

639.0

637.6

651.2

660.9

655.3

640.2

656.8 Liab.:

Bank personal trusts

1

2

608.3

610.7

601.3

607.9

629.6

639.0

637.6

651.2

660.9

655.3

640.2

656.8 Asset:

Household sector

2

BILLIONS OF DOLLARS, END OF PERIOD




DECEMBER 7, 1994
Miscellaneous

Miscellaneous

123

L.230 Total Miscellaneous Financial Claims

LEVELS, 1979-1993

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

885.0
11.7
19.3
103.6

1029.6
12.9
23.1
138.4

1190.4
14.7
33.1
173.0

1277.0
15.5
44.0
,191.3

1370.4
16.1
57.5
199.7

1482.3
15.1
77.4
220.7

1654.8
15.2
85.7
245.0

1838.9
13.9
88.9
289.8

2114.9
15.1
91.9
352.4

2382.3
15.5
103.3
428.3

2646.5
16.4
113.6
495.7

2820.4
16.5
123.0
536.1

1
2
3
4

Rest of the world
U.S. sovernment

360.5
N

405.7
N

424.1
N

465.8
N

447.7
w

437.9
*

452.8

486.7
-

553.1
1.2

610.4
5.8

667.9
7.8

712.4
7.7

5
6

Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial bankins
Fundins corporations

390.0
24.8
4.8
112.1
1.1

449.5
28.4
3.8
126.8
1.1

545.6
33.0
4.4
184.6
2.1

560.3
38.8
4.4
178.7
2.3

649.4
38.5
4.2
200.1
5.2

731.1
48.8
4.8
216.6
5.4

856.0
55.7
4.8
238.6
6.9

959.6
64.0
4.7
270.6
-.4

1101.2
61.9
5.7
320.3
-8.8

1218.9
63.1
5.8
361.4
-19.2

1345.2
69.3
10.0
463.5
-13.2

32.8
1.6
'54.1
112.4

34.2
3.1
57.9
127.0

34.6
3.2
66.1
138.8

30.6
2.3
73.1
150.1

49.6
2.3
82.4
163.0

61.2
2.9
97.2
177.2

79.9
2.8
111.6
214.7

91.2
3.0
117.0
258.4

101.9
3.9
122.4
304.3

122.1
4.3
131.2
335.6

85.6
3.7
142.1
369.9

108.6
3.9
137.9
396.9

12
13
14
15

36.2
4.7
-.7
6.1

54.8
4.5
-.5
8.5

64.5
4.6
0.3
9.5

71.4
5.2
0.3
3.3

81.8
5.5
0.3
16.5

91.0
6.0
0.5
19,6

105.3
8.1
0.7
27.0

106.2
10.9
0.8
33.1

139.6
9.4
1.2
39.4

154.6
14.5
3.5
42. 0

152.5
24.6
2.1
35.2

159.5
24.6
1.2
37.5

16
17
18
19

939.6
66.7
14.9
36.1
432.2

1085.9
73.5
16.8
36.8
470.7

1265.2
80.4
18.5
55.3
537.0

1344.8
87.4
20.2
41.8
549.9

1451.2
102.9
21.3
38.1
537.3

1588.7
104.2
21.4
51.6
523.6

1789.0
132.5
24.3
59.0
537.5

1999.7
149.8
27.6
70.3
592.6

2299.8
174.9
29.6
81.0
666.0

2540.4
191.3
32.4
89.8
745.3

2891.6
206.2
34.5
97.5
749.1

3081.6
224.4
36.6
107.0
805.8

20
21
22
23
24

98.1
8.5

142.5
10.1

173,9
10.9

173.3
12.4

210.6
13.1

234.1
15.0

259.3
16.4

281.0
16.9

344.0
17.9

416.5
20.3

537.2
35.6

283.0
1.3
3.0
102.3
-

335.4
2.3
3.5
120.8
12.5

389.2
2.6
4.0
147.5
16.8

459.7
3.6
3.9
172.7
22.8

527.9
4.2
4.9
187.6
25.9

638.9
6.7
8.5
244.5
27.1

759.9
1.5
8.0
286.5
38.7

861.6
3.2
7.7
319.8
46.2

986.2
9.2
9.9
351.8
55.8

1044.8
16.2
9.4
374.4
75.4

1231.5
25.7
7.5
477.1
77.8

1278.0
28.1
6.9
455.4
81.4

27
28
29
30
31

1 Total liabilities
2
Household sector
3
Nonfarm noncorp. business
Nonfin. corporate business
4
5
6

7
8
9
10
11

LEVELS, 1979-1990

12
13
14
15

Savinss institutions
Credit unions
Life insurance companies
Other insurance companies

16
17
18
19

Finance companies
Mortsase companies
REITs
Brokers and dealers

20 Total assets
Household sector
21
Farm business
22
Nonfarm noncorp. business
23
24
Nonfin. corporate business

25
26

Rest of the world
U.S. sovernment

27
28
29
30
31

Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial bankins
Fundins corporations

1424.8 7
70.6 8
5.6
9
471.2 10
7.2 11

560.1 25
69.8 26

32
33
34
35
36
37

Savinss institutions
Credit unions
Life insurance companies
Other insurance companies
Private pension funds
St.Sloc. sovt. rtr. funds

38.1
2.3
24,9
6.8
77.7
-

38.7
5.7
28.5
7.8
83.8
0.8

44.4
4.7
35.8
8.9
82.6
1.6

63.5
4.2
44.0
9.5
87.0
3.0

76.4
4.2
50.1
9.9
106.0
5.8

108.0
3.5
59.1
9.9
109.1
4.2

122.5
4.4
66.8
10.0
136.3
5.6

124.6
7.0
74.8
11.8
155.1
8.0

146.3
4.4
84.7
15.5
174.8
8.8

177.8
4.5
93.4
18.9
101.3
24.8

140.3
5.9
101.3
22.4
127.6
55.3

153.8
7.9
99.4
24.8
119.6
78.3

32
33
34
35
36
37

38
39
40
41
42

Finance companies
REITs
Money market mutual funds
Brokers and dealers
Bank personal trusts

16.8
-1.6
0.7
6.5
4.1

18.7
-.9
1.1
7.8
4.4

22.0
0.5
2.9
9.5
5.4

25.5
0.8
1.8
11.9
5.4

27.8
0.8
1.5
17.1
5.8

27.6
2.0
3.0
19.6
5.9

40.1
2.3
3.6
26.8
6.8

53.1
2.4
6.5
34.7
6.5

67.6
3.4
7.9
38.2
7.8

79.4
6.0
8.5
47.2
7.6

94.3
7.0
13.7
66.5
9.0

103.9
5.5
7.3
97.0
8.7

38
39
40
41
42

-54.6

-56.3

-74.8

-67.7

-80.8

-106.4

-134.2

-160.8

-184.8

-158.2

-245.1

43 Discrepancy

BILLIONS OF DOLLARS, END OF PERIOD.




-261.2 43

DECEMBER 7, 1994
Miscellaneous

Miscellaneous

L.230 Total Miscellaneous Financial Claims

124
LEVELS, 1991-1994

LEVELS, 1991-1994
1991
IV

I
1

1992
I

II

III

IV

I
1

1993

I

II

III

IV

I
1

I

1994
II

III

I
2
3
4

2992.2
15.7
129.2
561.6

2993.1
15.7
131.3
566.9

3034.7
15.7
133.5
575.9

3135.6
15.7
135.6
580.0

3160.2
15.8
138.0
583.2

3174.9
15.9
140.1
576.5

3249.9
16.1
141.9
577.9

3316.5
16.4
144.3
581.2

3414.6
16.6
146.1
583.6

3503.2
16.9
148.6
593.1

3550.8
17.1
150.8
593.9

5
6

718.5
7.0

686.5
6.7

706.1
6.9

713.0
6.6

713.5
6.9

719.7
6.8

747.3
6.8

752.3
6.5

794.7
6.8

826.6
6.5

822.9
6.6

876.5
6.6

7
8
9
10
11

1560.2
78.3
6.8
514.7
38.6

1586.0
90.3
3.7
502.4
45.1

1596.6
85.9
2.9
531.8
30.8

1684.6
90.7
3.2
567.2
65.2

1702.8
90.8
3.7
560.8
73.5

1716.0
78.4
4.2
581.1
81.9

1759.9
84.6
4.0
593.9
84.2

1815.8
81.9
5.4
614.9
102.3

1866.7
85.9
4.6
634.0
120.9

1911.5
73.6
4.7
670.7
124.0

1959.5
66.4
6.0
700.9
141.1

2018.9
64.0
5.9
730.9
152.5

12
13
14
15

107.1
4.5
149.0
416.0

106.8
4.0
154.3
421.0

105.7
4.4
156.7
427.4

106.8
5.0
158.8
433.6

107.3
4.6
161.6
439.2

105.3
4.8
165.0
443.5

106.5
5.0
168.5
447.1

107.8
5.2
173.6
450.4

103.7
5.1
176.2
456.6

104.2
5.0
179.3
461.9

108.5
5.4
180.9
467.3

110.9
5.4
184.0
472.7

Savings Institutions
Credit unions
Life insurance companies
Other insurance companies

12
13
14
15

16
17
18
19

162.7
38.2
2.9
41.5

176.1
37.0
0.2
45.1

174.6
28.2
-.1
48.4

172.8
31.9
-l.i
50.7

179.2
30.3
2.4
49.4

179.9
24.0
0.6
47.4

182.4
32.1
1.5
50.0

188.2
32.0
1.6
52.7

190.9
31.2
2.3
55.2

193.5
24.3
1.7
68.6

197.6
16.0
1.9
67.4

207.2
13.5
1.4
70.4

Finance companies
Mortgage companies
REITs
Brokers and dealers

16
17
18
19

20
21
22
23
24

3322.9
234.1
37.8
112.2
844.9

3369.3
238.0
38.2
113.2
871.4

3414.7
242.5
38.7
114.4
881.1

3524.0
247.0
39.3
115.4
909.7

3558.6
251.0
39.8
116.0
907.7

3607.6
254.5
40.2
116.5
897.9

3659.2
257.6
40.6
116.8
9 08.4

3769.0
261.9
40.9
117.1
931.6

3865.6
264.1
41.3
117.6
943.9

3973.5
267.8
41.8
118.0
969.9

3991.9
270.3
42.2
118.6
958.2

25
26

621.3
105.8

605.3
113.6

610.9
122.1

594.8
123.4

602.5
121.2

619.9
120.7

646.7
119.8

672.8
115.6

707.2
117.3

716.4
114.0

689.5
117.8

758.7
115.3

27
28
29
30
31

1366.9
34.1
6.6
473.2
74.8

1389.7
25.9
5.1
493.1
83.1

1405.0
27.1
5.2
521.0
85.9

1494.5
27.7
7.0
540.2
87.1

1520.4
21.4
7.4
550.0
85. 1

1557.8
24.1
7.7
575.2
96.0

1569.2
23.2
9.2
590.4
102.0

1629.1
27.5
8.3
610.7
103.8

1674.3
24.9
9.6
628.1
104.6

1745.6
23.0
8.6
657.6
119.4

1794.9
19.4
8.9
690.8
119.6

1842.7
16.1
8.7
702.4
130.7

32
33
34
35
36
37

112.6
12.3
110.7
23.7
157.3
62.0

106.2
16.3
108.4
24.2
155.2
64.7

104.8
16.0
108.2
24.6
155.4
63.5

101.7
16.9
108.0
20.8
159.3
80.0

96.6
15.7
108.0
23.3
171.6
84.0

84.3
17.9
109.1
23.9
177.2
85.2

79.1
18.0
112.5
24.4
179.1
59.9

71.7
19.1
110.9
24.7
185.7
59.0

70.4
16.5
107.2
27.1
189.0
57.6

67.8
22.6
112.7
27.5
182.9
58.2

65.1
22.2
110.5
27.7
180.7
62.8

58.1
17.5
116.1
27.3
187.4
73.9

Savings institutions
Credit unions
Life insurance companies
Other insurance companies
Private pension funds
St.Sloc. 3ovt. rtr. funds

32
33
34
35
36
37

38
39
40
41
42

138.4
7.0
14.2
129.0
10.8

134.6
7.0
14.1
140.6
11.3

128.2
6.8
18.8
127.8
11.6

135.0
6.6
20.4
171.8
12.0

138.8
5.8
23.7
176.6
12.6

138.6
4.9
24.0
176.6
13.3

139.4
7.1
31.4
179.4
14.1

151.7
7.8
39.2
193.9
15.1

158.6
8.8
40.9
214.9
16.0

158.8
8.9
52.5
228.1
17.1

162.1
9.0
53.2
244.9
18.2

164.6
9.1
56.2
254.3
19.3

Finance companies
REITs
Money market mutual funds
Brokers and dealers
Bank personal trusts

38
39
40
41
42

43

-330.7

-376.2

-380.0

-388.4

-398.4

-432.7

-409.3

-452.6

-451.0

-470.3

-441.1

BILLIONS OF DOLLARS, END OF PERIOD




3673.5 Total liabilities
Househola sector
17.3
Nonfarm noncorp. business
153.3
601.0
Nonfin. corporate business

1
2
3
4

Rest of the world
U.S. government

5
6

Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial banking
Funding corporations

7
8
9
10
11

4129.9 Total assets
275.9
Household sector
Farm business
42.3
118.9
Nonfarm noncorp. business
Nonfin. corporate business
975.5

20
21
22
23
24

Rest of the world
U.S. government

25
26

Financial sectors
Govt.-spons. enterprises
Monetary authority
Commercial banking
Funding corporations

27
28
29
30
31

-456.3 Discrepancy

43

DECEMBER 7, 1994
Identified Miscellaneous Financial Claims

Identified Miscellaneous Financial Claims

L.231 Identified Miscellaneous Financial Claims

125

LEVELS, 1979-1990

LEVELS, 1979-1990

1984

1985

1986

1987

1988

1989

1990

969.5

1033.4

1075.2

1153.2

1297.5

1455.3

1635.1

1796.4

1990.1

2131.6

1

404.2
384.3
8.1
1.5
7.8
1.7
0.9

426.4
402.9
10.1
1.7
8.9
2.0
0.8

419.8
393.8
11.4
1.7
9.5
2.4
1.0

410.0
382.0
12.6
1.7
9.9
2.9
.0.8

403.6
373.9
13.8
1.9
9.9
3.4
0.7

424.7
394.0
14.8
1.6
10.0
3.4
0.9

454.8
419.6
15.0
1.5
11.8
5.7
1.2

523.2
479.1
18.7
1.9
15.5
5.2
2.8

538.2
466.9
20.2
2.1
18.9
7.3
2.7

577.2
504.4
22.6
2.4
22.4
23.1
2.3

632.6
559.0
24.9
2.7
24.8
16.7
2.5

2
3
4
5
6
7
8

3.7
110.2
4.6
2.8
3.3
0.4
0.9
125.9

4.9
140.2
6.6
3.6
3.5
K
1.1
159.9

5.6
153.3
7.8
3.9
4.0
0.4
1.8
176.9

6.4
156.3
8.7
4.0
4.7
N
2.3
184.4

7.1
179.2
10.3
4.9
4.0
1.9
3.7
211.2

8.0
195.0
11.4
7.3
4.5
1.4
3.8
231.3

8.1
235.2
12.4
-12.4
9.4
6.0
3.6
3.6
265.8

3.1
295.6
14.4
-23.9
7.2
10.5
3.5
3.1
313.5

6.5
366.9
16.9
-42.4
7.3
11.7
2.7
4.8
374.3

6.7
423.3
16.6
-52.4
8.6
14.2
9.3
6.3
436.6

10.1
468.3
16.4
-64.2
9.9
17.3
4.6
3.8
468.1

9
10
11
12
13
14
15
16
17

1981

732.2

872.7

$48.2
331.2
6.5
1.3
6.8
1.5
1.0

direct investment in U.,s.
Nonfarm noncorp. bus.
1.3
79.4
Nonfin. corp. bus.
Commercial banking
2.0
Funding corporations
1.9
Life insurance cos.
Other Insurance cos.
2.2
0.1
Finance companies
Brokers and dealers
1.3
Rest of the world
88.3

U.S. direct Investment abroad
Liab.: Rest of the world
Asset: Nonfinan. corp. bus.
Commercial banking
Life insurance cos.
Other Insurance cos.
Finance companies
Brekers and dealers

Foreign
9 Liab.:
10
11
12
13
14
15
16
17 Asset:

1983

1980

1 Total identified olalms
2
3
4
5
6
7
8

1982

1979

U.S. govt, equity In IBRD, etc.
18 Liab.: Rest of the world
19 Asset: U.S. government

7.5
7.5

8.3
8.3

9.3
9.3

10.6
10.6

11.3
11.3

12.9
12.9

14.4
14.4

15.9
15.9

17.2
17.2

19.6
19.6

20.7
20.7

22.0 18
22.0 19

Nonofficial foreign currencies
20 Liab.: Rest of the world
21 Assat: U.S. government

0.9
0.9

1.8
1.8

1.6
1.6

1.8
1.8

1.8
1.8

2.1
2.1

1.9
1.9

0.9
0.9

0.8
O.S

0.7
0,7

0.6
0.6

0.6 20
0.6 21

Postal Savings System deposits
22 Liab.: U.S. government
23 Asset: Household sector

*
N

M
N

M
N

M
N

N
M

N
M

-

-

-

-

-

10.1
10.1

11.9
11.9

14.7
14.7

11.8
11.8

18.9
18.9

23.3
23.3

27.0
27.0

20.4
20.4

19.0
19.0

25.9
25.9

30.7 24
30.7 25

1.1
1.1

1.2
1.2

1.3
1.3

1.4
1.4

1.5
1.5

1.6
1.6

1.8
1.8

1.9
1.9

2.0
2.0

2.1
2.1

2.2
2.2

2.4 26
2.4 27

9.0
2.5
0.6
0.6
5.1
-

9.7
3.1
0.8
0.6
5.2
-

11.0
3.7
0.8
0.6
-

12.0
4.1
0.9
0.7
-

14.6
-

-

16.3
3.0
0.7
1.3
-

9.5

11.3

-

18.2
3.0
0.7
1.3
13.2
-

17.6
2.2
0.8
1.3
-

6.3

13.1
4.3
0.9
0.7
7.2
-

14.0
4.0
0.8

5.8

12.2
4.2
0.8
0.7
6.4
-

Deposits at Federal Home Loan Banks
9.3
24 Liab.: Govt.-sp. enterprises
Savings institutions
9.3

25 Asset:

Federal Reserve Bank stock
26 Liab.: Monetary authority
27 Asset: Commercial banking
Equity in govt.-spons. enterprises

28 Liab.:
29 Asset:
30
31
32
33
34
35

36

Govt.-sp. enterprises

U.S. government
Farm bus. (FICB 8 FLB)
Nonfarm noncorp. (BC)
Nonfin.corp.bus;(FNMA)
Commercial banks(FHLB)
Savings inst. (FHLB)

Credit unions (FHLB)

Life insur. cos.(FHLB)

Deferred and unpaid life insurance premiums
37 Liab.: Household sector
11.7
12.9
38 Asset: Life insurance cos.
12.9
11.7

Life insurance company reserves
Life insurance cos.
Health
Policy div. accum.
Household sector

-

-

0.8

8.3
-

3.4

0.8
0.9

-

13.4

-

-

15.0
2.0
0.6
1.3
0.1
11.0
N
*

22
23

28

29
30
31
32
33
34
35
36

14.7
14.7

15.5
15.5

16.1
16.1

15.1
15.1

15.2
15.2

13.9
13.9

15.1
15.1

15.5
15.5

16.4
16.4

16.5 37
16.5 38

39.0

41.7
25.1
41.7

45.2
18.8
26.3
45.2

48.2
21.3
26.9
48.2

51.9
24.0
27.9
51.9

55.9
26.9
29.1
55.9

60.5
29.9
30.7

60.5

65.4
33.4
31.9
65.4

39
40
41
42

379.7
159.1
34.6
66.4
119.6

43
44
45
46
47

39 Liab.:

29.7

40
41
42 Asset:

10.4
19.3
29.7

31.4
11.0
20.4
31.4

33.5
11.9
21.6
33.5

35.8
13.2

35.8

15.0
24.0
39.0

110.2
37.0
12.4
21.8
38.9

123.7
42.1
13.7
24.3
43.6

135.3
46.8
14.8
26.3
47.3

146.1
51.6
16.1
28.4
50.0

158.3
63.9
17.1
23.3
53.5

173.1
62.5
17.1
34.8
58.6

210.2
87.4
20.4
39.6
62.8

252.4
101.6
24.2
45.0
81.6

293.3
123.0
26.7
51.7
92.4

323.9
135.4
29.4
56.6
102.5

355.7
145.7
32.4
60.4
117.2

Pension fund contributions payable
48 Liab.: Nonfin. corp, business
24.2
49 Asset: Private pension funds
24.2

28.1
28.1

32.7
32.7

38.0
38.0

41.3
41.3

41 .5
41.5

50.1
50.1

54.6
54.6

56.8
56.3

61.4
61.4

72.4
72.4

BHC investment in subsidiaries
50 Liab.: Commercial banking
51
Savings institutions
52
Finance companies
53
Mortgage companies
54
Brokers and dealers
55 Asset: Bank holding companies

60.4
4.8
14.6
4.7
84.5

67.2
5.5
16.9
4.5
94.1

85.9
5.9
7.9
4.6
104.3

102.1
5.3
13.5
5.2
125.1

117.6
5.3
17.3
5.5
145.6

136.4
6.5
25.0
6.0
174.0

152.1
7.2
35.8
8.1
203.2

163.8
7.3
41.3
10.9
228.3

172.6
6.5
37.5
9.4
15.0
240.9

193.8
6.4
27.6
14.5
17.3
259.7

202.4
6.4
26.4
24.6
18.6
278.4

NFC investment in finance co. subs.
6.4
56 Liab.: Finance companies
57 Asset: Nonfin. corp, business
6.4

7.5
7.5

8.6
8.6

9.7
9.7

10.8
10.3

11.9
11.9

16.7
16.7

18.7
18.7

12.5
12.5

9.2
9.2

8.8
8.8

15.0 56
15.0 57

-

3.9
8.6
12.5

12.6
4.2
16.8

17.1
5.7
22.8

19.3
6.7
25.9

19.6
7.5
27.1

22.7
16.0
38.7

26.9
19.4
46.2

34.1
21.7
55.8

46.9
28.5
75.4

49.5
28.3
77.8

47.6 58
33.8 59
81.4 60

1.1
1.1

1.1
1.1

2.1
2.1

2.3
2.3

5.2
5.2

5.4
5.4

6.9
6.9

12.0
12.0

15.1
15.1

23.2
23.2

39.3
39.3

71.4 61
71.4 62

22.6

16.6

Policy payables

43 Liab. :
44 Asset:
45
46
47

Fund ing
58 Liab.:
59
60 Asset:

Other insurance cos.
Household sector
Farm business
Nonfarm noncorp. bus.
Nonfin. corp, business

coro. invest, in subs.
Fgn. bkg. off. in US
Brokers and dealers
Funding corporations

Securities borrowed (net)
61 Liab. : Funding coroorations
62 Asset: Brokers and dealers
BILLIONS OF DOLLARS, END OF PERIOD.




67.7 48
67.7 49
207.8
6.0
22.5
24.6
2.1
263.0

50
51
52
53
54
55

DECEMBER 7, 1994
Identified Miscellaneous Financial Claims

Identified Miscellaneous Financial Claims

126

L.231 Identified Miscellaneous Financial Claims
LEVELS, 1991-1994

1991
IV
1

2256.6

|
I

LEVELS, 1991-1994
1992

I

2298.6

II

2328.9

III

2395.9

IV

2405.0

I
1

1993
I
2432.7

II
2489.1

III
2533.6

IV
2596.1

I
I

I

2660.4

1994
II
2692.9

III

2751.0 Total identified claims
U.S. direct investment abroad
Liab. : Rest of the world
Asset : Nonfinan. corp. bus.
Commercial banking
Life insurance cos.
Other insurance cos.
Finance companies
Brokers and dealers

1

2
3
4
5
6
7
3

661.7
584.3
25.4
3.7
23.7
21.2
3.5

680.0
596.0
26.1
3.9
24.2
26.2
3.7

688.9
605.4
26.4
4.0
24.6
24.5
3.9

693.4
613.9
27.0
4.0
20.8
23.8
3.9

676.7
590.6
29.3
4.1
23.3
24.3
5.2

680.1
595.6
29.7
4.0
23.9
21.5
5.3

699.2
608.4
30.1
4.0
24.4
26.3
6.0

706.6
618.9
30.9
4.1
24.7
22.0
6.1

716.2
611.6
32.8
4.6
27.1
34.9
5.2

742.2
631.1
33.2
4.6
27.5
40.6
5.2

751.8
643.7
33.8
4.6
27.7
36.7
5.4

763.8
656.8
33.4
4.5
27.8
35.8
5.4

9
10
11
12
13
14
15
16
17

8.3
472.9
24.3
-64.3
9.0
24.3
11.6
5.7
491.9

8.4
479.5
24.6
-72.9
9.2
24.4
12.4
5.3
491.3

8.4
488.3
24.6
-78.6
9.4
24.6
12.4
6.0
495.0

8.4
490.2
25.2
-79.1
-9.5
24.5
12.8
5.9
497.5

8.7
486.6
26.3
-76.4
9.4
24.9
13.9
3.8
497.1

8.6
476.5
27.4
-66.2
9.4
24.9
13.5
3.8
498.1

8.4
476.9
28.6
-64.5
11.3
25.1
17.7
3.9
507.S

8.6
476.6
29.2
-62.6
11.6
25.0
18.5
3.9
511.0

8.3
477.2
31.0
-65.2
12.0
27.2
21.5
4.8
516.7

8.6
490.1
31.7
-71.0
12.3
27.8
23.4
5.3
528.4

8.7
492.2
32.5
-71.5
12.4
28.2
25.2
5.3
532.8

Foreign direct Investment in U.S.
9.1 Liab.: Nonfarm noncorp. bus.
495.4
Nonfin. corp. bus.
33.2
Commercial banking
-69.5
Funding corporations
12.6
Life insurance cos.
28,8
Other insurance cos.
25.0
Finance companies
5.7
Brokers and dealers
540.3 Asset: Rest of the world

9
10
11
12
13
14
15
16
17

13
19

23.5
23.5

23.8
23.8

24.1
24.1

24.5
24.5

25.0
25.0

25.2
25.2

25.4
25.4

25.7
25.7

26.1
26.1

26.3
26.3

26.7
26.7

U.S. govt. equity in I3RD, etc.
27.1 Liab.: Rest of the world
27.1 Asset:
U.S. government

18
19

20
21

1.6
1.6

1.6
1.6

1.8
1.8

1.5
1.5

1.6
1.6

2.0
2.0

2.4
2.4

2.9
2.9

1.9
1.9

1.8
1.8

1.9
1.9

Nonofficial foreign currencies
2.1 Liab.: Rest of the world
2.1 Asset:
U.S. government

20
21

■

-

-

-

-

-

Postal Savings System deoosits
- Liab.:
U.S. government
- Asset: Household sector

22
23

22
23

■

2
3
4
5
6
7
8

24
25

31.7

31.7

35.3
35.3

34.9
34.9

35.9
35.9

30.8
30.8

28.7
28.7

24.9
24.9

22.8
22.3

23.7
23.7

21.9
21.9

18.2
18.2

Deposits at Federal Home Loan 3anks
15.4 Liab.: Govt.-sp. enterprises
15.4 Asset: Savings institutions

24
25

26
27

2.7
2.7

2.7
2.7

2.8
2.8

3.0
3.0

3.1
3.1

3.2
3.2

3.3
3.3

3.3
3.3

3.4
3.4

3.4
3.4

3.5
3.5

Federal Reserve Bank stock
3.6 Liab.:
Monetary authority
3.6 Asset:
Commercial C3nking

26
27

28
29
30
31
32
33
34
35
36

14.3
2.2
0.6
1.8
0.7
9.5

14.7
2.1
0.6
1.9
0.9
9.3

14.4
2.0
0.6
1.9
1.0
8.8
*

14.7
2.1
0.6
1.9
1.3
8.8

14.7
2.1
0.6
1.9
1.4
8.6

15.0
2.2
0.7
1.9
1.7
8.6

15.4
2.2
0.7
1.9
2.0
8.5
0.1

16.0
2.2
0.7
1.9
2.4
8.7
0.1

16.3
2.2
0.8
1.9
2.7
8.7
0.1

16.7
2.3
0.8
2.0
3.0
8.5
0.1

17.4
2.3
0.9
2.0
3.6
8.6
0.1
0.1

Equity in govt .-spons. enterorises
17.8 Liab.:
Govt.-sp. enterprises
- Asset:
U.S. government
2.3
Farm bus. (FIC3 8 FLB)
0.9
Nonfarm noncorp. (30
2.0
Nonfin.corp.bus.(FNMA)
3.9
Commercial banks(FHLB)
8.6
Savings inst. (FHLB)
0.1
Credit unions (FHLB)
0.1
Life insur. cos.(FHL3)

28
29
30
31
32
33
34
35
36

37
33

15.7
15.7

15.7
15.7

15.7
15.7

15.7
15.7

15.8
15.8

15.9
15.9

16.1
16.1

16.4
16.4

16.6
16.6

16.9
16.9

39
40
41
42

70.0
38.2
31.7
70.0

71.8
40.0
31.9
71.8

73.7
41.7
32.0
73.7

75.6
43.4
32.2
75.6

77.5
45.2
32.3
77.5

79.2
46.7
32.4
79.2

80.8
48.2
32.5
80.3

83.7
51.0
32.7
83.7

84.2
51.4
32.8
34.2

85.9
53.0
32.9
85.9

86.8
53.7
33.0
86.8

43
44
45
46
47

391.7
164.1
35.6
68.6
123.4

396.6
166.2
36.1
69.4
124.9

402.8
168.8
36.7
70.5
126.9

409.0
171.4
37.2
71.6
128.8

414.3
173.6
37.7
72.5
130.5

418.6
175.4
38.1
73.2
131.8

422.0
176.8
38.4
73.9
132.9

425.4
178.2
38.7
74.4
134.0

429.4
179.9
39.1
75.2
135.3

434.1
181.9
39.5
76.0
136.7

439.2
184.0
40.0
76.9
138.3

48
49

38.7
88.7

87.5
87.5

87.6
87.6

89.8
89.8

96.6
96.6

99.9
99.9

101.0
101.0

104.5
104.5

106.4
106.4

103.0
103.0

101.8
101.8

50
51
52
53
54
55

227.2
5.0
17.2
38.2
-19.8
267.8

223.0
4.8
17.2
37.0
-22.8
259.2

235.8
4.5
17.4
28.2
-11.4
274.5

244.0
4.3
17.5
31.9
-11.2
286.4

255.0
4.0
18.9
30.3
-10.1
298.0

263.2
4.0
21.6
24.0
-11.4
301.3

270.9
4.0
22.5
32.1
-11.5
318.1

279.1
4.2
22.3
32.0
-13.1
324.4

236.6
4.4
21.4
31.2
-.7
343.0

290.7
4.8
20.6
24.3
4.5
344.9

293.2
5.3
22.4
16.0
4.3
341.2

56
57

17.2
17.2

17.2
17.2

17.4
17.4

17.5
17.5

18.9
18.9

21.5
21.5

22.5
22.5

22.3
22.3

21.4
21.4

20.5
20.5

22.3
22.3

58
59
60

30.3
44.5
74.8

33.4
49.6
83.1

33.2
52.8
85.9

28.1
59.1
87.1

21.5
63.7
85.1

26.1
69.9
96.0

26.0
76.0
102.0

24.5
79.3
103.8

23.8
80.8
104.6

23.3
95.6
119.4

23.8
95.8
119.6

Funding corp, invest, in subs.
30.0 Liab.:
Fgn. bkg. off. in US
100.7
Brokers and dealers
130.7 Asset:
Funding corporations

58
59
60

61
62

102.9
102.9

118.0
118.0

109.3
109.3

144.3
144.3

150.0
150.0

148.1
148.1

148.6
148.6

164.8
164.8

136.1
136.1

195.0
195.0

212.6
212.6

Securities borrowed (net)
222.0 Liab.:
Funding corporations
222.0 Asset:
Brokers and dealers

61
62

X

*

X
X

X

X
X

BILLIONS OF DOLLARS, END OF PERIOD




X
X

X
X

X

X

X

X

Deferred and unpaid life insurance premiums
17.1
17.3 Liab.: Household sector
17.1
17.3 Asset:
Life insurance cos.

37
38

Life insurance company reserves
89.6 Liab.:
Life insurance cos.
56.5
Health
33.1
Policy div. accum.
89.6 Asset:
Household sector

39
40
41
42

Policy payables
444.0 Liab.:
Other insurance cos.
186.3 Asset:
Household sector
40.5
Farm business
77.6
Nonfarm noncorp. bus.
139.6
Nonfin. corp, business

43
44
45
46
47

Pension fund contributions oayable
Nonfin. corp, business <8
105.5 Liab. :
105.5 Asset:
Private pension funds
49
BHC investment in subsidiaries
297.0 Liab.:
Commercial banking
5.9
Savings institutions
25.0
Finance companies
13.5
Mortgage companies
5.4
Brokers and dealers
3ank holding companies
346.9 Asset:

50
51
52
53
54
55

NFC investment in finance co. subs.
25.0 Liab.:
Finance comoanies
56
25.0 Asset:
Nonfin. corp, ousiness 57

DECEMBER 1, 1994
Unidentified Miscellaneous Financial Claims

127

Unidentified Miscellaneous Financial Claims

L.232 Unidentified Miscellaneous Financial Claims

LEVELS, 1979-1990

1 Total liabilities
2
Nonfarm noncorp, business
3
U.S. government
4
Govt.-spons. enterprises
5
Rest of the world
6
Monetary authority

LEVELS, 1979-1990

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

152.8
18.0
6.6
3.8
3.6

156.9
19.4
8.6
-8.7
2.6

220.9
28.1
10.1
-13.2
3.1

243.6
38.4
12.1
33.6
3.0

295.2
51.1
14.5
24.7
2.8

329.1
70.3
16.8
19.4
3.1

357.3
77.7
18.4
11.8
3.1

383.6
80.8
22.5
15.0
2.8

479.8
88.8
1.2
25.3
12.0
3.7

585.9
96.8
5.8
25.8
52.0
3.6

656.5
104.8
7.8
25.8
69.4
7.7

688.8
112.8
7.7
24.9
57.1
3.1

103.8
69.7
15.3
16.3
2.4

193.0
80.5
89.0
20.6
2.9

197.3 7
82.i 8
88.1 9
23.3 10
3.9 11

1
2
3
4
5
6

7
8
9
10
11

Commercial banking
U.S.-chartered banks
Foreign banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

49.8
43.0
3.6
3.4
-.3

51.1
46.5
1.2
1.5
1.9

79.5
51.3
23.9
1.5
2.7

51.7
40.3
6.2
2.9
2.2

54.6
41.8
4.2
4.0
4.7

50.2
40.5
2.2
3.2
4.3

52.4
42.9
0.4
3.5
5.6

62.5
45.3

14.4
2.9

99.3
65.3
16.7
15.6
1.8

12
13
14
15
16
17

Savings Institutions
Credit unions
Life Insurance companies
Finance companies
REITs
Brokers and dealers

28.0
1.6
22.5
15.0
-.7
4.8

28.7
3.1
23.7
29.9
-.5
-1.0

28.7
3.2
29.0
48.0
0.3
4.2

25.3
2.3
33.4
47.8
0.3
-4.2

44.3
2.3
39.4
53.6
0.3
7.5

54.7
2.9
50.6
52.1
0.5
8.4

72.7
2.8
59.2
51.4
0.7
7.1

83.9
3.0
59.5
42.6
0.8
10.1

95.4
3.9
63.3
86.2
1.2
-.5

115.7
4.3
68.0
115.2
3.5
-8.7

79.2
3.7
73.0
107.9
2.1
-18.0

102.6
3.9
62.7
117.4
1.2
-2.1

12
13
14
15
16
17

207.4
13.7
55.0
1.3
9.8
3.0

213.2
11.7
34.7
2.3
16.6
3.5

295.7
23.1
77.6
2.6
14.0
4.0

311.4
12.5
95.6
3.6
-3.5
3.9

376.0
13.5
90.2
4.2
26.2
4.9

435.6
15.9
78.4
6.7
22.9
8.5

491.5
18.5
63.2
1.5
26.0
8.0

544.5
24.5
71.8
3.2
15.2
7.7

664.6
28.5
80.8
9.2
30.6
9.9

744.1
32.5
145.4
16.2
42.1
9.4

901.5
36.3
117.4
14.3
25.7
100.6
7.5

950.0
40.0
110.9
47.1
28.1
91.9
6.9

18
19
20
21
22
23
24

18 Total assets
Nonfarm noncorp, business
19
20
Nonfin. corporate business
21
U.S. government
22
Govt.-spons. enterprises
23
Rest of the world
24
Monetary authority

M

25
26
27
28
29

Commercial banking
U.S.-chartered banks
Foreign banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

10.2
3.7
-.1
1.8
4.8

17.3
7.2
2.1
1.4
6.6

31.8
8.5
11.9
1.9
9.5

33.9
3.6
21.6
2.4
6.3

27.9
-2.1
19.1
2.9
8.0

55.2
27.8
17.9
4.3
5.2

66.7
40.0
18.1
4.2
4.4

74.5
41.5
24.6
6.0
2.4

90.2
38.9
42.2
7.3
1.6

92.3
38.1
44.5
6.6
3.2

173.9
49.9
111.2
8.8
4.1

164.9
51.5
87.2
22.0
4.2

25
26
27
28
29

30
31
52
33
34

Savings institutions
Credit unions
Life insurance companies
Private pension funds
St.Sloc. govt. rtr. funds

23.7
2.3
11.9
53.5
-

23.5
5.7
14.1
55.7
0.8

26.6
4.7
19.4
49.9
1.6

42.5
4.2
26.8
49.0
3.0

58.2
4.2
32.3
64.6
5.8

82.0
3.5
42.1
67.6
4.2

90.8
4.4
50.1
86.2
5.6

88.2
7.0
59.5
100.5
8.0

114.6
4.4
67.7
118.0
8.8

145.6
4.5
75.7
40.0
24.8

101.0
5.9
82.6
55.3
55.3

112.1
7.9
80.2
51.8
78.3

30
31
32
33
34

35
36
37
38
39

Finance companies
REITs
Money market mutual funds
Brokers and dealers
Bank personal trusts

15.3
-1.6
0.7
4.4
4.1

17.0
-.9
1.1
5.8
4.4

20.0
0.5
2.9
6.5
5.4

23.1
0.8
1.8
8.6
5.4

24.8
0.8
1.5
11.1
5.8

24.2
2.0
3.0
13.6
5.9

36.7
2.3
3.6
19.0
6.8

47.4
2.4
6.5
21.5
6.5

62.4
3.4
7.9
20.3
7.8

72.1
6.0
8.5
21.3
7.6

71.2
7.0
13.7
24.9
9.0

85.2
5.5
7.3
23.1
8.7

35
36
37
38
39

-54.6

-56.3

-74.8

-67.7

-80.8

-106.4

-134.2

-160.8

-184.8

-158.2

-245.1

40 Discrepancy
BILLIONS OF DOLLARS, END OF PERIOD.




-261.2 40

DECEMBER 7, 1994
Unidentified Miscellaneous Financial Claims

Unidentified Miscellaneous Financial Claims

128

L.232 Unidentified Miscellaneous Financial Claims

LEVELS, 1991-1994

LEVELS, 1991-1994
1991 I
iv

1992

i

I

II

III

IV

I
11

1993

I

II

III

IV

I
11

I

1994
11

III

1
2
3
4
5
6

735.5
120.8
7.0
31.8
31.7
4.1

694.5
123.0
6.7
40.3
-19.0
0.9

705.8
125.1
6.9
36.6
-8.7
N

739.7
127.2
6.6
40.1
-6.5
0.2

755.1
129.3
6.9
45.4
10.2
0.6

742.2
131.5
6.8
34.6
12.4
1.0

760.8
133.6
6.8
44.3
20.3
0.7

782.9
135.7
6.5
43.2
17.0
2.0

818.4
137.8
6.8
45.8
50.6
1.2

842.9
140.0
6.5
35.0
56.3
1.3

857.9
142.1
6.6
30.8
42.5
2.5

922.6 Total liabilities
144.2
Nonfarm noncorp. business
6.6
U.S. government
30.8
Govt.-spons. enterprises
83.6
Rest of the world
Monetary authority
2.3

7
8
9
10
11

232.8
91.3
120.4
18.2
2.9

221.4
93.6
1(15.4
18.9
3.5

238.2
95.6
119.3
19.7
3.7

269.9
96.5
145.9
23.7
3.8

258.0
82.5
149.4
22.0
4.2

264.4
90.5
148.3
21.0
4.6

268.4
93.9
147.7
21.7
5.1

282.1
91.8
162.0
22.6
5.6

292.6
96.1
170.8
19.6
6.1

324.4
146.7
149.7
21.3
6.7

351.5
155.5
168.5
20.2
7.3

370.7
173.5
163.5
25.8
7.9

Commercial banking
7
8
U.S.-chartered banks
Foreign banking off. in US 9
10
Bank holding companies
Banks in U.S.-aff. areas
11

12
13
14
15
16
17

102.1
4.5
70.1
116.6
2.9
11.1

102.1
4.0
73.3
129.2
0.2
12.5

101.2
4.4
73.6
127.4
-.1
1.1

102.6
5.0
73.7
125.1
-1.1
-3.1

103.3
4.6
74.8
127.5
2.4
-7.9

101.3
4.8
76.5
123.3
0.6
-14.9

102.5
5.0
76.4
119.6
1.5
-18.4

103.6
5.2
78.3
125.0
1.6
-17.3

99.2
5.1
80.1
126.7
2.3
-29.8

99.4
5.0
81.1
129.0
1.7
-36.8

103.1
5.4
81.8
127.7
1.9
-38.0

105.0
5.4
81.8
132.2
1.4
-41.4

Savings institutions
Credit unions
Life insurance companies
Finance companies
REITs
Brokers and dealers

18
19
20
21
22
23
24

1066.2
43.0
118.1
80.7
34.1
129.4
6.6

1070.7
43.2
131.4
88.1
25.9
114.0
5.1

1085.8
43.3
129.5
96.2
27.1
115.9
5.2

1128.1
43.2
147.6
97.3
27.7
97.2
7.0

1153.5
42.9
165.8
94.6
21.4
105.4
7.4

1174.9
42.6
147.0
93.6
24.1
121.8
7.7

1170.0
42.3
142.7
91.9
23.2
139.2
9.2

1235.5
41.9
154.6
87.0
27.5
161.9
8.3

1269.4
41.6
173.7
89.3
24.9
190.4
9.6

1313.2
41.2
179.6
85.9
23.0
188.1
8.6

1299.0
40.8
151.9
89.2
19.4
156.6
8.9

25
26
27
28
29

176.8
48.7
102.1
22.2
3.7

204.2
48.2
117.7
34.6
3.6

216.2
45.4
136.1
31.2
3.4

222.6
46.4
142.4
30.7
3.1

218.2
43.8
144.4
27.0
3.0

239.3
42.4
160.3
33.7
2.8

237.0
40.3
163.4
30.4
2.8

249.7
40.1
176.7
30.1
2.7

246.3
36.5
179.7
27.5
2.6

273.0
77.0
164.0
29.6
2.4

308.7
87.8
183.9
34.9
2.2

314.5
80.0
191.7
40.9
1.9

30
31
32
33
34

71.4
12.3
91.3
68.6
62.0

61.6
16.3
88.8
67.7
64.7

61.2
16.0
88.5
67.8
63.5

57.0
16.9
88.3
69.5
80.0

57.2
15.7
88.2
74.9
84.0

47.0
17.8
89.1
77.3
85.2

45.7
18.0
92.2
78.1
59.9

40.2
19.0
90.4
81.1
59.0

38.0
16.4
85.9
82.6
57.6

37.4
22.6
91.2
79.9
58.2

38.3
22.1
88.8
78.9
62.8

35
36
37
38
39

117.2
7.0
14.2
22.6
10.8

108.5
7.0
14.1
19.0
11.3

103.7
6.8
18.8
14.6
11.6

111.2
6.6
20.4
23.6
12.0

114.4
5.8
23.7
21.4
12.6

117.1
4.9
24.0
23.3
13.3

113.1
7.1
31.4
24.8
14.1

129.8
7.8
39.2
23.0
15.1

123.7
8.8
40.9
23.6
16.0

118.2
8.9
52.5
27.3
17.1

125.4
9.0
53.2
26.9
18.2

40

-330.7

-376.2

-380.0

-388.4

-398.4

-432.7

-409.3

-452.6

-451.0

-470.3

-441.1

BILLIONS OF DOLLARS,, END OF PERIOD.




1378.9 Total assets
40.4
Nonfarm noncorp. business
Nonfin. corporate business
152.3
66.2
U.S. government
Govt.-spons. enterprises
16.1
218.4
Rest of the world
Monetary authority
8.7

1
2
3
4
5
6

12
13
14
15
16
17

18
19
20
21
22
23
24

Commercial banking
U.S.-chartered, banks
Foreign banking off. in US
Bank holding companies
Banks in U.S.-aff. areas

25
28
27
28
29

34.1
17.4
94.2
81.8
73.9

Savings Institutions
Credit unions
Life Insurance companies
Private pension funds
St.Sloc. govt. rtr. funds

30
31
32
33
34

123.7
9.1
56.2
27.3
19.3

Finance companies
REITs
Money market mutual funds
Brokers and dealers
Bank personal trusts

35
36
37
38
39

-456.3 Discrepancy

40

DECEMBER 7, 1994
Nonprofits

129

Nonprofits
F.IOO.a Nonprofit Organizations Cl)

ANNUAL FLOWS

1 Nat finanolal Investment
Nat acq. of financial assets
2

ANNUAL FLOWS

1988

1989

1990

1991

1992

30.3
57.3

3.6
48.2

21.2
57.9

16.5
53.8

9.1
49.1

1
2

S
4
5
6

Deposits
Checkable dep. 8 ourr.
Time * savings deposits
Money market fund shares

-13.5
0.5
-1.0
-13.1

12.8
-1.0
8.9
4.9

-9.5
1.3
-9.6
-1.2

30.5
3.3
5.6
21.5

-7.6
2.6
-1.2
-9.0

3
4
5
6

7
8
9
10
11
12
IS
14
15

Credit market Instruments
U.S. govt, securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper
Security RFs

38.2
14.7
7.1
7.6
M
6.4
-l.l
17.8
0.4

44.9
32.6
32.0
0.7
1.9
16.2
1.4
-10.3
3.1

25.5
6.7
-1.5
8.2
-1.9
10.4
-1.1
13.7
-2.2

-33.0
3.1
0.1
2.9
0.1
6.8
-.4
-41.2
-1.4

38.6
3.0
1.6
1.5
-.1
20.1
3.0
7.8
4.7

7
8
9
10
11
12
IS
14
15

IS
17

Mutual fund shares
Corporate equities

-2.1
16.8

0.4
-17.7

-.2
21.6

-.2
34.3

2.0
-10.3

16
17

18
19
20
21

Equity ln noncorp. bus.
Security credit
Trade credit
Miscellaneous assets

0.5
2.8
2.6
11.7

-5.0
2.8
2.8
7.1

-9.5
-7.4
-7.4
44.7

17.2
5.0
5.0
-4.9

17.0
1.2
1.2
6.9

18
19
20
21

22

Net Increase in liabilities

26.9

44.6

36.7

37.3

39.9

22

23
24
25
26

Credit market instruments
Tax-exempt debt
Commercial mortgages
Bank loans n.e.c.

11.0
1.3
9.5
0.2

16.3
2.5
19.1
-5.2

17.7
3.8
15.3
-1.5

16.6
7.7
12.4
-3.5

28.7
14.6
12.4
1.7

23
24
25
26

27
28

Trade debt
Miscellaneous liabilities

2.5
13.5

16.1
12.2

11.3
7.6

-4.7
25.4

7.2
4.0

27
26

(1) Does not Include religious organizations or organizations with lass
than $25,000 In gross annual receipts.

BILLIONS OF DOLLARS.




Nonprofits
L.100.a Nonprofit Organizations (1)

130
LEVELS, 1387-1992

1987

1988

1989

1990

1991

1

476.4

653.4

767.8

801.3

914.5

1000.8

2

39.8
12.5
2.2
25.0

34.5
17.0
1.7
15.9

47.3
15.9
10.5
20.8

37.8
17.3
0.9
19.6

68.3
20.6
6.6
41.1

60.7
23.2
5.4
32.1

106.6
49.7
35.9
13.8
X
18.9
4.3
32.9
0.9

177.4
75.3
50.3
25.0
29.5
3.7
67.2
1.7

222.3
107.9
82.3
25.6
1.9
45.7
5.0
56.9
4.8

247.8
114.6
80.8
33.8
X
56.0
3.9
70.7
2.5

214.8
117.7
80.9
36.8
0.2
62.8
3.5
29.5
1.1

253.4
120.7
82.5
38.2
0.1
82.9
6.6
37.3
5.9

Credit market instruments
U.S. govt, securities
Treasury
Agency
Tax-exempt securities
Corporate and fgn. bonds
Mortgages
Open market paper
Security RPs

6
7
8
9
10
11
12
13
14

16

7.7
184.2

4.9
253.4

6.7
300.5

5.9
298.4

6.7
391.0

9.4
417.3

Hutual fund shares
Corporate equities

15
16

17
18
19
20

31.3
19.0
19.0
68.7

36.9
25.7
25.7
95.0

31.8
28.5
28.5
102.1

22.3
21.1
21.1
146.8

39.6
26.1
26.1
141.9

56.5
27.3
27.3
148.8

Equity in noncorp. business
Security credit
Trade credit
Miscellaneous assets

17
18
19
20

21

235.1

323.2

367.8

404.5

441.8

481.8

22
23
24
25
26
27

174.5
78.2
81.0
15.3
31.4
29.2

199.6
79.5
104.7
15.5
41.5
82.1

216.0
81.9
123.7
10.3
57.6
94.3

233.7
85.8
139.1
8.8
68.9
101.9

250.3
93.5
151.5
5.3
64.3
127.3

279.0
108.1
163.9
7.0
71.5
131.2

S

4
5

6
7
8

9
10
11
12
13
14

15




1992
Total financial assets

Deposits
Checkable deposits 8 curr.
Time and savings deposits
Honey market fund shares

Liabilities

Credit market instruments
Tax-exempt debt
Commercial mortgages
Bank loans n.e.c.
Trade debt
Miscellaneous liabilities

<1) Does not include religious organizations or organizations with less
than $25,000 in gross annual receipts.

END OF PERIOD.

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